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…

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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.

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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.

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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.

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Despite climate change promises, governments plan to ramp up fossil fuel production

Despite climate change promises, governments plan to ramp up fossil fuel production

This post was originally published on this site A new study by the United Nations shows that the world’s governments plan to carry on using coal, gas, and oil — despite promises made under the 2015 Paris Agreement to limit global warming. (Image credit: Tony Gutierrez/AP)

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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…

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Biden Holds Office Hours As Manchin Takes Axe To Reconciliation Bill

Biden Holds Office Hours As Manchin Takes Axe To Reconciliation Bill

This post was originally published on this site President Joe Biden is calling in factions of primarily House members to the White House today. The progressives are at 2:00 p.m., followed by the moderates a couple hours later. Sen. Kyrsten Sinema (D-AZ) will reportedly have a one-on-one earlier on Tuesday. Biden will...

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West Virginia’s reliance on coal is getting more expensive, and Joe Manchin’s constituents are footing the bill

West Virginia’s reliance on coal is getting more expensive, and Joe Manchin’s constituents are footing the bill

This post was originally published on this siteDuring the winter months in West Virginia, Felisha Chase pays more for her electricity than she does for her home.

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Big corporations that claim to support voting rights are still funding right-wing state AGs

Big corporations that claim to support voting rights are still funding right-wing state AGs

This post was originally published on this site Major corporations that have publicly touted their support for voting rights amid the nationwide Republican crackdown on ballot access are still funding many Republican state attorneys general who are working to scuttle federal voting rights legislation. Leaders of companies like General Motors,...

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Bus industry raises alarm, asks Congress for pandemic relief

Bus industry raises alarm, asks Congress for pandemic relief

This post was originally published on this siteOfficials representing the private bus industry fear it could disappear unless Congress steps in, a coronavirus pandemic casualty that would wreak havoc on intercity travel, school buses, tourism, military transportation and disaster relief.In 2020…

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