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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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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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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Democrats’ Divide: Should Obama-Era Economic Ideas Prevail in 2021?

Democrats’ Divide: Should Obama-Era Economic Ideas Prevail in 2021?

This post was originally published on this siteA more traditional view is competing against a newer approach that has become mainstream among economists.

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White House dials up ‘urgency’ as Biden meets with Democrats on economic bill

White House dials up ‘urgency’ as Biden meets with Democrats on economic bill

This post was originally published on this siteThe White House is holding a series of meetings this week to pressure Democrats to resolve their differences and reach a deal on the sweeping economic policy bill.

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Senate GOP signals they’ll help bail out Biden’s Fed chair

Senate GOP signals they’ll help bail out Biden’s Fed chair

This post was originally published on this siteRepublicans are signaling that they will help bail out Jerome Powell if he’s renominated to lead the Federal Reserve, amid opposition and skepticism from progressives.  The burgeoning fight over who will lead the nation’s central bank…

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The supply chain fiasco

The supply chain fiasco

Supply chain issues are making it harder to fill shelves and get a variety of products into the hands of consumers. Here’s what you need to know.

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Rising prices and empty store shelves spell danger for Biden and Democrats

Rising prices and empty store shelves spell danger for Biden and Democrats

This post was originally published on this siteJoe Biden’s struggle to make America normal again after the pandemic is proving to be far more protracted and complicated than first thought, which has enormous political implications for the President and his party.

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Report: Sinema Digs In Heels To Oppose Corporate Tax Hike While Blocking Reconciliation

Report: Sinema Digs In Heels To Oppose Corporate Tax Hike While Blocking Reconciliation

This post was originally published on this site At least part of the standstill over Democrats’ $3.5 trillion reconciliation bill is still rooted in Sen. Kyrsten Sinema’s (D-AZ) refusal to up taxes on corporations and wealthy Americans, according to Insider.

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