President Joe Biden’s approval rating is on the decline as he faces a key moment in Congress for passing large parts of his agenda, according to a new poll.
On Monday, Elon Musk became the third person ever to amass a fortune worth $200 billion, according to Forbes, surpassing Amazon founder and rival space billionaire Jeff Bezos in the process. Reached for comment by Forbes, Musk took a celebratory crack at Bezos.
The 45th president has called on congressional Republicans to stop Democrats from passing their spending packages. Donald Trump released a statement Monday, noting the Democrat proposed so-called infrastructure bill allocates only 11 percent to actual infrastructure.
“It’s going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week.
President Biden’s big government legislative agenda will kill 5.3 million jobs and generate $4.5 trillion in debt, according to a Monday study by the Texas Public Policy Foundation.
Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.
The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year.
