As if the global economic condition were not severe enough after months of devastating impacts wrought by the COVID-19 pandemic, investors are warning that the possible collapse of a major Chinese real estate development company named Evergrande could trigger a liquidity crisis similar to the one that occurred in late 2008, leading to a multi-year global recession.
Two-thirds of U.S. adults don’t expect their personal finances to improve in 2022, with more than half of this group blaming inflation for the pessimistic view of their future money situation, according to Bankrate’s December Financial Security Index.
New York University, which often leaves graduates with large sums of debt, recommended that students eat fewer meals to save money, according to The Wall Street Journal.
The White House issued a condemnation of Sen. Joe Manchin (D-WV) on Sunday after the senator said he would not vote for the Build Back Better bill, effectively killing it in its current form.
West Virginia Sen. Joe Manchin dropped a Christmas bomb on Democrats, announcing on Fox News he will not vote for President Joe Biden’s Build Back Better Act, a massive spending and green energy bill the party has been struggling to pass for months.
Joe Biden tried to spin several concerns for Americans during a recent interview. He sat down with a reporter Tuesday, but seemingly avoided responsibility for key issues.
Surging inflation will cost millions of Americans more than $3,000 in additional expenses this year, according to a Penn Wharton University of Pennsylvania Budget Model (PWBM) analysis published on Wednesday.
