Americans fear economic fallout of default even if they're tuning out
"It is the bad taste in people's mouths from spiking gas prices ... that's affecting Biden's approval rating," an economist told Newsweek.
Washington Has Forgotten How To Stabilize an Economy
Beginning with the Great Recession, Washington's discretionary fiscal policy took on a lead role in economic stabilization.
Fact Check: Did Janet Yellen claim U.S. Inflation was "transitory"?
House Speaker Kevin McCarthy took aim at the treasury secretary during a press conference addressing the debt ceiling.
Social Security benefits are being eroded under Joe Biden
Soaring inflation in recent years has "deeply weakened" the buying power of Social Security benefits, according to The Senior Citizens League.
How Marianne Williamson, RFK Jr. compare to Biden on 6 key issues
Democratic presidential candidates are taking opposing positions on issues including immigration, the Russia-Ukraine war and inflation.
Housing market could be thrown into disarray
Interest rate hikes triggered by a U.S. default "would literally crush the housing market in the U.S.," former FHA commissioner David Stevens told Newsweek.
Millions eligible to receive stimulus checks this month in these states
Some states are offering payments to residents to help them stay afloat as inflation stays high.
Florida's housing market is keeping Republican billionaire in California
PayPal co-founder Peter Thiel said monthly mortgage payments in Miami have quadrupled over the past three years.
One sentence missing from Fed statement puts focus on future interest rate
Fed Chair Jerome Powell said the "meaningful change" shows that the Fed is no longer anticipating future hikes, but he stopped short of pausing increases.
Investors bet on Fed raising interest rates after First Republic failure
The collapse of First Republic means that three of the four largest bank collapses occurred in 2023.
Fact Check: Did Biden raise "tax burden" for Americans earning $20,000?
A recent post on social media by RNC Research suggested that families earning $20,000 would be hit by a Biden "tax burden."
Man shares his iconic response to HR work survey: "Said it was anonymous"
"I'm in a toxic company that constantly make employees surveys, I'm stealing this idea," wrote one impressed Reddit user.
Joe Biden and Donald Trump's staggering reversal of fortunes
Biden looks set to fight a second term, despite his age, while the energized Trump is mired in legal woes.
Biden nominee puts spotlight on his greatest economic mistake
Jared Bernstein faced questions from Republican senators over his past stance that inflation would be "transitory" following the COVID-19 pandemic.
Joe Biden eyes inflation win from across the Atlantic
Figures released by the U.S. Bureau of Labor Statistics on Wednesday are expected to show that inflation eased in March to its lowest level for two years.
Las Vegas tops nation as eviction crisis spreads across America
Filings in some cities more than doubled in 2022 with pandemic protections ending. Rent prices have tenant advocates fearing it will only get worse.
Disney World's precarious position in Florida
From a ideological battle with Governor Ron DeSantis to agreeing to pay thousands of workers more money, is Walt Disney World's future safe?
Egg producers accused of price gouging after 718% profit revealed
Politicians as well as angry members of the public are asking for more scrutiny on companies enjoying greater revenues from rising costs.
Helping People Pay Their Sky-High Water Bills Is a SNAP
U.S. water utility prices have been rising faster than general inflation, driven in large part by a need to replace and update aging infrastructure. New regulations to remove "forever chemicals" from drinking water will surely drive costs even higher.
Who's To Blame for the Silicon Valley Bank Crisis?
Silicon Valley Bank was not just the second largest bank failure in the nation's history. It was also a harbinger of things to come.
Jerome Powell puts Biden at odds with Democrats
The Federal Reserve raised interest rates for the ninth consecutive time on Wednesday.
Red-lined text shows how Fed's statement changed after banking crisis
The central bank's rate-hike announcement shifted away from words like "ongoing increases" toward "some additional firming."
Over 80 percent of millennials regret buying first home in 2023: Report
Many of the millennials surveyed said that their interest rates are too high.
Jerome Powell on the horns of dilemma of the Federal Reserve's own making
Ahead of the FOMC's interest rate decision, Federal Reserve chief Powell faces a banking crisis and the need to tackle high inflation.
Mark Zuckerberg warns about economy as Meta lays off 10,000 employees
The additional layoffs come after the company announced 11,000 layoffs in November.
SVB collapse leaves Joe Biden in lose-lose situation
U.S. authorities have stepped in to protect deposits in Silicon Valley Bank following a run on the bank last week.
What inflation data means for the economy after SVB collapse
Inflation reached 6 percent in February, slowing down for the eighth month in a row.
Biden wants to send Americans more checks
If President Joe Biden's 2024 budget is approved, parents could see more money issued by the government.
To Tame the Debt and Inflation, We Need to Increase Taxes
Inflation remains high and tax increases are a great way to fight it.
Stock Buybacks Help No One in the Long Term
Buybacks allow companies to send profits to shareholders instead of investing in their businesses, workers, and communities.