NBC News released a new poll on Sunday that found 74 percent of Americans believe the country is on the wrong track — the highest number in the history of its survey. It also found that, while President Joe Biden’s approval had ticked up to 42 percent, his disapproval had also increased to 55 percent.
Congress has passed the Inflation Reduction Act. President Biden says this is a success story, in part because it will reduce the deficit by $305 billion over the next decade. IRA mainly reduces the deficit by raising taxes and regulating drug prices; the act increases federal spending and subsidies by nearly half a trillion dollars
The CHIPS and Science Act is a result of something exciting on Capitol Hill: a productive discussion about the next generation of American research that prioritizes investment in science. In addition to the $54 billion for semiconductor innovation, manufacturing, and research and development, it is thrilling to see a bipartisan majority in Congress step up
For years, the political class and some in the media have convinced themselves that Latinos are a monolithic voting bloc. Both political parties have bought into this narrative. One side takes the community for granted, the other thinks Latinos are a lost cause. But not everyone is convinced, including many Latinos who have never voted,
The Consumer Price Index (CPI) has been increasing at close to a 5 percent annual rate. The Federal Reserve just announced its plans to begin tapering its bond purchases—essentially scaling back an economic stimulus—later this month, but the market is not expecting it to aggressively fight inflation by raising interest rates until the middle of next year. Politics
Headline after headline during recent months has centered on the fight to raise the nation’s debt ceiling. Many emphasized a potential doomsday scenario that could unfold if the limit isn’t lifted or suspended by October 18. It’s gotten so bad, the Biden administration is even looking into what it would do if the impasse can’t be averted. This fight,