The White House was accused of “redefining” the word “recession” on Wednesday after 2008 comments from the current-White House economic adviser resurfaced — appearing to counter his remarks on the … Read More
US home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a note to clients on Tuesday. Ian … Read More
The US housing market could be on the verge of a “meltdown,” an economist warned following this week’s release of data showing a collapse in home builder confidence in July. … Read More
White House chief economist Jared Bernstein admitted Monday that the Biden administration’s use of the word “transitory” to describe soaring inflation gave Americans the false impression that price hikes would be temporary. … Read More
The future looks more and more bleak for President Biden. Nearly two-thirds of Democratic voters (64%) want the party to pick a different candidate for the 2024 presidential race, while … Read More
White House press secretary Karine Jean-Pierre was ripped by critics after she claimed Thursday that the US is “stronger economically than we have been in history.” Jean-Pierre made the claim … Read More
The British opposition leader Sir Keir Starmer has said there is no going back on Brexit, in a speech earlier this week. Instead, he offered a new slogan as part … Read More
An upcoming provincial tax on soft drinks and other sugary beverages, in Newfoundland and Labrador, has some people applauding and others complaining. In September, the province will become the first … Read More
Economist Stephen Moore warned on Monday that the United States is already in a “soft recession,” noting that the “real question” is now whether the Federal Reserve can achieve a soft landing. … Read More
Top energy company executives will try to convince the White House Thursday not to ban fuel exports in a desperate bid to bring down eye-watering gasoline prices. The emergency meeting led by Energy Secretary … Read More
