Bipartisan bill addresses technology issues with China. The Endless Frontier Act introduced by Senate Majority Leader Chuck Schumer of New York and Senator Todd Young of Indiana is…
Read MoreEconomy
White House Responds to Economic Growth
Chair of Economic Advisors expresses cautious optimism. This past week, the latest economic reports of Gross Domestic Product, Personal Income, and the Employment Cost Index were released. The…
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Corporate Tax Plan Unveiled
It would pay $2 trillion toward spending packages. On Wednesday, Treasury Secretary Janet Yellen introduced a plan to pay for the president’s $2 trillion spending package by raising…
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Administration Sued by 13 States Over Relief Plan
They allege that spending restrictions are “overreaching.” Thirteen state attorneys general sued President Biden’s administration over an element of the recently enacted $1.9 trillion coronavirus relief law that…
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Jobless Rate Rises Over Prior Week
Total number on unemployment at 18.2 million. The Labor Department announced on Thursday that the number of those seeking unemployment benefits for the first time had risen to…
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President Announces Infrastructure Plan
$2 trillion plan would be on the scale of the new deal. On Wednesday, President Biden delivered a message from Pittsburgh unveiling his administration’s plan to tackle the…
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Private Sector Jobs Improve in March
Highest gains are in the service sector. Ahead of the coming release of the monthly job numbers by the Labor Department, a payroll company has reported the private…
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Unemployment at Lowest Point Since Pandemic Began
18.9 Americans still claiming benefits. Last week the number of jobless claims in the United States declined to the lowest point since the beginning of the COVID-19 pandemic.…
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Fed Chairman Gives Congress Economic Forecast
Describes the current state of affairs as “much improved.” On Tuesday, Federal Reserve Chairman Jerome Powell sat before Congress to give an up-to-date forecast of the nation’s economy.…
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President Signs COVID Relief Bill
Stimulus funds could come as early as this weekend. President Biden signed the $1.9 trillion COVID-19 relief legislation into law on Thursday. His signing commemorated the one-year anniversary…
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