TAG: Joe Biden
Stubborn inflation rains on Biden’s good-news parade
President Joe Biden has been presiding over a good news economy for the past year, with strong growth, low unemployment and falling inflation.But that good news is reaching its limits.The cost of living rose faster than expected in March, with prices up 3...
5 months ago
POLITICO’s ‘Building Toward Financial Literacy for All’ event: 5 takeaways
Lawmakers and experts pushed for financial literacy education programs as mechanisms to promote wealth building in underserved communities at a POLITICO event Thursday.The event, “Building Toward Financial Literacy for All,” featured Reps. Young Kim (R-Ca...
5 months ago
Biden administration revives oil sanctions on Venezuela, saying Maduro reneged on democracy deal
The Biden administration is moving to reimpose oil sanctions on Venezuela, citing a failure of President Nicolás Maduro’s regime to live up to commitments to holding free and fair elections this year.The Treasury Department will allow temporary sanctions...
5 months ago
Unexpected slowdown in economic growth stokes uncertainty for Biden
President Joe Biden’s hot streak of success on the economy hit an unexpected detour Thursday, as a government report showed growth was slower than forecast and prices higher.GDP grew at a 1.6 percent pace in the first three months of the year — less than...
5 months ago
Biden, BP and the high-stakes sequel to deepwater horizon
A few years before going down in flames and infamy, the Deepwater Horizon semi-submersible oil rig made a sensational discovery.In August 2006, the craft — which was on a mission for the UK petroleum giant BP Plc — was drilling in the bottom of the Gulf o...
5 months ago