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Psaki and Pelosi at Odds on $3.5 Trillion…

White House Press Secretary Jen Psaki contradicted House Speaker Nancy Pelosi's assessment of how much of the $3.5 trillion reconciliation package will add to the debt, saying the entire package "is going to be paid for."…

Does Deflation Crush Consumption?

The main argument against the benefits of deflation are the negative effects that deflation allegedly has on spending and consumption. So what does deflation really do to consumption? And is growth hindered as a result?

Biden pitches spending plan, declares ‘climate crisis is…

President Biden on Thursday, in laying out his administration’s response efforts to Hurricane Ida and wildfires in California, declared that the "climate crisis is here," while pushing Congress to take action in his government spending plan. During remarks…

US Hiring Drops Sharply Amid Delta

U.S. hiring downshifted abruptly in August with the smallest jobs gain in seven months, complicating a potential decision by the Federal Reserve to begin scaling back monetary support by year end. Nonfarm payrolls increased 235,000…

Jorge Franganillo via (https://creativecommons.org/licenses/by/2.0/) Flickr

Crypto Market Makes Waves in September Push

Bitcoin is hitting September at a good clip. The largest cryptocurrency by market value rose above the $50,000 level Friday for only the fourth time in the last four months. Bitcoin is at the highest intraday level since…

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This State Plans to Pay Big If You…

As worker shortages drag on across the U.S., Vermont is trying to fill its employers' open positions by offering up to $7,500 to folks willing to take a job and move to the state. In order to take advantage of…