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. In March 2022 alone, inflation rose 1.2%, outpacing economists’ expectations and greatly exceeding the 0.8% increase in February 2022. On an annual basis,
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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
During Thursday’s press briefing, White House Press Secretary Jen Psaki was questioned by Fox News White House Correspondent Peter Doocy on her repeated claims over the last year that inflation was “transitory”
