Republicans generally expected higher inflation than Democrats throughout President Joe Biden ’s presidency, according to the University of Michigan’s monthly consumer sentiment survey. Still, from mid-2021 on, members of both parties said they thought prices would climb faster than the Federal Reserve’s annual target of 2 percent.
To save taxpayer money and rebuild the economy, Congress should repeal Biden's poorly named Inflation Reduction Act
Trump and his GOP allies are readying an ambitious agenda that includes increased deportations of immigrants, higher tariffs on imported goods from Mexico, Canada and China, as well as extending some of the 2017 tax cuts that are set to expire at the end of the year.
The return of President Donald Trump, alongside a Republican-controlled Congress, raises a critical question: Will the Inflation Reduction Act be killed or merely maimed? The answer lies with those GOP representatives; specifically, 32 of them.
President Donald Trump’s administration issued a memo Monday ordering widespread federal assistance to be temporarily paused, as Trump and his allies have argued he can block government funds that Congress has already authorized, despite a federal law forbidding it.
President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday.
As they gather this week at President Donald Trump's Miami resort, House Republicans face a host of tough decisions.
Despite all the discussion of spending cuts under the new unified GOP control in Washington, two words that President Trump did not utter even
Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax cuts Donald Trump promised, complicating the path to passage with the party’s already tenuous majority.
Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic nominee in place ahead of a daunting GOP push to enact Trump’s
Finance experts discuss how Trump's tax cuts and deregulation plans could impact businesses, banks, and inflation under the new administration.
Some Democrats view Big Tech’s rightward lurch as a political crisis, one brought on by their own party’s policy mistakes. In this account, Democrats needlessly alienated a powerful industry by embracing an anti-corporate economic agenda that is both politically costly and substantively misguided.