Spending

Bank of America Forecasts a Recession This Year With Economy Shrinking 1.4%

Bank of America has downgraded its expectations for the economy this year to include a “mild recession.”

House Proposal Will Hike Taxes on Lower- And Middle-Income Americans: Bipartisan Congressional Panel

Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT).

Americans’ Inflation Forecasts Hit Another Record High

Americans’ short-term inflation expectations continue to rise, according to June survey results released on Monday by the Federal Reserve Bank of New York.

NEA Proposal to Replace ‘Mother’ With ‘Birthing Parent’ Dies

It turns out the National Education Association won’t be replacing “mothers” with “birthing parents,” at least not this year.

White House Report Card: Biden Stuck in Neutral

This week’s White House Report Card finds President Joe Biden tripping his way through a week of clashing headlines.

Abortion Access Tops House Agenda as Congress Returns From Recess

Lawmakers start shuffling back to Washington on Monday after a two-week break and will commence the first round of legislative business since the Supreme Court overturned nationwide abortion rights.

75 Percent of ‘Poorly Targeted’ $800 Billion PPP Money Sent to Unintended Recipients: Study

A multi-billion-dollar pandemic-era stimulus program meant chiefly to help small businesses keep staff on the payroll and hire back laid off employees was poorly...

DeSantis Effect: At $21.8 Billion, Florida Records Highest Surplus in State History

The state of Florida saw a surplus of $21.8 billion for the 2022 fiscal year, the highest in state history and more than 21% higher than the state's spending plan, Gov. Ron DeSantis said Thursday.

Japan’s Conservative Ex-Prime Minister Assassinated

Former Prime Minister Shinzo Abe was assassinated Friday on a street in western Japan by a gunman who opened fire on him from behind as he delivered a campaign speech — an attack that stunned the nation that has some of the strictest gun control laws anywhere.

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