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Senate Advances Bipartisan Infrastructure Deal

American Faith -
The Senate passed a procedural vote to advance a $1.2 trillion infrastructure package. In a 67-to-32 vote Wednesday, the Senate reached bipartisan support to move forward on the bill after weeks of no progress.
Business

U.S. economy grew at a 6.5% rate last quarter, missing expectations

American Faith -
The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.
Business

Thanks To Inflation, American Wages Drop By Nearly 2%

American Faith -
According to federal data, the average American’s wage is on the decline due to inflation.
Business

Inflation fears surge 10%, double 2018 worries

American Faith -
jumped, doubling the fears of just three years ago, according to a groundbreaking “Inflation Index” survey provided to Secrets.
Business

GOP Rep. Ted Budd pushes bill for White House staff to take a course on inflation

American Faith -
member of President Biden‘s staff to take a financial literacy course on inflation before the White House could receive further funding.
Business

Dem-sponsored changes to death taxes could cost almost 1M US jobs, study finds

American Faith -
Republicans and Democrats are at odds over ending the stepped-up basis provision.
Business

Corporate profit margins holding up despite cost inflation, rising wages

American Faith -
Net percentage of companies with rising profit margins.
Breaking

World Investors Pouring Record $900 Billion into U.S. Funds

American Faith -
Global money managers funneled nearly $1 trillion into U.S. financial assets in the first half, signaling the American economy is primed to dominate post-COVID markets.
Business

On The Money: Senate braces for nasty debt ceiling fight | Democrats pushing for changes to bipartisan deal | Housing prices hit new high...

American Faith -
Republicans are digging in on the federal debt limit, warning Democrats that it will be up to them to avoid a default as President Biden pushes for trillions more in spending.
Business

Jobless Claims Hit 419,000 Last Week: Forbes

American Faith -
"Higher than expected" U.S. unemployment in "bumpy labor market recovery," according to Forbes.
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