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Why Biden's 2024 Budget Plan Won't Pass in the House
The Republican House wants to cut government spending. This budget does the opposite.
Economy
44 posts
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The Silicon Valley Bank Bailout, Explained
The Biden administration announced there would be no bailout while bailing out the banks in question.
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Trump Announces New Economic Plan Against China
The former president’s plan focuses on curbing Chinese influence and rebuilding American manufacturing.
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Trade With China Reaches All-Time High Despite Tensions
As China and U.S. trade reaches a new record, America works to weaken China's economy.
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Farm Groups, Senators Call for Federal Investigation Into Rising Egg Prices
Advocacy group Farm Actions says there’s no justification for dominant egg producers’ three-fold price hike.
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Biden Claims Wages Are Rising Faster Than Inflation. That's Not True.
President Biden bragged about American wages rising, but inflation and the prices of goods are rising faster.
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Fed Hikes Interest Rates, Politicians Ignore Economic Crisis
The Federal Reserve hiked interest rates another .75 percent yesterday for the fourth time this year. Here’s what you should know.
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No, Biden Hasn't Been 'Doing Everything' in His Power To Lower Gas Prices
President Joe Biden said he's been "doing everything in [his] power to reduce gas prices.” Has he, though?
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Biden’s Sanctions Choke China’s Chip Industry, Escalate Tensions With China
Biden's recent sanctions will prevent the communist country from producing advanced chips needed for supercomputing and military weaponry.
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With Midterms Weeks Away, Inflation Continues To Worsen Under Biden Administration
Wages aren't keeping up as inflation continues to rise, new CPI numbers show.
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The Economy Will Get Worse Before It Gets Better as Fed Hikes Interest Rate by 0.75 Points Again
The Federal Reserve hiked interest rates another 75 basis points, or .75 percent, yesterday for the third time in a row this year. Here’s what you should know.
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Biden Celebrates Inflation Reduction Act As Americans Struggle To Afford Groceries
Grocery prices increased by a staggering 13.5 percent and are expected to keep rising. Biden's Inflation Reduction Act won't help.