Author: Zachary Halaschak
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Powell says he hasn’t noticed cognitive decline from Biden during meetings
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Federal Reserve Chairman Jerome Powell testified that he hasn’t noticed any sort of cognitive decline in meetings with Joe Biden, a statement made amid a torrent of questions about the president’s health. Powell, who occasionally meets with the president in his role leading the Federal Reserve, was testifying Wednesday before the House Financial Services Committee…
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New home sales rose 8.8% in March despite higher mortgage rates
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New home sales rose in March despite the housing market feeling the effects of higher mortgage rates, which have recently inched even higher. New home sales increased 8.8% from February to 693,000, according to a Tuesday report from the Census Bureau. The number of new home sales is 8.3% higher than it was in March of last year, owing in part to dampened inventory of existing homes.…
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New home sales rose 8.8% in March despite higher mortgage rates
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New home sales rose in March despite the housing market feeling the effects of higher mortgage rates, which have recently inched even higher. New home sales increased 8.8% from February to 693,000, according to a Tuesday report from the Census Bureau. The number of new home sales is 8.3% higher than it was in March of last year, owing in part to dampened inventory of existing homes.…
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Biden calls for tripling of Chinese steel tariffs while courting Pennsylvania union workers
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President Joe Biden called for tripling the tariffs on Chinese steel and aluminum, a policy proposal timed for his meeting with union workers in Pennsylvania on Wednesday. While speaking before the United Steelworkers union, Biden will call upon U.S. Trade Representative Katherine Tai to triple the tariffs from their average level of 7.5%. A White…
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Biden calls for tripling of Chinese steel tariffs while courting Pennsylvania union workers
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President Joe Biden called for tripling the tariffs on Chinese steel and aluminum, a policy proposal timed for his meeting with union workers in Pennsylvania on Wednesday. While speaking before the United Steelworkers union, Biden will call upon U.S. Trade Representative Katherine Tai to triple the tariffs from their average level of 7.5%. A White…
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Hot prices: Inflation rose to 3.5% in March in bad news for Biden and Fed
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Inflation rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index. The rise in headline inflation is more than expected and an unwelcome development for the Federal Reserve, which has been aiming to move toward cutting interest rates in the coming months. It’s also bad news for…
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Hot prices: Inflation rose to 3.5% in March in bad news for Biden and Fed
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Inflation rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index. The rise in headline inflation is more than expected and an unwelcome development for the Federal Reserve, which has been aiming to move toward cutting interest rates in the coming months. It’s also bad news for…
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Economy crushes expectations with 303,000 new jobs in March
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The economy added 303,000 jobs in March, the Bureau of Labor Statistics reported Friday, a number that exceeds expectations and comes as good news for President Joe Biden as the general election draws nearer. Economists had forecast about 212,000 new payroll jobs, adjusted for seasonal variation. The unemployment rate fell to 3.8%, a low level by historical standards.…
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Economy crushes expectations with 303,000 new jobs in March
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The economy added 303,000 jobs in March, the Bureau of Labor Statistics reported Friday, a number that exceeds expectations and comes as good news for President Joe Biden as the general election draws nearer. Economists had forecast about 212,000 new payroll jobs, adjusted for seasonal variation. The unemployment rate fell to 3.8%, a low level by historical standards.…
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Elizabeth Warren, others reintroduce ‘ultra-millionaires’ tax
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Sen. Elizabeth Warren, D-MA, reintroduced legislation on Tuesday designed to rake in trillions of dollars in tax revenue by targeting “ultra-millionaires” worth more than $50 million. Warren first introduced the legislation in 2019. This time around, co-sponsors includes Sen. Bernie Sanders, I-VT. Progressive Caucus Chairwoman Pramila Jayapal, D-WA, and Rep. Brendan Boyle, D-PA, are leading…

