Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments.
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economy
economy
The 2022 Living Income Standard soars to new heights When COVID-19 arrived, few (if any) pundits predicted inflation would become one of the most fretted-over issues in 2022, but here we are. Supply chain disruptions, pent-up demand, war in Ukraine, and myriad other factors have made it harder and harder for many working families to make ends meet.
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If you’re not among the 7% or so of Americans who were expected to file for an extension, Tax Day 2022 has come and gone. Congratulations! While no one really enjoys paying taxes, April 15 – or as was the case this year, April 18 – marks an important annual moment in the life of our democracy.../p ...
Earlier this past month, Senator Thom Tillis tweeted something that no one could disagree with. “During #BlackHistoryMonth, we recognize the experiences and contributions of Black North Carolinians to our state.” Those are easy words. But, the fact is, Senator Tillis blocked the historic appointment of a Black North Carolinian to the powerful Board of Governors of the Federal Reserve System in the same month.
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The subject of inflation has been on many tongues in the public policy world of late – especially as Republican politicians comb every nook and cranny of the news cycle for topics with which to launch broadsides at the Biden administration. In November, Congressman Ted Budd – a candidate for Richard Burr’s soon-to-be-available U.S. Senate seat – introduced a snarky bill that would “require all personnel in the Biden White House to complete a financial literacy course focused on inflation.”
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Issues familiar to North Carolinians are front and center in today's Virginia gubernatorial election Voters are headed to the polls today to elect the next governor of Virginia in a close race that has drawn significant national attention and that will likely have political implications for North Carolina — a neighboring state that is grappling with many similar policy debates.
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As P.T. Barnum is so famously credited with observing a century and half ago, Americans can be a surprisingly credulous people. Whether it’s a circus sideshow curiosity, a new cure-all elixir or a supposedly surefire “get rich” scheme, ours is a nation of hopeful people who like to believe...
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Republican congressman from NC calls hearing from governors a "waste of time" WASHINGTON — Democratic governors on Thursday begged Congress to come to the aid of ailing states, which face unexpected expenses as they attempt to curb the spread of COVID-19 as well as massive revenue shortfalls due to the pandemic. But Republicans at a House hearing rejected their pleas, arguing that states have yet to spend money provided by Congress earlier this year, and prospects appeared to dim for any kind of deal on additional emergency aid before the election.
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