Senate Democrats are poised to blow past their Wednesday deadline to finish the $3.5 trillion social welfare bill, raising fresh doubts about the party’s ability to hold together and put the bill onto President Biden’s desk.
Inflation continued to surge in August, but appeared to settle at nearly the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Tuesday.
A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.
There’s a growing realization among Democrats that their plans for a $3.5 trillion spending package to reshape the nation’s social safety net and to tackle climate change will have to be slimmed down because of anxious centrists worried about the 2022 midterms.
Optimism among small business owners has plummeted as Democrats race to raise taxes amid rising inflation, according to a new poll by a right-leaning...
The president earlier signed executive orders mandating that all federal workers get vaccinated if they want to keep their jobs. Another order signed by the president requires private federal contractors and sub-contractors to vaccinate their employees as well, with an additional mandate reported to be still in the works.
US gasoline prices, retailing at seven-year highs above $3.15 per gallon due to peak seasonal demand and outages from Hurricane Ida, are expected to fall to under $3 by the fourth quarter of this year, the Energy Information Administration (EIA) said on Wednesday.
