Inflation is racking the US economy, and voters blame President Biden. Twice as many people think his actions are hurting the economy as helping, and nearly half think his policies will push inflation even higher, a poll shows.
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.
US retail sales grew by 0.3% in November, down October’s growth of 1.7%, amid an inflation spike that has raised prices of all products, Commerce Department data showed on Wednesday.
Joe Biden has shattered a record most presidents never hope to approach: November marked a 9.6% year over year inflation rate for whole sale prices, the highest recorded in U.S. history.
The Congressional Budget Office (CBO) released an analysis on Friday estimating that President Joe Biden's 'Build Back Better' (BBB) plan could increase the federal deficit by $3 trillion over the next decade if the proposed programs are made permanent, according to CNN.
Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.
After three successful home sales, Daniel Edwin and his wife were getting ready to sell again, but this time, the Atlanta couple knew they didn’t want to go the traditional route.
