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Biden turns up pressure on corporate 'price gouging' as 2024 nears

President Biden blasted corporate "price gouging" more forcefully this week than ever before, reflecting a renewed administration effort to respond to widespread voter discontent over the economy as next year's election looms. After weeks of internal meetings led by White House Chief of Staff Jeff Zients, Biden aides recently pitched the president on a plan to sharply rebuke firms for not lowering despite record profits, according to three people with knowledge of the matter who s...
White House District Of Columbia United States The White House Lindsay Owens Jason Furman
Source: yahoo.com

GDP, corporate profits soar as Biden calls out companies for 'price gouging'

The American economy grew in the third quarter, but there are signs that its growth is beginning to slow. U.S. gross domestic product (GDP) came in Wednesday at a revised 5.2 percent increase in the third quarter, higher than the 4.9 percent pop of the initial estimate, to hit the fastest quarterly rate of growth…
United States White House District Of Columbia Karine Jean Pierre Mike Konczal Kitty Richards
Source: yahoo.com

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