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SHOCKING: Lael brainard | Mind Blowing Facts

US Consumer Inflation Rises In October On Higher Housing Costs

US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates.

International Business Times

Consumer Confidence Soars With Positive Economic Indicators

White House report highlights positive consumer confidence survey results and economic improvements.

Top News

US To Raise Tariffs On $18 Bn Of China Imports Including Chips

The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.

International Business Times

Citing unfair trade, Biden hikes tariffs on Chinese EVs, batteries - Roll Call

The Biden administration will raise tariffs on electric vehicles and other products from China in response to anticompetitive practices.

Roll Call

Biden's Clean Energy Tax Credits Likely To Remain 'Law Of The Land': Brainard

Most of Joe Biden's clean energy tax credits are now law and are unlikely to be reversed by Donald Trump if he wins November's presidential election, a senior administration official said Friday.

International Business Times

Tax revenue jumps 22% in April, but U.S. deficit still looms large

The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.

WEKU

Biden Unveils Almost $20 Bn For Intel To Boost US Chip Production

US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants -- his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achievements over election rival Donald Trump.

International Business Times

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International Business Times

US Embrace Of Remote Working Empties Offices, Weighs On Banks

International Business Times

Biden To Push Higher Corporate Tax In Key Political Speech

US President Joe Biden is expected to raise pressure Thursday on major corporations and wealthy individuals, calling for them to pay more in taxes in his State of the Union speech.

International Business Times

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

The Independent UK

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips

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International Business Times

White House Urges 'Serious Scrutiny' Of US Steel Takeover Deal

A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications.

The Guardian - US

Dow closes at record high after Fed signals it will cut interest rates in 2024

US central bank holds interest rates at 22-year high, but expects to cut rates three times next year as inflation continues to fade

WEKU

How a top economic adviser to Biden is thinking about inflation and the job market

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

The Independent UK

Biden to convene new supply chain council and announce 30 steps to strengthen US logistics

President Joe Biden will convene the first meeting of his supply chain resilience council

Fortune

The White House's top crypto critic departed. What does that mean for a stablecoin bill?

Senior aide Bharat Ramamurti established himself as one of the top economic voices in the Biden administration.

The Independent UK

3 officials sworn in at Federal Reserve, as governing board reaches full strength

Federal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor

Tribune News Service

Conor Sen: The White House knows where inflation’s headed. You can too

The White House embraced “Bidenomics” to describe its economic agenda last month, reclaiming a term that President Joe Biden’s detractors have frequently used as a pejorative. Various administration officials have since talked up its ambitions. I have no doubt that they're sincere about the importance of the middle-class, infrastructure investments…

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