Economists

‘More Than $2 Trillion in Wealth Held by the Middle Class Has Been Eliminated’ Under Biden: UC Berkeley Economists

Just 39% of the middle-class Americans surveyed in a Harris Poll commissioned by Bloomberg in late March and June believe their financial situation will improve within the next year.

Emmanuel Macron Proposes Global Tax Fund ‘Climate Change’ Efforts

"I'm in favor of an international taxation to finance efforts that we have to make to fight poverty and in terms of climate [action]…It doesn’t work when you do it alone, the [financial] flows go elsewhere," Macron said.

U.S. Jobless Claims Rise Under Biden Admin

Economists anticipate the unemployment rate to experience a slight increase, moving to 3.5% from April's 53-year record low of 3.4%.

Biden Approval Drops to Near-Record Low

Biden's current approval rating is 38%, his lowest rating being 36% in July 2022.

Existing Home Sales Surge as Prices Fall for First Time in Over a Decade

Sales of previously owned homes in the U.S. rose in February as house prices dipped and mortgage rates continued to tick down.

Biden’s Policies Responsible for Persistent Inflation, ‘Potential Banking Crisis,’ Economist Says

The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.

New Home Sales Rise for Third Straight Month as Mortgage Rates Fall

Sales of new U.S. homes rose for the third straight month in December as high mortgage rates continued to decline, offering some relief for prospective homebuyers.

U.S. Treasury Buys Time for Biden and GOP on Debt Limit Deal

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.

American Banks Prepare for Decline in Profits, 17 Percent Drop Predicted for Top Six Banks in the Fourth Quarter

Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year.

California’s Reparations Task Force Chair: Blacks Are Owed $1M Each, Homeless Should Be First in Line

Black Californians should each receive $1 million and black people who are homeless should be first in line, according to the state’s Reparations Task Force chair.

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