The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
After recent supply chain difficulties, is there smooth sailing ahead?
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Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
Nikki Luman works part-time for a public library in Sycamore, Ohio.
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A team of experts are projecting that after a steep increase in 2020, food insecurity rates will dip in 2021. But behind this is a racial gap – rates for Black Americans will remain stubbornly high.
Sen. Elizabeth Warren argues that her plan is constitutional.
AP Photo/Susan Walsh
Economists estimate the tax on households worth over $50 million could bring in $3 trillion over 10 years, but it will run into constitutional challenges.
Biden made passing his $1.9 trillion bill one of his top priorities.
AP Photo/Evan Vucci
A survey of the impact of the first few rounds of coronavirus aid shows that most of those who lost jobs or wages due to the pandemic were facing severe economic hardship.
The success of Brazil’s vaccine program will have a ripple effect on countries to which it exports commodities such as steel.
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The world’s most advanced economies will incur half the total costs associated with a failure to vaccinate poorer nations, which could exceed $4 trillion if only half their citizens are inoculated.
The number of people seeking jobless benefits has soared during the pandemic.
AP Photo/John Locher
Biden proposed $1.9 trillion in new coronavirus relief spending to help with the economic fallout of COVID-19. Four economists have a few ideas for him.
Democrats control both the White House and Congress for the first time in 10 years.
AP Photo/Alex Brandon
Current housing stimulus measures aim to boost buyer demand and are too small to sustain a recovery. A second round of stimulus is likely to be needed, and it should go into social housing supply.
A ‘V’ recovery is seen as the best way to bounce back from a recession.
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Some economists have begun to compare the current recession and recovery with a ‘K,’ while others see a ‘V.’ Which is it, and what does it mean?
Teachers organize their socially distanced students at Weaver Elementary School in Rossmoor, California.
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When the federal government doesn’t intervene during downturns, the states often cut school spending. In turn, teachers may earn less or lose their jobs. And three in four teachers are female.
A surface coal mine in Gillette, Wyoming, photographed in 2008.
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The pandemic recession has reduced US energy demand, roiling budgets in states that are major fossil fuel producers. But politics and culture can impede efforts to look beyond oil, gas and coal.
The Fed can create all the money Uncle Sam needs.
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Congress is spending trillions of dollars trying to rescue the US economy and support workers and businesses. Can America afford it? ‘No sweat,’ according to modern monetary theory.
Professor; School of Economics, Finance and Property, and Director, Australian Housing and Urban Research Institute, Curtin Research Centre, Curtin University