Biden bets strong job market will shield economy from slump
The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth.
Fed signals more aggressive steps to fight inflation
Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.
Texas takes new border action; ex-Trump officials want more
Texas Gov. Greg Abbott on Wednesday delivered new orders along the U.S.-Mexico border and promised more to come as former Trump administration officials press him to declare an “invasion” and give state troopers and National Guard members authority to turn back migrants.
Top general urges more US troops in eastern Europe
The United States should look at the development of more bases in Eastern Europe to protect against Russian aggression, but rotate forces through them rather than make permanent deployments, the top U.S military officer told Congress on Tuesday
White House to extend student loan pause through August
The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration official familiar with the White House’s decision-making.
