Business

Reports suggest trillion-dollar spending spree may not pass this year

US retail sales grew by 0.3% in November, down October’s growth of 1.7%, amid an inflation spike that has raised prices of all products, Commerce Department data showed on Wednesday.

Democratic mayors are raising eyebrows with their responses to the rising crime plaguing major cities like New York City, Chicago and Philadelphia.

Joe Biden has shattered a record most presidents never hope to approach: November marked a 9.6% year over year inflation rate for whole sale prices, the highest recorded in U.S. history.

West Virginia Democratic Sen. Joe Manchin, a pivotal vote for the Democrats on the bill, calls the CBO's latest cost analysis "very sobering."

President Joe Biden expressed concern about reports that Kellogg is planning to permanently replace striking workers after the company announced its intent to do so after union staff rejected a tentative agreement that would have ended the months-long job action.

The Congressional Budget Office (CBO) released an analysis on Friday estimating that President Joe Biden's 'Build Back Better' (BBB) plan could increase the federal deficit by $3 trillion over the next decade if the proposed programs are made permanent, according to CNN.

New data show inflation rising at fastest pace in 40 years under Biden admin.

Authorities say strong winds and rough seas have forced them to keep ships farther apart and away from the ports of Los Angeles and Long Beach.

Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.