Biden’s Budget Raises GDP Outlook, Trims Inflation, Increases National Debt
Democrat President Joe Biden’s administration has just published its 2023 $5.8 trillion federal budget.
Economy
Inflation Soars to 7.9%, Highest Level in 4 Decades: Biden Blames Putin
Democrat President Joe Biden has claimed that Vladimir Putin is to blame for soaring US inflation after the consumer price index hit another 40-year high of 7.9 percent in February.
Kremlin Accuses U.S of Waging ‘Economic War’ as Fitch Warns of ‘Imminent’ Russian Debt Default
Russia has accused the United States of waging “economic war” in response to Vladimir Putin’s invasion of Ukraine.
AAA Warns Gas Prices Rising at Fastest Pace Ever as Russia Readies More Bombings
The American Automobile Association (AAA) has warned that U.S. gas prices are rising at the fastest pace ever.
World Hits Putin Where It Hurts, Expels ‘Selected’ Russian Banks from SWIFT
The White House has announced that the United States and allies are taking action that could potentially cripple Russia’s economy in response to the Ukraine invasion.
Russia Claims Country Will Survive ‘Emotional’ Market Reaction to Ukraine Invasion
Russia has insisted that it will survive the “emotional” financial market reaction to Moscow’s invasion of Ukraine.
Renault Production May Be Impacted by Supply Chain Issues in Russia
French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia.
Ex-Obama Economist: Biden Is Wrong on Inflation
A former economic adviser in Barack Obama’s administration has warned that Democrat President Joe Biden is “wrong” about inflation.
Cost of Buying a Home Soars as Supply Hits Record Low Levels
The number of mortgage applications from prospective homebuyers has dropped significantly.
Biden Tries & Fails to Spin Away Devastating Inflation Numbers
Democrat President Joe Biden has tried and failed to spin away the devastating inflation numbers released by the Labor Department today.