Economy
“I haven’t heard any plausible case for that,” Sen. Elizabeth Warren (D-Mass.) said of a proposed scheme to stave off a calamitous debt default.
December's lower inflation reading makes it likelier that the Fed will slow its interest rate hikes in the coming months.
The latest extension, which now goes to President Joe Biden’s desk to be signed into law, funds federal agencies through Dec. 23.
The Treasury secretary said inflation is showing signs of easing and is on track to be lower by the end of 2023.
WHAT'S HAPPENING
What seemed an underwhelming strategy over his first 22 months in office now looks more like a winning plan since Dems did better than expected in the midterms.
Their gambit is to pair child tax credit payments with an extension of expiring corporate tax breaks.
The economy added 263,000 jobs in November, while the unemployment rate stayed 3.7%, still near a 53-year low.
Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers.
It was supposed to be a bank that touted and supported capitalism, family, law enforcement and the love of God and country. It quickly burned through $50 million.
The Massachusetts senator said the party needs to “go on offense” on economic issues.