The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.
President Joe Biden witnessed some of the lowest approval ratings of his administration despite moderating price levels and the Democratic Party avoiding severe midterm losses, according to a new poll from Reuters.
White House Chief of Staff Ron Klain is expected to step down from his position in the coming weeks, The New York Times reported, citing anonymous senior administration officials.
Treasury Secretary Janet Yellen asserted on Saturday that House Republicans attempting to negotiate spending cuts amid the renewed debt ceiling battle are “very irresponsible.”
The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
The Biden administration has failed to comply with the House Oversight Committee’s investigation into President Joe Biden’s mishandling of top secret documents after promising the “highest standards of transparency” in United States history.
On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.
