U.S. Economy

To keep Fed Chair Jerome Powell from having to slam the brakes on the current economic recovery, it's important that the president and Congress combat inflation as well.

Biden said he would continue punishing Russia for invading Ukraine and laid out a plan to tackle inflation and boost the economy.

The best way to deliver for families is to offer a universal, modest benefit for all parents, regardless of work status.

Unless we can build a strong domestic industrial base to respond to this challenge, the CCP will use nuclear (and other sectors) to control global markets.

A home is not just a home. It is an important check on government power.

"Your right to make a political statement does not outweigh the right of hundreds," Premier Doug Ford told protesters.

Michigan Governor Whitmer's office estimates that 10,000 commercial vehicles cross the bridge between Detroit, Michigan and Windsor, Canada daily.

"In a matter of a couple of months, you're talking about losing more money than all of General Motors is worth," labor expert Arthur Wheaton told Newsweek.

Trickling out subsidies through dozens of federal bureaucracies, as the House and Senate bills propose, won't by themselves revive American high-tech manufacturing.

States have repeatedly tried this approach, always with the false promise that sometime tomorrow, the middle class will benefit from today's tax cuts for businesses and the wealthiest people.

The real issue is not employment but ownership. Most policymakers refuse to confront the hard truth that millions of Americans are being transformed into serfs.

The White House is extremely concerned about inflation but does not know what to do about it.

The chip industry is fundamental to U.S. national and economic security, and onshoring semiconductor manufacturing plants holds the promise of economic growth.

Overall, less than a quarter of small businesses think the economy is in a good or excellent state, the survey reported.

An improving economy usually bodes well for the incumbents, but in the critical swing state of Nevada more Democrats are switching parties than Republicans.

In a Congressional hearing on Tuesday, Fed Chair Jerome Powell said supply-side shortages and labor shortages have contributed to recent inflation in the U.S.

"You can think about it as if they're flying a plane and now, they want to land the plane but don't want it to be a sort of a bumpy ride," one economist said.

The World Bank projected that the U.S. economy will grow 3.7 percent this year, down from 5.6 percent last year.

Warren has voiced concerns to Powell over "the Fed's lack of transparency and your commitment to fully and honestly addressing the Fed's broken ethics culture."

According to Biden, Americans are moving up to better jobs with better pay with better benefits. That's why they're quitting their jobs," the president said.

"(Republicans) want to talk down the recovery because they voted against the legislation that made it happen," the president said.

"There's just a lot of historical evidence Americans do not like inflation," said Brookings Institution economist Gary Burtless.

"We estimate that inflation in 2021 will require the average U.S. household to spend around $3,500 more," a new study states.

There's nothing wrong with prosperity.

The report cited several ways in which the issue could impact the economy, including possible loan losses after natural disasters like floods and fires.

Retail spending increased by 0.3 percent in November, compared to the 1.8 percent rise in October, but experts are still confident in the holiday season.

Today, more than ever before, too many Americans are doubting the American Dream.

The Biden administration, "woke" banks and activist investors want to make it impossible to invest in traditional American energy.

Among likely voters, seven times more of them call the economy and inflation, rather than the pandemic, their top issue; for Blacks, the discrepancy is larger.

Payments will be issued after a person files taxes in 2021.