Yellen sees stronger labor market after US shakes off ‘shock’ from delta

Yellen sees stronger labor market after US shakes off ‘shock’ from delta

This post was originally published on this siteTreasury Secretary Janet Yellen said in a Wednesday interview that the U.S. economy is on still on track for a strong recovery from the “very unusual shock” of the pandemic despite labor shortages and high inflation.In an interview with MSNBC’s…

Read more
6.6 million Americans filed for unemployment, setting new record

6.6 million Americans filed for unemployment, setting new record

This post was originally published on this siteMore than 6.6 million Americans have filed for unemployment benefits last week, double the number of claims from the week before. Experts are saying next week’s numbers could be worse. Mark Strassmann reports.

Read more
New details on Democratic negotiations to trim back $3.5 trillion spending bill

New details on Democratic negotiations to trim back $3.5 trillion spending bill

This post was originally published on this siteAfter a series of meetings at the White House with lawmakers, new details are emerging about possible cuts to the $3.5 trillion spending bill, in areas like community college tuition and guaranteed paid family leave. Nancy Cordes reports from the White House.

Read more
Supply-Chain Crisis Fuels Latest Retreat From Globalization

Supply-Chain Crisis Fuels Latest Retreat From Globalization

This post was originally published on this siteNothing embodied the promise of globalization more than the humble supply chain, but that is now under siege, threatening to end an era of low costs and endless variety.

Read more
White House details plan to roll out Covid-19 vaccines for children ages 5 to 11

White House details plan to roll out Covid-19 vaccines for children ages 5 to 11

This post was originally published on this siteThe White House on Wednesday unveiled its plans to roll out Covid-19 vaccines for children ages 5 to 11, pending US Food and Drug Administration authorization.

Read more
House January 6 committee unanimously votes to hold Bannon in contempt

House January 6 committee unanimously votes to hold Bannon in contempt

This post was originally published on this siteBannon was ordered to appear before the committee last week, but his attorney said he was following the direction of the former president’s legal team to not provide documents or testify.

Read more
‘Big, big shifts’: How Biden’s civil rights pros have reoriented DOJ

‘Big, big shifts’: How Biden’s civil rights pros have reoriented DOJ

This post was originally published on this siteThe Justice Department’s Civil Rights Division has launched several major investigations under President Joe Biden, an aggressive start after years of neglect during the Trump-era.

Read more
White House under pressure to act on voting rights, but it’s not ready to blow up the filibuster

White House under pressure to act on voting rights, but it’s not ready to blow up the filibuster

This post was originally published on this siteThe White House is under mounting pressure to get results on voting rights legislation, but sources tell CNN the Biden administration still isn’t ready to try to jam it through the Senate by force — even though the Senate’s latest voting bill is...

Read more
Labor shortage, inflation pose political obstacles for Biden

Labor shortage, inflation pose political obstacles for Biden

This post was originally published on this siteMillions of Americans have yet to return to work after dropping out of the labor market amid the onset of the pandemic, posing serious political obstacles for President Biden as he rushes to cement his economic agenda. Though the U.S. economy…

Read more