economy

President Biden plans to address the nation today following the bipartisan approval of legislation that raises the debt limit. The Senate approved the legislation Thursday night, avoiding a U-S default that could have come as soon as Monday. Stay with SC Public Radio for special coverage of Biden’s speech from NPR News, starting at 7:00 p.m.

South Carolina's agriculture chief plans to ask lawmakers for $75 million to help bring processing and packing facilities to the state so farmers don't have to send their products away. South Carolina Agriculture Commissioner Hugh Weathers says expanding that capacity will help South Carolina's agriculture business keep growing. Weathers also was celebrating reaching his goal of more than $50 billion of economic impact for agriculture he made when he took office in 2004.

Regional Management Corporation is a finance company based in Greer. This year its stock has lost over 30% of its value. Fort Mill cleaning product manufacturer Diversey has seen its stock tumble to almost half its January value. Both are South-Carolina-based companies traded on the New York Stock Exchange, and neither are unique. This year, measures of overall stock market values have fallen by more than 20%, a bear market amid inflation worries and economic cooling.

High prices are hurting the budgets of many Americans, but some local experts think it could help a shift to cleaner energy.

The effects of high inflation on gas and grocery prices is making it tougher for anyone to live, but is hitting low-income workers the hardest.

Experts believe inflation may be at its peak, but it will be year's end before relief is in sight.

The amount of money in South Carolina's state bank accounts continues to grow thanks to a quick recovery from the economic shock of the COVID-19 pandemic and people spending money much faster than experts predict. The latest estimate from the state Board of Economic Advisers says South Carolina lawmakers will have nearly $1 billion more to spend this budget year. That boosts the money that the General Assembly has control over to nearly $11 billion and doesn't count at the roughly $3 billion in federal COVID-19 relief money coming to South Carolina.

This edition of the South Carolina Lede for July 31, 2021 features an update on how the Palmetto State's economy is faring during the pandemic from Joey von Nessen, research economist with the University of South Carolina's Darla Moore School of Business.

The COVID pandemic has had many effects on people and businesses throughout the country and the state. One thing that may have been missed by many is its…

Tonight at 7:15, President-elect Biden is set to deliver remarks in which he will "outline his vaccination and economic rescue legislative package." Biden…