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The Philadelphia Fed Manufacturing New Orders Index for August was 30.1, down from 37 in the previous month.

2026-08-20

The Philadelphia Fed Manufacturing New Orders Index for August was 30.1, down from 37 in the previous month.

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2026-08-20

Michael Peterson, CEO of the Peter G. Peterson Foundation, said rising U.S. debt has become a midterm-election focal point and framed the issue as a cost-of-living problem. He warned higher debt raises interest costs — interest outlays now exceed def

Michael Peterson, CEO of the Peter G. Peterson Foundation, said rising U.S. debt has become a midterm-election focal point and framed the issue as a cost-of-living problem. He warned higher debt raises interest costs — interest outlays now exceed defense spending — and said each $1 trillion of additional debt pushes up interest rates and inflation, increasing mortgage, auto and credit-card payments. He added rising debt undermines economic growth and slows wage growth while living costs rise.
2026-08-20

Venezuela’s oil minister Paola Enau told investors in Houston Caracas seeks to sign production-sharing contracts to raise output from the country with the world’s largest crude reserves. She said 916 exploration and production blocks are available an

Venezuela’s oil minister Paola Enau told investors in Houston Caracas seeks to sign production-sharing contracts to raise output from the country with the world’s largest crude reserves. She said 916 exploration and production blocks are available and that Venezuela must conclude such agreements to access the new blocks. This week Caracas signed deals with Schlumberger (SLB.N) and Hunt Oil; about 140 companies attended the investor session as Venezuela seeks more private investment to reverse a roughly 20-year decline in oil production.
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