Stimulus

U.S. Credit Card Debt Hits Historic High

US credit card debt inched close to a trillion dollars in the fourth quarter of 2022, the New York Federal Reserve Bank said in its quarterly report on household debt, released on Thursday.

GDP Report Reveals Ominous Great Depression Warning Sign Not Seen Since 1932

The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.

The Pain Isn’t Goin’ Away: Inflation Cost Households an Extra $10K

Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

Stimulus Update 2023: Here Are Six States Sending Payments Worth Up to $1,500 Next Year

Anyone living in these six states may be receiving some extra pocket cash sometime next year.

Government Paid $1.4B in COVID-19 ‘Relief’ to Wealthiest Firms Amid Economic Turmoil

Big law and accounting firms raked in $1.4 billion in taxpayer-backed COVID-19 "relief" loans from the federal government while regular people faced economic turmoil, according to a watchdog report obtained by the Washington Examiner.

Fed Hikes Interest Rates 0.75% As It Struggles Against Highest Inflation in Decades

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.

Americans Look For Inflation-Proof Investments as Financial Situations Deteriorate Ahead of Mid-Term Elections

It seems that every day continues to bring more bad news about the future of the economy and the state of Americans’ financial health.

Bezos Issues Dire Warning for U.S. Economy

Amazon founder Jeff Bezos has warned that the US economy may be headed for a recession as surging inflation is causing too much pain.

Biden Announces Release of More Oil From Strategic Reserve Ahead of Midterms

The White House announced on Tuesday that President Joe Biden would release 15 million barrels of oil from the Strategic Petroleum Reserve.

A Big Picture Look at the Disastrous Public Health Response to COVID-19

An underlying principle of public health is, or was, to provide the public with accurate information so that they can make good health choices for themselves and their community.

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