The Pentagon has unveiled a comprehensive plan aimed at the welfare of U.S. military force and their families. The new six-point plan, announced by Secretary of Defense Lloyd Austin, addresses essential needs in education, childcare, parental leave, and career advancement. Austin said the Department of Defense is committed to working with Congress and other stakeholders to ensure the successful im...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.