Former White House economist warns Biden’s budget catalyzes an ‘economic disaster’
Economist Kevin Hassett examines President Biden’s 2025 budget proposal on “The Finish Line.” A former White House economist is angry about President Biden’s latest fiscal plan: increased taxes, benefits and a life in debt instead of the American Dream. “This budget is just amazing,” former Council of Economic Advisers Chairman Kevin Hassett said Monday on […]
72% of High Earners Fear Losing Job to AI, Economic Woes
A new survey reveals that the technology industry’s relentless wave of layoffs and the rise of AI are causing widespread job security fears among American workers. More than 72% of Americans making more than $150,000 a year fear losing their jobs to AI and other sources of economic uncertainty, and even 50% of Americans making […]
Q4 economic growth spares Japan from recession
Japan’s economy, which had previously shown contraction, managed to grow in the fourth quarter of last year and avoid recession, according to revised government statistics released on Monday. Real gross domestic product (GDP) grew at an annualized pace of 0.4% in the October-December period, rather than contracting by 0.4%, according to the Cabinet Office. Real […]
The next steps for Biden’s Indo-Pacific Economic Framework
The Biden administration has launched Indo-Pacific Economic Framework for Prosperity In May 2022, we committed to 13 partner countries high-level commitments to deepen U.S. engagement in Asia-Pacific trade, supply chains, clean energy, and graft destruction. But on the most politically and economically important aspect of the framework, the trade pillar, Washington’s partners received a terrible […]
February’s Jobs Numbers Are an Economic Rorschach Test
What you take home depends on what you bring in. Employment statistics for February are as follows: economical rorschach test. What you see in the ink blot released by the Department of Labor depends largely on what you were already trying to see. Nonfarm payrolls rose by 275,000 in February, easily beating consensus expectations and […]
New York Times Fact-Checks Biden’s Economic Claims 6 Times
of new york times conducted six fact checks on President Joe Biden’s outlandish economic claims during Thursday’s State of the Union address. Biden attempted to use his State of the Union address to talk about the alleged successes of “Bidenomics,” but many of the alleged successes that Biden touted were context was missingby times. Fact […]
‘We’re doing the best of anybody’: Powell delivers sunny economic outlook to Congress
Fed Chairman Jerome Powell sounded upbeat about the outlook for the U.S. economy during two days of testimony on Capitol Hill, during which he said little about the risks of a recession and expressed little concern about a recession. Gone. “The economy is healthy, sustainable, growing at a solid and strong pace,” Powell said at […]
As China’s influence grows, India and Japan agree to increase security, economic ties
The foreign ministers of Japan and India agreed on Thursday to step up security and economic cooperation as the two Asian countries seek to strengthen ties in the face of China’s growing influence in the region. Japanese Foreign Minister Yoko Kamikawa, in a joint press conference after meeting with Indian Foreign Minister Subrahmanyam Jaishankar, said […]
Biden planning to tout economic agenda in State of the Union
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed is not ready to start cutting interest rates “coast to coast.” President Biden will deliver his third State of the Union address Thursday night, trying to convince Americans he deserves another four years in office. The high-profile speech came amid […]
Economic problems are Americans top issue on Super Tuesday: poll
Voters will head to the polls on the biggest primary day of the 2024 cycle with one issue in particular in mind: the state of the U.S. economy. According to a monthly Gallup poll, about one-third of Americans think the economy is the most important issue facing the country today. This includes 12% of voters […]