Those searching for an explanation of why there was no “red wave” giving Republicans huge gains in Congress in this year’s midterm election should compare this year’s election with the midterm election of 2010.
Consumer prices continued to climb in October as the pace of overall inflation held at the level hit a month earlier and underlying inflation excluding food and fuel slowed.
The U.S. economy added 261,000 new jobs in October, down from the upwardly revised 315,000 in September, according to the Bureau of Labor Statistics...
The Federal Reserve launched another sortie against the fastest inflation in four decades on Wednesday, approving the fourth straight supersized rate increase and signaling more increases were likely in the months ahead.
Many experts expect public anger over inflation to enable Republicans to regain a majority in the US House of Representatives and maybe the Senate in next week’s midterm elections.
Republicans on the House Oversight Committee say the Department of Health and Human Services’ new office dealing with climate change and "health equity" is a taxpayer boondoggle and are demanding to know how the office plans to spend $3 million that the Biden administration is requesting to fund it.
U.S. business activity contracted for the fourth straight month in October, and the economic downturn “gathered significant momentum,” S&P Global said on Monday, while the White House touted low unemployment rates and credited President Joe Biden’s economic agenda for a “historically strong” economic recovery.
