Will Biden's blame-the-Republicans strategy on inflation work?
Democrats, not Republicans, are in charge in Washington. But Joe Biden faults the GOP for failing to have a plan to ease Americans' pain from inflation.
Source: usatoday.com
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Is a recession coming in 2022? Deutsche Bank sees a major one in 2023
What happens when we go into a recession is a question more people are asking after the economy contracted last quarter
Source: usatoday.com
Child care workers are quitting the industry for good in the US
Low pay, demanding work and a lack of benefits have driven child care workers out of the industry for good during the pandemic—creating ripple effects on the rest of the US economy. Employment in daycare services remains more than 10 percent below pre-Covid levels, compared with just 1 percent for the…
Source: businessmirror.com.ph
US treasury secretary calls for 'recession remedies'
US Treasury Secretary Janet Yellen on Thursday warned that the US and global economy are likely in for more shocks. She called for "recession remedies" that help countries increase economic resilience.
Source: chinadaily.com.cn
First-quarter G.D.P. may mask the U.S. economic recovery's strength.
The figure is expected to look weak because inventories needed less rebuilding, and consumer spending widened the trade deficit.
Source: nytimes.com