President Joe Biden said he could make a decision as soon as this week on a gas tax holiday, which would pause the federal gas tax of 18.4 cents per gallon.

ABC News’ Victor Oquendo reports on rising gas prices across the U.S. and how Americans are trying to cope.

The administration is looking for ways to spare Americans from higher prices.

President Joe Biden said Monday he could make a decision as soon as this week on whether to support Congress instituting a pause on the federal gas tax of 18.4 cents

For the first time in years, interest rates are rising on savings accounts.

As stocks plunge and costs continue to rise, ABC News' Rebecca Jarvis explains why experts say the U.S. economy may be headed toward a recession.

A coming recession is not "at all inevitable" as the Federal Reserve takes aggressive actions to address inflation, Treasury Secretary Janet Yellen said Sunday

Janet Yellen said inflation is unacceptably high.

Treasury Secretary Janet Yellen said Sunday that a recession was not "at all inevitable" despite some experts forecasting it could happen within the next 12 to 18 months.

Coping with the challenges of inflation, small businesses are offering bonuses and raises for their employees to combat the rising cost of living.

Rising prices for asphalt, steel and iron pipes are driving up building costs.

George Stephanopoulos interviews Treasury Secretary Janet Yellen on "This Week."

Prices are now rising at the fastest rate in 40 years.

The Biden administration is reportedly taking another look at sending gas rebate cards to millions of Americans.

The average monthly payment for a mortgage has increased 40% since the end of last year. Federal Reserve Chairman Jerome Powell announced the biggest rate hike in decades earlier this week.

ABC News’ Deidre Bolton and MaryAlice Parks fact-check the White House blaming spiraling inflation on oil producers and discuss what, if anything, the Biden administration can do.

ABC News correspondent Deirdre Bolton discusses the latest on the U.S. economy as the Federal Reserve raised interest rates at the fastest pace in nearly three decades.

ABC News' Alexis Christoforous discusses concerns about the economy as layoffs increased slightly this week and President Biden accuses oil companies of worsening Americans' pain at the pump.

The average 30-year fixed mortgage rate has jumped from 4.45% to 6.03% since mid-March, according to Mortgage News Daily.

A difficult year for many homebuyers became even tougher, experts said.

Americans are wondering what a recession will mean for them.

The stock market continues to slide to the lowest point since December 2020, entering deeper into bear territory.

The rate hike, which is the largest since 1994, is an effort to stave off inflation and slow the economy.

President Joe Biden signed legislation Thursday meant to make shipping goods across oceans cheaper

Soaring gasoline prices have left many consumers with no choice but to cut spending on non-essentials, but it might be coming full circle by stopping some drivers from filling up their tanks

Rate hikes impact everyday people in profound and largely negative ways, experts told ABC News.

The Federal Reserve’s decision to hike interest rates by 0.75 percentage points has some observers wondering if the effort to cool off inflation could instead spark a recession.

ABC News Chief Business Correspondent Rebecca Jarvis on the impact of the Federal Reserve raising interest rates by .75%.

The brisk jump in rates has been pushing potential homebuyers out of the market.

Policy likely cannot significantly reduce prices soon, experts told ABC News.

ABC News business reporter Alexis Christoforous explains the biggest interest rate hike in nearly three decades and how it's intended to fight inflation.

Powell has pledged to do whatever it takes to curb inflation.

With the average prices of homes up over the past year, many people are turning to creative ways to save on housing costs.

The Federal Reserve announced its biggest interest hike in nearly three decades on Wednesday as fears of a recession continue to mount.

The Federal Reserve hiked the interest rate 0.75% on Wednesday.

The rapidly rising costs of almost everything is affecting young people’s plans for the future and small business owners’ livelihood.

Record low-interest mortgages are long gone

American families are spending $350 more every month compared to a year ago and the Federal Reserve’s 0.75% interest hike is meant to help stabilize prices as the nation faces historic inflation.

ABC News’ Linsey Davis speaks with Democratic House Majority Leader Rep. Steny Hoyer about the battle against inflation, the Jan. 6 hearings, and efforts at gun legislation.

He said oil company profit margins are the highest ever recorded.

The rate hike of 0.75% marks the largest increase since 1994.

As the nation celebrates the 50th anniversary of Title IX, a new poll finds Americans are split on how much progress has come from the landmark women's rights law

Americans trimmed their spending unexpectedly in May compared with the month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items

ABC News business reporter Alexis Christoforous discusses the expected rate hike to help battle rising inflation and what it means for American families.

ABC News' Rebecca Jarvis reports as the Federal Reserve is expected to announce its largest interest rate hike since 1994 in an effort to tackle inflation.

The Federal Reserve is expected to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation

President Joe Biden wants U.S. oil refiners to produce more gasoline and diesel

A California gas station manager was fired after accidentally setting the gas price to 69 cents per gallon when it was supposed to be $6.99 a gallon.

Many families already feel the impact of inflation on a daily basis.

A combination of factory staffing, transportation logjams and the rising cost of raw materials such as plastics are causing retailers to report lower inventories.