>>Economic Reports Coming Up
(Undated) -- Coming up in the week ahead we'll get a read out on the consumer price index, which keeps track of inflation. That's due Wednesday, followed by the producer price index on Thursday along with first-time unemployment claims. Consumer sentiment data comes out Friday.
>>Treasury Secretary Yellen Tells Congress: "Do Your Job" To Avoid Default
(Washington, DC) -- Treasury Secretary Janet Yellen is calling on Congress to "do its job" so the White House won't have to consider "emergency options" to avoid default. Speaking on ABC's This Week, Yellen said it's the responsibility of Congress to raise the debt ceiling. She called the 14th Amendment a "constitutional crisis," referring to the amendment that would allow President Biden to continue issuing debt without raising the limit on borrowing. The President said recently that he isn't at the point yet of invoking the 14th Amendment.
>>Writers Strike Ongoing
(Los Angeles, CA) -- The Writers Guild of America remains on strike. The strike began after the WGA's contract with the Alliance of Motion Picture and Television Producers expired last week. The guild represents writers of film, TV and streaming media and the alliance represents the studios. The WGA and AMPTP have been in talks for several weeks concerning improved compensation increases for writers amid the streaming era. WGA members also want studios to guarantee they won't be replaced with artificial intelligence computer systems. It's the first writers strike since 2007.