Jane Fonda Endorses Kamala Harris on Day of Economic Meltdown
Actress Jane Fonda endorsed Vice President Kamala Harris for president on climate and environmental issues on Monday, in the wake of the economic collapse. “Today, I am proud to endorse Kamala Harris as the next president of the United States, not only because Donald Trump would be a complete disaster for our democracy and our […]
Biden-Harris Economic Aide Leaves for Campaign as Stocks Plunge, Recession Fear Takes Hold
Gene Sperling, a senior Biden-Harris economic adviser, left the White House on Monday for a campaign trip, the same day that U.S. stocks plummeted and fears of an economic recession became apparent. Sparring is departure Sperling will become a senior economic adviser to Harris’ presidential campaign policy team. He served under Presidents Bill Clinton and […]
Economic recession on the horizon amid upcoming presidential election
Show more Charles Gasparino Could an economic “black swan” recession upend the November election? Even before Friday’s surprisingly worrying jobs report (unemployment rose to 4.3% and the Dow Jones Industrial Average fell 610 points following the hiring slowdown), some experienced market analysts and economists had been telling me that something like this could happen. They […]
Consumer Confidence Gets A Boost As Economic Optimism Grows
American consumers are becoming a little more optimistic about the economy. The Conference Board’s index rose to 100.3 from a revised June reading of 97.8, a slight increase but still below pre-pandemic levels and not enough to lift mood overall. The outlook for the next six months has brightened, reaching 78.2, the highest since January, […]
Reeves accuses Hunt of £22bn lie; nonsense, he says. What’s the truth? | Economic recovery
Rachel Reeves has accused her outgoing Chancellor Jeremy Hunt of lying about the state of the national finances when he inherited a Labour government, a claim which Mr Hunt dismissed as “utter nonsense”. What’s the problem? Since Reeves took office, an audit carried out by the Treasury has found that government departments are likely to […]
‘Runway Must Be Running Out’: Massive Government Spending Propping Up Economic Growth, Experts Say
Continued high levels of government spending under the Biden administration have supported U.S. economic growth in the second quarter of 2023, economists told the Daily Caller News Foundation. Real gross domestic product (GDP) grew 2.8% in the second quarter of 2024, well above the 2.1% growth economists had expected. according to According to the Bureau […]
Rachel Reeves to delay some of Tories’ ‘unfunded’ road and hospital projects | Economic policy
Finance Minister Rachel Reeves will on Monday delay several “underfunded” roads and hospital projects and promise an above-inflation public sector pay rise as part of the Treasury’s plans to plug a £20 billion spending gap left by the Conservatives. The Chancellor is expected to argue in his financial audit report to the House of Commons […]
Interest Rate Tightening Will Cause Even More Economic Destruction
Federal Reserve policies attempting to promote economic and price stability are a major cause for the recent acceleration in consumer prices. According to popular thinking, the central bank is supposed to promote both steady economic growth and price stability, the economy is perceived as a spaceship that occasionally slips from stability to instability. Supposedly, when […]
Economic Crisis Claims Another Victim As More Than 130 Pizza Hut Locations File For Bankruptcy
Pizza Hut franchisee EYM Pizza LP filed for Chapter 11 bankruptcy protection on Monday. The lawsuit in the Eastern District of Texas could result in the closure of about 140 Pizza Hut locations across the South and Midwest. according to To NRN: EYM apparently owes Manufacturers Bank more than $21 million and Pizza Hut itself […]
US Economic Growth Beats Expectations In Second Quarter
The US economy grew by 2.8% According to gross domestic product (GDP) statistics released by the Bureau of Economic Analysis (BEA) on Thursday, the global economy is expected to recover in the second quarter of 2024. Growth in the first quarter of 2024 was low, but growth in the second quarter was 1.4% After being […]