Robust imports push U.S. trade deficit to record high in March
The U.S. trade deficit surged to a record high in March, confirming that trade weighed on the economy in the first quarter and could remain a drag for a while as businesses replenish inventories with imported goods.
Voter Trust in Democrats Sinks to New Lows With 6 Months Until Midterms
Americans back the Republican Party over the Democratic Party by 19 points on its ability to handle inflation and by 14 points on its ability to handle the economy. The poll notes that 68 percent of likely voters disapprove of President Joe Biden’s app…
As economy contracts, Biden considers canceling student loan debt
President Joe Biden is considering canceling student loan debt for millions of Americans, a move critics say could increase inflation and further exacerbate the nation’s economic woes.
Economy Shrinks 1.4% in First Quarter, Below Expectations
The U.S. economy unexpectedly shrank 1.4% annually in the first quarter, the Commerce Department reported on Thursday, a sharp decline from the fourth quarter and below expectations that wavered between slow and negative growth.
Russia’s President Warns NATO After Gas Cuts
Russia’s president warned Wednesday that any country interfering in Ukraine would face a “lightning-fast” response after he had already cut off natural gas to Poland and Bulgaria, members of the NATO military alliance.
Anxious Fed set for historic measure to try to curb inflation
The Federal Reserve is set to take its most aggressive action in decades to rein in inflation when it meets this week — a move that would have implications for the entire economy.
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