The American Rescue Plan is huge and yet little noticed.
Tag: United States Economy
$4 a Gallon
More expensive gas could have lasting consequences.
Treasury Aims for Economic Pain on Russia, but Critics Question Effectiveness
The Treasury Department’s deputy secretary, Wally Adeyemo, has been leading the effort to crack down on evasion and to coordinate with Europe.
Yellen Says Aim Is ‘Maximum Pain’ for Russia Without Hurting U.S.
The Treasury secretary told a House committee that the U.S. would continue finding ways to punish Russia for its invasion of Ukraine.
Battleground Nevada
The state will help determine Senate control in this year’s midterm elections.
Ukraine War and Pandemic Force Nations to Retreat From Globalization
Conflicts among the U.S., Russia and China — and endless Covid-19 outbreaks — strain the interdependent economy and Western ideas of post-Cold War stability.
As Inflation Surges, Biden Targets Ocean Shipping
The president is targeting shipping companies that have jacked up prices during the pandemic, but critics say bigger economic forces are at work.
As Fed Prepares to Raise Rates, Global Economy Sinks Deeper Into Turmoil
Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.
U.S. and Allies Will Strip Russia of Favored Trade Status
The Biden administration said it would join Europe and other allies in stripping Russia of permanent normal trade relations, another step to inflict economic damage on the country over its invasion of Ukraine.
Biden Officials Weigh Russian Oil Ban as Gas Prices Soar
Global stocks dipped on Monday as U.S. officials discussed an oil cutoff, and gas prices hit a national average above $4, up more than 10 percent in a week.