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'RAGING!': Trump pounces as Biden gets some bad news

'RAGING!': Trump pounces as Biden gets some bad news
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How DC Learned To Stop Worrying And Love The Deficit

Washington’s allegedly been at war with the budget deficit for decades. The latest debt limit deal tells us which side won.

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Ex-Treasury chief Larry Summers says the Fed should consider a big bump in interest rates in July if it pauses this month

Former Treasury Secretary Larry Summers. NICHOLAS KAMM/AFP via Getty Images Larry Summers said the Fed should consider a major rate hike in July if it pauses…

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Bidenomics has been hit with a weak jobs report, gas shortages, and inflation fears. The White House says it isn't getting knocked off course.

Bidenomics has been hit with a weak jobs report, gas shortages, and inflation fears. The White House says it isn't getting knocked off course.
jzeballos@businessinsider.com (Joseph Zeballos-Roig)
© T.J. Kirkpatrick-Pool/Getty Images
President Joe Biden. T.J. Kirkpatrick-Pool/Getty Images
Biden grappled with a string of disappointing economic news in May, posing a major test for his plans.
But the White House appears intent on pushing ahead with another $4 trillion in spending programs.
The GOP is stepping up their attacks, criticizing the proposals as job-killers.
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The lackluster April jobs report fueled Republican criticism of a labor shortage, prompting at least 17 red states to announce they will start pulling out of federal unemployment programs in June. Then a sharp rise in inflation heightened concerns that consumer demand is outpacing supply in various economic sectors, pushing prices up for goods like used cars, airline tickets, and recreational activities.

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