Joe Biden, the Democratic presidential nominee, worked to forge a “grand bargain” with congressional Republicans on deficit reduction during the Obama years. As part of the effort, the former vice president openly advocated for putting entitlements programs, including Social Security, on the negotiating table.
Broad gains in prices suggest the economy is still healing.
A big jump after months of the federal government’s massive fiscal response to the coronavirus pandemic.
Inflation has been slowing down for the last two months, suggesting that the Fed will not hike rates this year.
The Consumer Price Index was flat for September, vindicating Trump’s claim that there is no inflation in the U.S. economy.
The data defy the dire predictions of experts who forecast consumers would foot the bill for tariffs.
Retired Americans collecting Social Security payments will get their biggest payout in seven years starting in 2019.
U.S. Federal Reserve officials announced a modest interest rate hike on Wednesday, predicting two more this year as the American economy continues to grow.
