President Biden trained his criticism on House Republicans who are threatening to shut down the federal government if their budget cuts are not enacted.
Category: United States Economy
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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.
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What to Know About the Potential Autoworkers Strike
U.A.W. workers could strike as soon as Friday. The union and the carmakers remain far apart on wages.
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Auto Strike by U.A.W. Could Have Wide Economic Effects
An extended walkout by the United Auto Workers in a contract dispute could raise car prices and affect jobs at the companies’ suppliers.
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UAW Standoff Poses Risk for Biden’s Electric Vehicle Commitment
A looming auto industry strike could test the president’s commitment to making electric vehicles a source of well-paying union jobs.
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Wally Adeyemo, the Deputy Treasury Secretary, to Visit Nigeria
Wally Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, emigrated from Nigeria to the United States as a child.
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Inflation speeds up as gas prices climb, and some details could keep the Fed wary.
The Federal Reserve is likely to closely parse the inflation report released Wednesday, the last major data point before its Sept. 20 rate decision.
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Rising Gas Prices Provide Fodder for Republican Criticism of Biden
An expected jump in the latest inflation reading will almost certainly provoke broadsides from Republicans who hammered Mr. Biden over high gas prices throughout last summer.
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Pandemic Fraud May Have Robbed Unemployment Insurance of $135 Billion
As much as 15 percent in unemployment benefits paid during the pandemic could have been fraudulently obtained, according to a Government Accountability Office report.
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Poverty Rate Soared in 2022 as Aid Ended and Prices Rose
The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.
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Bharat Ramamurti, a Senior Biden Aide Who Helped Shape Economic Agenda, Is Leaving
Bharat Ramamurti supported the president’s competition agenda and pushed the administration to do more for student borrowers and salaried workers