Category: Economy
Fed holds interest rates steady for second time this year
Fed holds interest rates steady for second time this year
www.politico.com [...]
Heidi Shierholz raises concern over AI and power imbalance in labor
Heidi Shierholz raises concern over AI and power imbalance in labor
www.politico.com [...]
UAW strike: Chamber of Commerce blames President Joe Biden’s pro-union policies
The United Auto Workers announced a strike at three plants — one each at Ford, General Motors and Stellantis — overnight after failing to agree on a [...]
Biden super PAC ad campaign begins in swing states
The election is still 423 days away, and Biden and his chief super PAC are already running TV ads in nearly every major battleground state — far earl [...]
Biden is selling an economy on the rise. Voters aren’t buying it so far.
For months, the president and members of his Cabinet have crisscrossed the country to preach the message the administration has packaged as “Bidenomi [...]
Gina Raimondo says she complained to Chinese officials about being hacked
“It’s a complicated relationship,” Raimondo said. “There’s no doubt about it. We are in a fierce competition with China at every level. And anyone wh [...]
U.S. employers added a solid 187,000 jobs in August in sign of a still-resilient labor market
The Fed wants to see hiring slow because intense demand for labor tends to inflate wages and feed inflation. The central bank hopes to achieve a rare [...]
Biden’s reelection threatened by poor marks on the economy from voters of color
The signs of dissatisfaction with Democrats didn’t end there. Respondents were also asked about the rise in crime and border issues. Democrats got ze [...]
Biden’s approval rating for the economy remains at about a third, poll finds
In recent months, the Biden administration has hit hard the president’s economic policy, known as “Bidenomics,” amid falling inflation, steady job gr [...]
Bidenomics isn’t taking off with the public. The White House is playing it cool.
“If you look at where the puck’s going to be a year from now,” said a White House official granted anonymity to discuss strategy, “inflation’s going [...]
DeSantis’ conservative populism has left some donors chafing
“DeSantis made a fatal error — his whole anti-Disney, anti-corporate stance is so foolish,” said Kathy Wylde, president and CEO of the Partnership fo [...]
A steady economy offers no boost for Biden
“The labor market data has been on a glide path to a soft landing the last several months, and today’s report continues us down that path,” Omair Sha [...]
Election 2024: Biden and Trump are tied in hypothetical rematch, poll finds
The survey found voters are not excited about their options, with 55% of respondents saying they view Donald Trump either somewhat or very unfavorab [...]
Biden resorts to a classic D.C. punt on the debt ceiling. Progressives aren’t pleased.
But there’s reason to be skeptical that concrete action will come soon, if at all. There’s no clear timeline for the project and little in the way of [...]
U.S. economy grew at a faster 2.4% rate in April-June quarter despite Fed rate hikes
In fighting inflation, which last year hit a four-decade high, the Fed has raised its benchmark rate 11 times since March 2022, most recently on Wedn [...]