Economy

Wage growth remains high, jobs are steady and inflation is falling so why are people worried?

BY: - June 22, 2023

Economists have been predicting a recession for months, but the labor market has remained resilient, wage growth is higher than before the pandemic, and inflation continues to drop, now at 4% compared to 9.1% in June of last year. Despite this good news, consumers don’t feel confident about the future, according to the consumer confidence […]

D.C. spending standoff ahead as U.S. House Republicans demand $130 billion in cuts 

BY: - June 14, 2023

WASHINGTON — U.S. House Republicans outlined Wednesday how they would cut $130 billion from the dozen annual government funding bills — producing a plan with significantly lower spending than the level both parties agreed to in the debt limit deal just two weeks ago. The spending levels likely set up a stalemate later this year […]

U.S. House Democrats push for congressional hearing on child labor violations

BY: - June 12, 2023

WASHINGTON — Top Democrats on the U.S. House Education and Workforce Committee are urging Republican Chair Virginia Foxx of North Carolina to hold a hearing this month on the uptick in child labor violations. Democratic Reps. Bobby Scott of Virginia, the ranking member of the committee, and Alma Adams of North Carolina, the ranking member […]

Effects of climate change on farming, federal spending explored by U.S. Senate panel

BY: - June 10, 2023

WASHINGTON — U.S. senators on the Budget Committee dug into the impacts of climate change on farming during a Wednesday hearing, raising concerns about what the next few decades hold for food production and the way of life. But Republicans and representatives of farm groups pushed back against increased government regulation. Brent Johnson, president of […]

Low fertility rates, high housing prices mean fewer children in most states

BY: - June 5, 2023

Thirty-five states have fewer children than they did five years ago, a situation caused by declining birth rates nationwide, but also by young families migrating across state borders in search of cheaper housing. Even in the 15 states that gained children, all but North Dakota experienced greater growth in the adult population, meaning children now […]

U.S. House approves debt limit package, sending it to Senate days before default deadline

BY: - June 1, 2023

WASHINGTON — The U.S. House took a broadly bipartisan vote Wednesday night on the debt limit package, sending it to the U.S. Senate where lawmakers are expected to vote quickly to clear the measure. The bill would suspend the nation’s borrowing limit through Jan. 1, 2025 and set caps on discretionary spending for two years. […]

New work requirements for some SNAP recipients included in debt limit deal

BY: - May 30, 2023

WASHINGTON — The holiday weekend debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy preserves in part new work requirements for some food stamp recipients but now with exceptions for certain populations, including veterans. The agreement released late Saturday night showed concessions from both sides — from GOP members, who wanted […]

Biden student debt relief plan revoked in U.S. House vote

BY: - May 24, 2023

WASHINGTON — The U.S. House on Wednesday voted to overturn the Biden administration’s one-time student debt relief plan that is currently on hold awaiting a Supreme Court decision expected within weeks. Before the 218-203 vote on the resolution, the White House said President Joe Biden would veto it, arguing that the U.S. Department of Education has the legal authority […]

After years of bipartisan spending boosts, U.S. House GOP won’t lift debt ceiling without cuts

BY: - May 24, 2023

WASHINGTON — Republicans and Democrats in Congress together brokered dozens of debt limit agreements, including several during the past decade, marked by a desire in both political parties to increase federal spending. But U.S. House Republicans now are pushing for the federal government to spend less next year than it will this year in order […]

Progressives try to persuade Biden to use the 14th Amendment to resolve debt crisis 

BY: - May 23, 2023

WASHINGTON — Progressives are pushing hard for President Joe Biden to take the unprecedented step of invoking the 14th Amendment as a way to avoid financial calamity if the White House and House Speaker Kevin McCarthy do not strike a deal on the debt ceiling in the coming days. The lawmakers and legal scholars argue […]

Biden says he’s offered $1 trillion in spending cuts but GOP won’t budge on debt limit

BY: - May 21, 2023

WASHINGTON — President Joe Biden said Sunday his administration has offered $1 trillion in spending cuts as part of the ongoing talks with Republicans around a budget agreement, but he said no deal has yet been reached. Biden, speaking from Japan during a press conference following the G7 summit, said his administration wants House Speaker Kevin […]

Overhaul federal permitting as part of the debt limit deal? Not as easy as it sounds.

BY: - May 18, 2023

Congressional leaders negotiating a deal to avoid a catastrophic default on the nation’s debt are talking about including an overhaul of how the federal government reviews projects for their environmental impact. There is bipartisan support for changes to the lengthy environmental approval process among climate-minded Democrats eager to speed construction of renewable energy projects, as […]