60 coalitions given $500,000 to prepare for final round. White House Senior Advisor Gene Sperling only expected 150 applicants for the Build Back Better grants for pandemic economic…
Read MoreEconomy
Consumer Price Inflation Up by Nearly 7%
Most single-year inflation since 1982. On Friday, the Labor Department released updated numbers for the Consumer Price Index which monitors the prices of goods that the average person…
Read More
Commerce Department Announces Microelectronics Advisory Committee
The committee will bring together industry experts to help form federal policy. On December 1, the Department of Commerce revealed that they were beginning the process of recruiting…
Read More
U.S. Experiences Slowdown in Hiring Rate
Gain was slowest since last December. The U.S. economy added 210,000 jobs in November, indicating a decrease in hiring as the year nears a close. However, the labor…
Read More
New Unemployment Claims Lower than Anticipated
New jobless applications hit 52-year low, after seasonal adjustments. The Department of Labor reported the number of Americans applying for unemployment benefits fell last week to the lowest level since…
Read More
531,000 Jobs Added to U.S. Economy in October
Unemployment decreased by 0.2%. The Department of Labor released its latest statistics about the U.S. job market on Friday, finding that a total of 531,000 new jobs had…
Read More
Fertilizer Shortages May Impact Food Costs
Hurricanes, supply chain issues, and natural gas shortage have contributed. Food prices are already up this year, in some areas as much as 30 percent, and now issues…
Read More
G20 Leaders Endorse Global Minimum Tax
The deal removes offshore incentives for American companies. World leaders meeting in Rome on Sunday for the G20 summit announced their endorsement of global minimum tax. The leaders…
Read More
Budget Results Released for Fiscal Year 2021
Treasury secretary and acting OMB director issue joint statement. U.S. Treasury Secretary Janet Yellen and White House Office of Management and Budget Acting Director Shalanda Young released a…
Read More
Unemployment Claims Drop to 290,000 Last Week
2 million jobs likely will not return to the economy. The Department of Labor released the latest figures measuring the U.S. job market on Thursday. The report found…
Read More