On Wednesday, the Federal Reserve raised interest rates by half a percentage point and announced a plan to reduce its bond holdings in an attempt to fight the ongoing inflation crisis that began shortly after Democrat President Joe Biden took office. “Wednesday’s move marked the Fed’s largest interest rate increase since 2000, and by shrinking
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Inflation numbers rose in March to their highest levels in more than 40 years, according to the newly released Consumer Price Index (CPI) report from the U.S. Bureau of Labor and Statistics.
As the inflation crisis continues, former Secretary of the Treasury Larry Summers for the Obama and Trump administrations condemned President Biden’s decision to extend the student loan moratorium, saying it will further
The Biden administration is reportedly planning to freeze federal student loan payments until August 31, extending a moratorium that was put in place at the beginning of the pandemic, a person familiar
President Biden’s budget for fiscal year 2023 would cause U.S. debt to “rise to record levels within a decade,” according to an analysis from the Committee for a Responsible Federal Budget, a
