How many times have you heard President Joe Biden or Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) berate the Trump tax cuts as “a giveaway to the rich”? Biden and congressional Democrats now want to let expire major planks of the Tax Cuts and Jobs Act of 2017, former President Donald Trump’s signature domestic
China’s population shrank for the first time in decades last year as its birthrate plunged, official figures showed Tuesday, adding to pressure on leaders to keep the economy growing despite an aging workforce and at a time of rising tension with the U.S. Despite the official numbers, some experts believe China’s population has been in
Troubles are coming to the Chinese economy not as single spies but in battalions. The good news is that this should help reduce our inflation rate. The bad news is that trouble in the Chinese economy heightens the risk of a meaningful U.S. and world economic recession. The Chinese economy was in trouble even before
Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections. Powell suggested that the Fed may decide in coming months to slow its aggressive interest rate increases. Yet he also made clear that
The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month. In the midst
Arizona’s unemployment rate fell to 3.3% in March, the lowest rate in almost a half-century, according to numbers released Friday by the Bureau of Labor Statistics. The White House said Arizona was one of 17 states whose jobless rates hit “historic lows” in March, as the U.S. economy claws its way back from the pandemic.