Mr. Biden’s economic advisers, however, made the case that by resuming loan payments and pairing the loan forgiveness with income caps, the cancellation would have a negligible effect on rising […]
Biden, Joseph R Jr
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Back to news homeThink the Economy Is Hard to Predict? Try the Midterms.
Based on the economy alone, Democrats face a big problem in the midterm elections.Inflation has been extremely high and economic growth has been weak or even negative. That is a […]
How Frustration Over TikTok Has Mounted in Washington
In an interview, Mr. Beckerman called TikTok’s data collection “all very minor” compared with other social apps. To reduce security concerns, the app has said that it plans to store […]
Inflation Cooled in July, Welcome News for White House and Fed
Inflation cooled notably in July as gas prices and airfares fell, a welcome reprieve for consumers and a positive development for economic policymakers in Washington — though not yet a […]
Can Global Shipping Be Fixed? One Regulator Will Try.
Daniel B. Maffei is at once a crucial player in the campaign to subdue inflation, and a figure virtually unknown outside the confines of his wonky Washington domain.He’s the chairman […]
How This Economic Moment Rewrites the Rules
Indeed, the Federal Reserve is trying to cut it off. Jerome H. Powell, the Fed chair, has described the labor market, with twice as many open jobs as unemployed workers, […]
U.S. Economy Shows Another Decline, Fanning Recession Fears
A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession — or perhaps that one had already […]
Voters See a Bad Economy, Even if They’re Doing OK
The fastest inflation in four decades has Americans feeling dour about the economy, even as their own finances have, so far, held up relatively well.Just 10 percent of registered voters […]
Inflation Soared in June, Pinching Consumers and Challenging Policymakers
Prices surged 9.1 percent in June as consumers faced rapidly rising costs for gas, food and rent, a higher-than-expected reading and bad news for Americans at a moment when their […]
Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock
WASHINGTON — Relief at the gas pump coupled with this past week’s news that businesses continue to hire at a blistering clip have tempered many economists’ fears that America is […]