Worldwide oil prices dropped roughly two percent on Monday after a comparable fall on Friday, driven by investor disappointment with the Chinese government’s weak economic stimulus plan.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that President Joe Biden had a strategy to win the 2024 race of “use fiscal stimulus to really turbocharge the election, you get these working-class voters coming to your
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen commented on President Joe Biden’s reported forthcoming announcement of increased tariffs on China by stating that the move is being made because President Joe Biden wants to protect “the
China’s manufacturing activity slowed again in November, casting a pall over what the state-run Global Times awkwardly dubbed “Xiconomics,” the economic agenda of dictator Xi Jinping.
On Friday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers Chair Jared Bernstein stated that the Biden administration has “many” policies that are designed to provide stimulus “as the fiscal stimulus from the pandemic-era responses fades.” And
Stocks and futures dropped across Asia, Europe, and the United States on Tuesday due to growing anxiety about the Chinese economy and the Communist regime’s refusal to deal honestly with its systemic problems.
Although Chinese Communist officials and regime media continue to insist the economy is fundamentally strong and merely experiencing a few bumps on the road to post-pandemic recovery, Beijing is reportedly “planning major steps” to revive a deeply ailing financial system, possibly including billions in fresh infrastructure spending and looser rules for property investment.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen said that the spending cuts and deficit reduction in the debt limit bill and the fact that “the deficit fiscal stimulus has declined” since the end of the coronavirus
During an interview with Bloomberg on Friday, White House Council of Economic Advisers member Heather Boushey argued that fiscal policy isn’t too loose because “we have seen those ongoing declines in the inflation rate” and a soft landing is “where
On Tuesday’s broadcast of CNN International’s “One World,” Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff stated that fallout like the collapse of Silicon Valley Bank (SVB) was the “inevitable” result of fiscal and monetary
Government stimulus payments during the coronavirus pandemic may have played a larger role than thought in fueling inflation.
On Friday’s broadcast of CNBC’s “Squawk Box,” Deputy Treasury Secretary Wally Adeyemo stated that inflation hasn’t just happened in the U.S., massive spending happened under the Trump administration, but when you look at pandemic spending, “you have to think about
During an interview with Bloomberg on Friday, Federal Reserve Bank of Kansas City President Esther George stated that despite fiscal stimulus and monetary policy creating lots of demand, “we are looking at still pretty low growth” due to constraints in
On Tuesday’s broadcast of “CNN This Morning,” Bank of America CEO Brian Moynihan stated that there was too much COVID stimulus, and “Now, we have to adjust to that decision. And that’s why you’re seeing the Fed tighten quick.” Moynihan
On Thursday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates “for the foreseeable future,” and said that inflation isn’t declining in part due to people still
On Monday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Sen. Bill Hagerty (R-TN) stated that Democratic energy policies have weakened the United States and contributed to inflation, and on top of that, Democrats have added “massive amounts
On Monday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Byron Donalds (R-FL) argued that appropriated stimulus money that hasn’t been spent yet has to be returned to the federal treasury because the federal government pouring more money onto
On Friday’s broadcast of “CNN Tonight,” U.S. Senate candidate Rep. Tim Ryan (D-OH) responded to House Majority Whip Rep. James Clyburn’s (D-SC) statement that “all of us knew” the American Rescue Plan would increase prices by stating that he didn’t
During an interview aired on Tuesday’s edition of Bloomberg’s “Balance of Power,” Sen. Mark Warner (D-VA) stated that the American Rescue Plan was “Absolutely” too large, but most of the COVID spending occurred under President Donald Trump and he would
On Friday’s broadcast of the Fox News Channel’s “The Story,” Biden Senior Adviser Gene Sperling responded to a question on what the administration is doing to help states on the border deal with the financial burden of the problems on
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the government “went too far in trying to mute the effects of the pandemic, too much stimulus” in
During an interview released on Monday’s edition of the “Fox News Rundown” podcast, Rep. Ro Khanna (D-CA) said that it is “undeniable” that stimulus checks sent out by former President Donald Trump and President Joe Biden had an inflationary impact,
On Wednesday’s broadcast of West Virginia MetroNews’ “Talkline with Hoppy Kercheval,” Federal Reserve Bank of Richmond President and CEO Tom Barkin stated that while fiscal and monetary stimulus was needed in early 2020, “if you look at 2021, there was still
During an interview aired on Thursday’s “CNN Newsroom,” Sen. Tom Carper (D-DE) stated that there is “a lot of good news” on the economy and that between the continued implementation of the infrastructure bill and the Democratic reconciliation package, “there’s
Gov. Gavin Newsom (D) and the Democrat-run state legislature struck a deal late Sunday to send cash rebates to California families to help them afford high gas prices. It is the third stimulus plan that California has enacted in less than two years.
On Friday’s broadcast of CNN International’s “Quest Means Business,” Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill
Swedes have voted that the European Union’s coronavirus fund was the biggest waste of Swedish taxpayer cash in 2021.
Democrats plan to spend large amounts of taxpayer cash in preparation for the 2022 midterms, a Tuesday report in the Washington Post outlined.
States across the country are using federal coronavirus stimulus payments for projects to fight so-called ‘climate change.’
Inflation is running at the highest level since 1982.
On Labor Day, Rev. Franklin Graham drew attention to the effect of coronavirus stimulus packages, describing them as “incentive not to work.”
The State of California will use federal “COVID relief” money to pay all of the back rent owed to landlords by qualifying residents during the coronavirus pandemic — plus electricity and water bills that may have gone unpaid.
The White House on Monday reminded Americans that families would start receiving direct cash payments in their bank accounts starting in July, as President Joe Biden continues to implement his coronavirus rescue package.
China’s state-run Global Times on Monday taunted the White House over the “alarming” and “disappointing” jobs report from April, suggesting the unexpectedly weak 266,000 jobs created “cast doubt over the recovery path of the world’s biggest economy.”
Gov. Gavin Newsom announced Monday that the state is projected to have a $38 billion discretionary surplus in 2021 — and that he wants to use it to expand the state’s stimulus program by sending additional checks to two-thirds of California residents.
The White House argued Friday that a signed letter sent by President Joe Biden’s administration to residents in the United States of America was “not about him.”
The direct stimulus payments that hit bank accounts across the U.S. in March increased incomes by a record amount—but much of it found its way into foreign coffers, pushing the trade deficit up to the highest level on record.
U.S. factory orders rose 1.1 percent in March, the Commerce Department said Tuesday. That was below the 1.3 percent increase expected by analysts but above the 0.8 percent contraction amid February’s harsh weather.
Excess household saving now totals around $2.3 trillion, calling into doubt the need for more government spending to support the economy
Los Angeles Mayor Eric Garcetti is set to propose a “universal basic income” pilot program for some residents of his city when he unveils his new budget on Tuesday, according to the Los Angeles Times. A year ago, the cash-strapped city was sending workers on furloughs due to anticipated budget shortfalls.
