Seventeen Senate Republicans seem determined to save President Joe Biden from his disastrous policies by backing Senate Majority Leader Chuck Schumer’s (D-NY) infrastructure bill, reducing the GOP’s ability to go after the inflation caused by Democrats’ runaway spending when it hits everyday Americans’ weekly budgets, as it is sure to do.
The July jobs report was the strongest in the history of the Biden administration — and yet real wages likely fell once again.
The University of Pennsylvania Penn-Wharton Budget Model found Thursday that the so-called bipartisan infrastructure bill would “have no significant impact” on economic growth.
All 17 subsectors of the American economy’s services side experienced rising prices in July.
Inflation may be creating an illusion of growth right now.
A nationwide chlorine shortage is forcing public swimming pools to close in the heat of the summer, adding frustration to a season that was supposed to bring a return to normal in the wake of the coronavirus pandemic.
Vulnerable Democrats running for reelection or higher officer in the midterms are bracing for Republican attacks on the rising inflation during the August recess when members are doing district work.
Spending on the construction of single family homes is not keeping up with the rising costs of goods and services for residential building.
Excluding food and energy, consumer prices were 3.5 percent higher last month than they were in June 2020, the briskest pace of inflation since the summer of 1991 and an acceleration from a month ago.
“While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon,” said Richard Curtin, the chief economist of the University of Michigan’s consumer sentiment survey.
Compared with a year ago, prices are up 4 percent.
On Thursday’s broadcast of CNN’s “At This Hour,” White House Council of Economic Advisers member Heather Boushey stated that she can’t give “a clear answer” on how long price increases have to last before inflation isn’t seen as temporary because
A leaked Democrat memo Thursday warns Democrats that President Joe Biden’s inflation is hurting the party.
The Federal Reserve largely shrugged off inflation fears while saying Wednesday that the U.S. economy is strengthening. “Inflation has risen, largely reflecting transitory factors,” the Fed said in its monetary policy statement. The Fed said the economy is making progress
The company is “raising prices everywhere,” Chief Financial Officer Monish Patolawala said on a call to discuss the company’s second-quarter results.
A Wednesday poll reveals the majority of registered voters hold President Joe Biden responsible for the inflation surge, according to a Morning Consult poll.
Hasbro CEO and chairman Brian Goldner said Monday on CNBC’s “Squawk on the Street” that he expected robust demand for toys to continue even though the company was increasing prices.
A former Obama pollster warned Democrats are “endangering” the wafer-thin House majority in the midterms when they bloat spending packages with their radical partisan agenda items.
People see prices rising everywhere and worry if they’ll be able to make ends meet even if the economy keeps growing.
Texas manufacturers say prices are still rising and they expect them to keep going up.
Sales of new homes came in much, much lower than expected for June, suggesting high prices are deterring buyers.
The poll, taken from July 6-21 shows that Biden has a 50 percent approval rating, down six points from a 56 percent rating in June.
Consumers are growing wary of high prices and snarled supply chains continue to drive up costs.
A top pollster of President Joe Biden’s war chest alerted the White House Thursday that “voters are really experiencing” inflation.
Reducing crime and promoting a strong economy should be priorities for President Joe Biden, a Thursday poll by the Associated Press-NORC Center for Public Affairs Research revealed.
Democrats are facing serious hurdles among key Battleground Congressional District voters on issues related to inflation, crime, and border security, a National Republican Congressional Committee (NRCC) poll released Thursday found.
Snarled supply chains and a lack of workers are forcing manufacturing prices up at a record pace in the American Midwest
The dream of many American families of owning a home is getting further out of reach in Biden’s America, even while the sales of the most expensive homes continue to climb.
During a town hall on CNN on Wednesday, President Joe Biden stated that he doesn’t know anyone, including economist Lawrence Summers, who thinks inflation will be a long-term issue “if we do the things we’re going to do” like passing
The decline in bond yields may not be the reassuring sign about inflation’s lack of staying power that conventional wisdom perceives. The yield on the benchmark 10-year U.S. Treasury note fell as low as 1.194 percent in trading on Wednesday,
