Showing posts with label #Money. Show all posts
Showing posts with label #Money. Show all posts
Wednesday, November 10, 2021

U.S. consumer prices soared 6.2 percent in past year, most since 1990

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Prices for U.S. consumers jumped 6.2 percent in October compared with a year earlier as surging costs for food, gas and housing left Americ...
Monday, November 8, 2021

Climate on track to devastate world’s poorest economies: Study

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Some 65 nations will see GDP drop 20 percent by 2050 if temperatures rise, new report released at COP26 says. Source: https://www.aljaze...
Saturday, November 6, 2021

US Congress passes $1 trillion infrastructure bill

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Package will fund the biggest upgrade of America’s roads, railways and other transportation infrastructure in decades. Source: https://w...
Wednesday, November 3, 2021

Federal Reserve set to announce start of its withdrawal of emergency support for the economy

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When the Federal Reserve wraps up its meeting today, the central bank is expected to announce that it will begin to wind down one of its b...
Wednesday, October 27, 2021

Senate Democrats unveil new income tax for billionaires

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Senate Democrats on Wednesday released a billionaires’ tax proposal , designed to help support President Biden’s social spending and clima...
Friday, October 15, 2021

White House vows to treat climate change as “systemic” financial risk

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A new White House report released Friday morning says climate change poses “systemic risks” to the U.S. financial system, and presents a “...
Wednesday, October 13, 2021

Social Security checks to rise 5.9 percent, most in decades

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About 64 million people who receive Social Security benefits will begin to receive a bigger check from the federal government in January. ...
Friday, October 8, 2021

U.S. employers add a weak 194,000 jobs as Delta maintains hold

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U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the ec...
Tuesday, October 5, 2021

What’s behind the rising energy prices

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Energy prices are climbing around the world amid a perfect storm of extreme weather, rising power demand, and supply constraints. It’s roi...
Saturday, October 2, 2021

Alabama clears plan use COVID-19 relief funds to build prisons

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Alabama Gov. Kay Ivey (R) on Friday signed legislation enabling the state to use COVID-19 relief funds to build prisons.”Folks, this is a ...
Friday, October 1, 2021

Manchin throws down gauntlet with progressives

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Sen. Joe Manchin (D-W.Va.) is in the driver’s seat and letting liberal Democrats in the House and Senate know that he plans to set the ter...

Powerball jackpot rises to $620 million, 10th largest in U.S. history

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There have been 39 drawings in a row without a Powerball grand prize winner, dating back to the last time someone hit the jackpot on June ...
Tuesday, September 28, 2021

In deep red West Virginia, Biden’s $3.5tn spending proposal is immensely popular

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Working-class people – even Trump voters – understand the Build Back Better plan will benefit them Elizabeth Masters isn’t a natural Joe ...
Thursday, September 23, 2021

Puerto Rico’s new minimum wage: ‘Not enough, but a starting point’

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Puerto Rico raised its minimum wage for the first time in over a decade. But the high cost of living is a challenge that keeps many famili...
Friday, September 17, 2021

Massive savings “war chest” could drive growth as COVID relief ends

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Economists expect the pace of economic growth to cool off now that government transfer payments like stimulus checks and emergency unemplo...
Monday, September 13, 2021

Biden looks to climate to sell economic agenda

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President Biden is trying to return the focus to his economic agenda as the White House ratchets up its messaging effort on the massive sp...

House Democrats will consider $2.9T in tax hikes — mostly on the wealthy and corporations

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House Democrats will consider as much as $2.9 trillion in tax hikes for the next 10 years — mostly on the extremely wealthy and corporate ...
Wednesday, September 1, 2021

There’s no such thing as an independent central bank

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The skirmish over Jay Powell’s future as Fed chair provides a glimpse of a much bigger fight — one that could mark the beginning of the en...
Sunday, August 29, 2021

A program that pays farmers not to farm isn’t saving the planet

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President Joe Biden wants to combat climate change by paying more farmers not to farm. But he’s already finding it’s hard to make that work...
Saturday, August 28, 2021

Delta variant is making consumers pull back on their spending, new data shows

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Economists worry that these fears will constrain the spending that powers some 70 percent of the American economy. Source: https://www.n...