Expected Interest Rate Hike Will Add $2 Trillion to the Deficit So much for the idea that low interest rates meant the government could borrow endlessly with no consequences. Reason · Sep 20, 2022
A deal to avert a rail strike is on track, but it won't fix U.S. supply chain issues Supply chain disruptions have eased since the height of the pandemic, but concern over a potential rail strike, which appears to have been narrowly averted, highlights how that system remains fragile. WEKU · Sep 16, 2022
The Biden Administration Is Taking From the Poor and Giving to the Rich From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans. Reason · Sep 1, 2022
Biden will cancel $10,000 of student debt for many borrowers WASHINGTON — President Joe Biden announced Wednesday that he is canceling $10,000 in student debt for individuals earning less than $125,000 annually and extending a pause on loan repayments for all borrowers through the end of the year. Los Angeles Times · Aug 24, 2022
Biden's Student Debt Relief Plan Will Worsen Inflation "Student loan relief would lead some people to spend more," warns Obama economic advisor and Harvard economist Jason Furman Reason · Aug 24, 2022
Why is it so hard to say if this is a recession? Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics. Los Angeles Times · Jul 29, 2022
Inflation: Does price-gouging drive up the current rate? Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits The Independent UK · Jun 27, 2022
Greedflation: Is price-gouging helping fuel high inflation? Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits The Independent UK · Jun 26, 2022
Biden admin split over Trump-era China tariffs as inflation looms Biden officials are fiercely debating whether to lower some of former President Trump’s China tariffs. Axios · Apr 29, 2022