Category: Economy

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Biden’s 2022 State of the Union report card: Where he delivered — and fell flat

Biden’s 2022 State of the Union report card: Where he delivered — and fell flat

The president promised a lot last year. Here's how we graded him on some of those pledges. www.politico.com [...]
Biden on robust jobs numbers: The ‘critics and cynics are wrong’

Biden on robust jobs numbers: The ‘critics and cynics are wrong’

The president’s last-minute remarks were added to his schedule Friday morning after the Labor Department announced the U.S. economy created a whoppin [...]
Amid 2.9 percent growth, Biden says his economic plan is ‘working’

Amid 2.9 percent growth, Biden says his economic plan is ‘working’

Amid 2.9 percent growth, Biden says his economic plan is ‘working’ www.politico.com [...]
In the battle against inflation, it’s Jay Powell v. Wall Street

In the battle against inflation, it’s Jay Powell v. Wall Street

“It is a very peculiar tango that we’re dancing here,” said Torsten Slok, chief economist at Apollo Global Management. “On the one hand, the Fed must [...]
Yellen to stay on as Treasury chief through Biden’s term

Yellen to stay on as Treasury chief through Biden’s term

But in recent months inflation has eased, Democrats performed surprisingly well in the midterm elections and pressure to make sweeping changes on the [...]
Fed hikes rates and signals more to come

Fed hikes rates and signals more to come

Fed hikes rates and signals more to come www.politico.com [...]
U.S. inflation slowed sharply to 7.1% over past 12 months

U.S. inflation slowed sharply to 7.1% over past 12 months

Even with last month’s further easing of inflation, the Federal Reserve plans to keep raising interest rates. On Wednesday, the Fed is set to boost i [...]
Fed jacks up rates again but hints it might slow down

Fed jacks up rates again but hints it might slow down

“In determining the pace of future increases ... the Committee will take into account the cumulative tightening of monetary policy, the lags with whi [...]
Voters remain gloomy despite recent economic gains

Voters remain gloomy despite recent economic gains

The third quarter GDP increase followed two quarters of decline. Fifty-eight percent of voters said they hadn’t heard that GDP was up, according to t [...]
U.S. economy returned to growth last quarter, expanding 2.6 percent

U.S. economy returned to growth last quarter, expanding 2.6 percent

Housing investment, though, plunged at a 26 percent annual pace, hammered by surging mortgage rates as the Federal Reserve raises borrowing costs to [...]
More voters trust Republicans on economy as interest in midterms hits high, polls say

More voters trust Republicans on economy as interest in midterms hits high, polls say

House Speaker Nancy Pelosi said on Sunday on MSNBC that she didn’t “subscribe” to the idea that voters don’t trust Democrats on the economy. Repub [...]
Biden: About 22M applied for student debt relief

Biden: About 22M applied for student debt relief

Biden: About 22M applied for student debt relief www.politico.com [...]
Soaring tax revenue, spending plunge spark record drop in budget deficit

Soaring tax revenue, spending plunge spark record drop in budget deficit

But the deficit wasn’t as small as the $1 trillion that White House officials had forecast in August, primarily because of higher spending on educati [...]
Yes, the Liz Truss debacle matters for Americans

Yes, the Liz Truss debacle matters for Americans

Aside from gaining satisfaction from knowing there are other countries with messed-up democracy, here are four ways the departure of Liz Truss matter [...]
Watch Liz Truss announce her resignation

Watch Liz Truss announce her resignation

Watch Liz Truss announce her resignation www.politico.com [...]
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