Report: Sinema Digs In Heels To Oppose Corporate Tax Hike While Blocking Reconciliation

Report: Sinema Digs In Heels To Oppose Corporate Tax Hike While Blocking Reconciliation

This post was originally published on this site At least part of the standstill over Democrats’ $3.5 trillion reconciliation bill is still rooted in Sen. Kyrsten Sinema’s (D-AZ) refusal to up taxes on corporations and wealthy Americans, according to Insider.

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Inflation Sets Off Alarms Around the World

Inflation Sets Off Alarms Around the World

This post was originally published on this siteMore than a dozen central banks have raised interest rates but two that haven’t are those that loom largest over the global economy: the Federal Reserve and the European Central Bank.

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More than 10,000 John Deere workers go on strike in US

More than 10,000 John Deere workers go on strike in US

This post was originally published on this site More than 10,000 workers with Deere & Company launched a strike at 14 facilities across the United States Thursday after overwhelmingly rejecting a contract negotiated between the farm equipment company and union leadership. “Our members at John Deere strike for the ability...

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Fishing industry worries Biden offshore wind effort will cost jobs

Fishing industry worries Biden offshore wind effort will cost jobs

This post was originally published on this siteThe Biden administration’s push to expand offshore wind development is pitting advocates for commercial fishing against the renewable energy industry. The former is concerned about potential disruptions to their business, while the latter is…

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Consumer Spending Seems Steady Amid Supply Crunch

Consumer Spending Seems Steady Amid Supply Crunch

This post was originally published on this siteEconomists estimate that retail sales rose 0.5% last month, as U.S. consumers continue to spend despite supply constraints causing a shortage of vehicles and other goods.

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White House puts together climate finance strategy

White House puts together climate finance strategy

This post was originally published on this siteThe White House on Friday laid out a roadmap for how it will protect the economy from climate risks. In its “Roadmap to Build a Climate-Resilient Economy”, the Biden administration characterized climate-related risks as balling into two…

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The White House steps in to unclog the overwhelmed shipping industry

The White House steps in to unclog the overwhelmed shipping industry

This post was originally published on this siteGlobal supply chain issues have hampered the economic recovery. The Biden administration is trying to fix some of those issues through deals with the private sector.

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US unveils plans for seven major offshore wind farms

US unveils plans for seven major offshore wind farms

This post was originally published on this site The US government on Wednesday unveiled plans to build up to seven major offshore wind farms along the country’s coasts as part of its push to supply wind-generated energy to more than 10 million homes by 2030. Interior Secretary Deb Haaland made...

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Tight Labor Market Keeping Jobless Claims in Check

Tight Labor Market Keeping Jobless Claims in Check

This post was originally published on this siteEconomists estimate unemployment applications fell to near a pandemic low.

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U.S. to open borders to fully vaccinated travelers from Canada and Mexico

U.S. to open borders to fully vaccinated travelers from Canada and Mexico

This post was originally published on this siteNPR’s Steve Inskeep talks to Democratic Rep. Veronica Escobar of Texas about tourism coming back to her border district in El Paso once the border reopens to fully vaccinated travelers.

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