A $78 billion package to revive an expansion of the child tax credit and expired business breaks has drawn bipartisan support in the House and Senate.
Category: Democratic Party
-
Even Most Biden Voters Don’t See a Thriving Economy
A majority of those who backed President Biden in 2020 say today’s economy is fair or poor, ordinarily a bad omen for incumbents seeking re-election.
-
McCarthy’s Ouster Adds to Market Jitters
Stocks and bonds have tumbled worldwide, with the 30-year Treasury bill hitting a 16-year high. Investors are worried about the economy’s health.
-
A Plot to Oust the House Speaker Hits Weary Investors
Matt Gaetz’s move to unseat Kevin McCarthy is adding volatility to equity and bond markets.
-
Wall Street’s Most Hated Regulator Faces an Existential Threat
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
-
Senate Committee Backs Bill to Deepen U.S. Economic Ties With Taiwan
Legislation to end double taxation between Taiwan and the United States is intended to spur semiconductor investment but is likely to rankle U.S. relations with China.
-
On the Economy, Biden Struggles to Convince Voters of His Success
Wages are up, inflation has slowed and the White House has a new slogan. Still, President Biden’s poor marks on the economy are making Democratic worried.
-
Eliquis and Jardiance Among First Drugs Picked for Medicare Price Negotiations
The Biden administration’s announcement was an important moment for Democrats, who have campaigned on a promise to lower the cost of prescription drugs.
-
Maui Fires Present a Huge Test for Hawaii’s Governor
Gov. Josh Green of Hawaii sees lessons far beyond the islands in the disaster that has unfolded on Maui.
-
Insie the Party Switch that Blew Up North Carolina Politics
Tricia Cotham, a Democrat who supported abortion rights, was encouraged to run for a state House seat by powerful Republicans. After she was elected, she joined them and delivered a G.O.P. supermajority.