Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
Posted inBiden, Joseph R Jr Consumer Behavior Federal Budget (US) Federal Reserve System House of Representatives Inflation (Economics) Interest Rates Powell, Jerome H Republican Party Stimulus (Economic) Supply Chain United States Economy United States Politics and Government

Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.

Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Don’t Call It a Bailout: Washington Is Haunted by the 2008 Financial Crisis
Posted inBanking and Financial Institutions Bear Stearns Cos Biden, Joseph R Jr Bush, George W Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Emergency Economic Stabilization Act (2008) Federal Deposit Insurance Corp Federal Reserve System Lehman Brothers Holdings Inc Obama, Barack Regulation and Deregulation of Industry Stimulus (Economic) United States Economy United States Politics and Government

Don’t Call It a Bailout: Washington Is Haunted by the 2008 Financial Crisis

The colossal bailouts after the 2008 collapse arguably saved the global economy, but they also provoked a ferocious popular backlash.
U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
Posted inFederal Budget (US) Inflation (Economics) Law and Legislation National Debt (US) Stimulus (Economic) Tax Credits, Deductions and Exemptions United States Economy United States Politics and Government Veterans

U.S. on Track to Add $19 Trillion in New Debt Over 10 Years

Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.