The Big Democratic Package: What’s Inside and What’s Outside?

The Big Democratic Package: What’s Inside and What’s Outside?

WASHINGTON (AP) – Nowhere near the $ 4 trillion dollar proposal first launched by President Joe Biden to rebuild America’s public infrastructure and family support systems but compromise package to tackle health inflation, climate change and deficit reduction strategies looks on track for Senate votes this weekend. The estimated $ 740 billion proposal, impressed by … Read more

Senate rules arbiter weakens the Dem drug plan in the income statement

Senate rules arbiter weakens the Dem drug plan in the income statement

WASHINGTON (AP) – Senate lawmaker on Saturday dealt a blow to the Democrats’ plan to cut drug prices, but left the rest of their sprawling economic bill largely intact as party leaders braced for the first votes on a package containing many of President Joe Biden’s top national goals. Elizabeth MacDonough, the non-partisan arbiter of … Read more

Democrats change some tax provisions while preparing the income statement

Democrats change some tax provisions while preparing the income statement

WASHINGTON (AP) – Democrats reduced part of their minimum corporate tax proposal and made other changes to their gigantic income statement, Senate Majority Leader Chuck Schumer said Friday, as they drove President Joe Biden’s election season victory on his national agenda. In an unusual peek at closed-door bargaining, Schumer, DNY, said Democrats dropped a proposed … Read more

‘What Recession?’: US employers add 528,000 jobs in July

‘What Recession?’: US employers add 528,000 jobs in July

WASHINGTON – U.S. employers added a staggering 528,000 jobs last month, despite warning signs of an economic downturn, easing recession fears, and delivering good news to President Joe Biden ahead of the mid-term elections. Unemployment fell another notch, from 3.6% to 3.5%, equaling the more than 50-year low reached just before the pandemic took hold. … Read more

The Democrats say they have reached an agreement on the economic package

The Democrats say they have reached an agreement on the economic package

WASHINGTON (AP) – Senate Democrats agreed on 11th hour changes to their core economic legislation, they announced Thursday at the end, removing the main obstacle to pushing one of President Joe Biden’s key election year priorities. through the chamber in the next few days. Senator Kyrsten Sinema, D-Ariz., A centrist seen as the pivotal vote … Read more

The Democrats say they have reached an agreement on the economic package

The Democrats say they have reached an agreement on the economic package

WASHINGTON (AP) – Senate Democrats agreed on 11th hour changes to their core economic legislation, they announced Thursday at the end, removing the main obstacle to pushing one of President Joe Biden’s key election year priorities. through the chamber in the next few days. Senator Kyrsten Sinema, D-Ariz., A centrist seen as the pivotal vote … Read more

The Bank of England set the largest rate hike in 27 years due to rising inflation

The Bank of England set the largest rate hike in 27 years due to rising inflation

LONDON, February 03: Bank of England Governor Andrew Bailey leaves after a press conference at the Bank of England on February 3, 2022 in London, England. The bank is expected to raise interest rates for a fifth consecutive meeting on Thursday, but faces a tough balance between supporting growth and containing inflation. Dan Kitwood | … Read more

The correction in the housing market takes an unexpected turn

The correction in the housing market takes an unexpected turn

The Federal Reserve has a simple fight against inflation playbook. It works like this: Continue to apply upward pressure on interest rates until business and consumer spending across the economy weakens and inflation falls. Historically speaking, the Fed’s fight against inflation playbook has always hit the US housing market particularly hard. When it comes to … Read more

3 money movements to minimize uncertainty in the second half of 2022

3 money movements to minimize uncertainty in the second half of 2022

David Sachs | The image bank | Getty Images It’s no secret that the first half of 2022 introduced many costly changes for consumers: The S&P 500 Index fell 20.6% in its largest first-half decline since 1970, dragging investor portfolios with it. The Federal Reserve approved a 75 basis point rate hike in June, the … Read more

66% fear a recession is coming. What concerns each generation the most

66% fear a recession is coming.  What concerns each generation the most

A customer is shopping at a Kroger grocery store on July 15, 2022 in Houston. Brandon Bell | Getty Images While experts debate whether the United States is on the verge of an economic downturn, many Americans are already bracing themselves for a recession. At that point, 66% of Americans fear a severe recession is … Read more