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Biden’s tax-hike plan would cost the US economy nearly 800K jobs

Maya McGuineas, chair of the Committee for a Responsible Federal Budget, outlines “three fundamental ways” Biden could reduce the national debt. President Biden has proposed various policies. tax increase Targeting corporations and wealthy Americans, the tax hike could weigh on an already fragile U.S. economy, according to the Tax Foundation. A study by the Tax […]

Joe Biden Faces Significant Problem on Economy with Young Voters

Recent polls show President Joe Biden is losing support among young voters concerned about economic hardship. Young voters who have recently graduated from left-leaning academic institutions are typically the demographic that overwhelmingly supports Democratic candidates. Biden won 61% of voters under 30 in 2020. Watch — CNBC’s Sullivan: Haves prefer Bidennomics to have-nots: The 2024 […]

‘Hardcore Pawn’ star Les Gold says economy leading to clientele pawning items

As the U.S. economy continues to slump during President Biden’s term, pawn shops across the country are seeing an increase in customers looking to pawn items rather than redeem them for cash, said former “Hardcore Pawn” star and Detroit pawn shop representative.・Mr. Gold told FOX News. Mr. Gold, who appeared on the popular show True […]

Powell: ‘No reason’ to think economy is close to recession

Federal Reserve Chairman Jerome Powell said Friday there is “no reason” to think the U.S. economy is approaching a recession. “Growth is strong,” Powell said at a news conference in San Francisco. “As I said, the economy is in good shape. There is no reason to think the economy is in or on the brink […]

Economy expanded faster than expected on boost from shoppers, strong job market

The U.S. economy grew faster than previously expected in the fourth quarter, boosted by strong consumer spending and business investment in non-residential buildings such as factories and medical facilities. A report released by the Commerce Department on Thursday also showed a solid increase in profits last quarter by non-financial companies. Increased profits and increased employee […]

BlackRock CEO Larry Fink tells a ‘tale of two parts of the economy’

BlackRock Chairman and CEO Larry Fink discusses the economic outlook on “Craman Countdown.” BlackRock CEO Larry Fink recognizes that many investors tend to live and work for the short term, but to explain the “two-part story” of the economy: chose a long-term perspective. “If you look at the credit market today, you don’t see businesses […]