Larry Summers, who served as Bill Clinton’s Treasury Secretary and Barack Obama’s National Economic Council advisor, has warned that a recession is coming and that it will not be a mild one.
Sentiment regarding the U.S. economy is plummeting among American consumers, a new survey has revealed.
Inflation rates in the United States have dipped below 8 percent for the first time since February.
Delinquencies on auto loans have hit their highest levels in a decade as growing numbers of American fail to meet their repayments amid soaring borrowing costs.
Former Obama administration adviser Steve Rattner said on Thursday that the Biden administration is not entirely to blame for soaring inflation.
MSNBC host Joy Reid has claimed that conservative voters had never heard the word “inflation” until Republicans turned it into a campaign issue to use against Democrats for this year’s midterms.
Democrat President Joe Biden has been caught lying about his son’s death again during a gaffe-filled speech on Tuesday.
Japan’s prime minister has announced a massive spending package that seeks to counter the nation’s rising inflation.
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.”
Amazon founder Jeff Bezos has issued a grim warning about where the economy is heading.