Inflation is at 30-year highs. Here’s how it’s hurt past presidents

Inflation is at 30-year highs. Here’s how it’s hurt past presidents

This post was originally published on this site One of the lessons from inflationary eras past is that voters are less interested in causal responsibility than in forcing a change. In other words, if you are in office now, you are holding the bag. (Image credit: Denver Post/Denver Post via...

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Top Republican warns Biden against picking Brainard for Fed chair

Top Republican warns Biden against picking Brainard for Fed chair

This post was originally published on this siteSen. Pat Toomey (Pa.), the top-ranking Republican on the Senate Banking Committee, on Thursday warned President Biden against picking Lael Brainard to serve as the next chair of the Federal Reserve, signaling a Senate fight over her nomination if…

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Migrants fear ruse behind Mexican residency offer

Migrants fear ruse behind Mexican residency offer

This post was originally published on this site Immigration agents lined a highway in southern Mexico offering hundreds of migrants temporary residency if they abandoned their march. Exhausted, some accepted, while others kept going, afraid of being deported. The offer of residency cards has split opinion and sowed suspicion within...

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US may default before Christmas if debt ceiling isn’t raised: analysis

US may default before Christmas if debt ceiling isn’t raised: analysis

This post was originally published on this siteThe federal government has a 50/50 chance of defaulting on the national debt if lawmakers don’t raise or suspend the borrowing limit before they leave the Capitol for Christmas, according to projections released Wednesday.The Bipartisan Policy…

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Biden wants to give the IRS more money to chase wealthy tax cheats. Will it work?

Biden wants to give the IRS more money to chase wealthy tax cheats. Will it work?

This post was originally published on this sitePresident Joe Biden is looking to pump $80 billion into the IRS to help the agency target rich tax evaders and pay for his Build Back Better plan.     

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Panel to question controversial Biden nominee for top bank regulator

Panel to question controversial Biden nominee for top bank regulator

This post was originally published on this sitePresident Biden’s pick to lead a top bank regulator will likely face a tough confirmation hearing in front of a Senate panel Thursday amid backlash about her views on banking, history as a scholar and her education in the Soviet Union. Cornell…

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Americans aren’t feeling relief from Biden’s big Washington victory

Americans aren’t feeling relief from Biden’s big Washington victory

This post was originally published on this siteIf it was just about selling Americans on the infrastructure law, Democrats might have a hope.

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Biden set to revive US-Mexico-Canada summit

Biden set to revive US-Mexico-Canada summit

This post was originally published on this sitePresident Joe Biden plans to focus on migration, the Covid-19 pandemic and economic integration when he convenes a summit of North American leaders at the White House on Thursday.

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Biden Climate Push Prompts Concerns About Investments in China

Biden Climate Push Prompts Concerns About Investments in China

This post was originally published on this site A U.S. agency formed to counter China’s economic expansionism is facing pressure from the Biden administration to ramp up investments in solar energy projects, including ones that source materials from China, prompting concerns from Republican lawmakers that taxpayers may be funding an...

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Biden asks FTC to ‘immediately’ look into whether illegal conduct is pushing up gas prices

Biden asks FTC to ‘immediately’ look into whether illegal conduct is pushing up gas prices

This post was originally published on this sitePresident Joe Biden asked the Federal Trade Commission on Wednesday to “immediately” investigate whether illegal activity by oil and gas companies is pushing up gas prices.

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