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Page 30 - ப்ளூம்பெர்க் பொருளாதாரம் என்கிறார் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rising prices are hitting low-income US households the hardest

Low-income Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers. The headline consumer inflation rate in the U.S. remains subdued, at 1.7% – but it masks large differences in what people actually buy. Some of the biggest price hikes of recent months, for example, have come in gasoline. A gallon of regular is up 75 cents since late last year –- adding more than $60 a month to the budget of someone who fills up with 20 gallons a week. Food-price inflation is running at more than double the headline rate, and staples like household cleaning products have also climbed.

Biden to Ramp Up Pressure on Lawmakers in New Spending Pitch

Biden to Ramp Up Pressure on Lawmakers in New Spending Pitch Bloomberg 2 hrs ago © Bloomberg Joe Biden (Bloomberg) President Joe Biden is ramping up pressure on Republicans to support his $2.25 trillion infrastructure plan, appealing directly to GOP voters while lawmakers are in their home districts during the current congressional recess. Biden will deliver his second major sales pitch in a week for the “American jobs plan” with a White House speech Wednesday, as he and his team reach out to governors, mayors and the broader public through phone calls, briefings and local TV appearances to make their case. In addition to emphasizing the need for urgency, with the pandemic exposing weaknesses that left millions of families struggling, Biden in his Wednesday remarks will argue that infrastructure needs go far beyond just roads and bridges, a White House official said. Biden will also reiterate that his proposed investments, spanning broadband to an upgrade of the ele

Swedish Central Bank Reveals First Study of Digital Currency

Swedish Central Bank Reveals First Study of Digital Currency Bloomberg 2 hrs ago (Bloomberg) The Swedes are learning that their once pioneering vision for a central bank digital currency might take a lot longer to enact than initially thought. The Riksbank just published the results of the first phase of a pilot project into what is essentially the most advanced exploration of a post-cash era to be undertaken by a major, western economy. It says the rapid pace at which cash is disappearing presents “potential problems” that a digital currency controlled by a central bank can address. The task is huge and Sweden’s central bank, the world’s oldest, keeps pushing back its timeline. After once suggesting it might be ready to move ahead with an e-krona by 2018, the Riksbank now says the current pilot project won’t be completed until early next year, and has even given itself room to continue trying until the end of 2026.

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