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New federal data signal more trouble for U.S. economy

(The Center Square) – New information from the Bureau of Labor Statistics reports that prices for consumer goods have risen significantly in the past year, putting extra strain on Americans’ budgets and worrying experts. As the Biden administration fends off criticism over proposed tax increases, higher spending and rising inflation, BLS released data Wednesday showing the biggest increase in consumer prices in over a decade. Those price increases point to a spike in inflation, expert...
United States North Carolina White House District Of Columbia Tim Scott Thom Tillis

New federal data signals more trouble for U.S. economy

Biden has taken increasingly more pressure for the economic struggles. Republicans have begun to criticize Biden’s trillions of dollars in new spending plans as the impetus for more inflation. Meanwhile, Biden’s proposed tax cuts have raised concerns from economists, who say they will lead to a slowing of economic growth, less hiring, and an increase in prices for regular Americans. “Under President Biden’s plan, our corporate tax rate would be among the highest in the worl...
United States North Carolina White House District Of Columbia Tim Scott Thom Tillis

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