Steven Mnuchin Warns America Is in a Recession That Will Continue for Years
Former U.S. Treasury Secretary Steve Mnuchin has warned that America is in the grips of a recession that will now continue for the next couple of years.
Economy
Yellen Admits Inflation Could Get Worse but Has ‘Confidence’ It’ll Get Better, Eventually
Treasury Secretary Janet Yellen has admitted that inflation could get worse but insists that she has “confidence” that price pressures will ease “over the next year or two.”
Bernie Sanders Opposes Calls to Eliminate Debt Ceiling as GOP Prepares to Fight Over Spending Cuts
Sen. Bernie Sanders (I-VT), chair of the Senate Budget Committee, has said he opposes calls to eliminate America’s debt ceiling but insists that he supports raising it.
Commercial Barge Lines Struggle as Water Levels Plummet in Drought-Stricken Mississippi River
Water levels in the Mississippi River and continuing to plummet amid drought-stricken conditions, causing major problems for commercial barges that use the waterways.
RNC Sues Google for ‘Censorship’ of Republican Emails
The Republican National Committee (RNC) has filed a lawsuit against Big Tech giant Google for the “censorship” of its campaign emails.
US Housing Recession Deepens as Existing Home Sales Fall to 10-Year Low
As the U.S. housing recession worsens, existing home sales have fallen to their slowest pace in 10 years, according to reports.
Elon Musk Confirms Tesla to Build Lithium Refinery in Texas
Tesla CEO Elon Musk has confirmed that the electric vehicle company is pressing ahead with plans to build a lithium refinery in Texas.
Jeff Bezos Issues Grim Warning on the Economy: ‘Batten Down the Hatches’
Amazon founder Jeff Bezos has issued a grim warning about where the economy is heading.
Pelosi Admits Biden’s Policies Partly Caused Inflation
House Speaker Nancy Pelosi (D-CA) has admitted that President Joe Biden’s policies are partly responsible for America’s red-hot inflation.
EU Considers Paying for Elon Musk’s Starlink Internet for Ukraine
The European Union is considering plans to pay for Elon Musk’s Starlink to continue providing Internet access for Ukraine, according to reports.