Liberals and more moderate Democrats are arguing over the impact on inflation, the federal budget deficit and high earners.
Tag: Inflation (Economics)
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Buy Now, Pay Later: Going Into Debt for Groceries
Americans are increasingly turning to “buy now, pay later” services for food and other everyday essentials. And there are signs that the practice is putting some in deep debt.
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Biden Had Doubts on Student Debt Relief. After Months of Pressure, He Gave In.
At the White House and aboard Air Force One, advocates of debt cancellation made a sustained push to win over the president, who feared the plan would be seen as a giveaway to the privileged.
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Jerome Powell Warns That War on Inflation May Be Painful
The Federal Reserve chair pledged to resolutely fight rapid price increases, arguing the bigger mistake would be allowing price increases to become entrenched.
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To Make Money in the Stock Market, Do Nothing
The bear market endures, yet the S&P 500 index rose more than 17 percent from mid-June to mid-August. Don’t even try to guess what will happen next, our columnist says.