Category: Economy

9 Things to Know About the Senate’s $1.1 Trillion Infrastructure Bill

The Senate unveiled its long-awaited $1.1 trillion infrastructure bill on Monday. In a textbook example of Washington dysfunction, members and the public will only have… Read More

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Congress Continues Spending Spree With Irresponsible Infrastructure Deal

Impulsiveness, one of the defining features of a spending spree, happens when a person stops caring about cost, value, or financing for a period of… Read More

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European stocks end at record high on strong energy, bank earnings

By Sruthi Shankar and Ambar Warrick (Reuters) -Strong earnings updates from heavyweights including BP and Societe Generale drove European stocks to a record-high close on Tuesday, although gains were

Issues, Battlegrounds, and Strategies Come Into Focus as Federal Election Call Looms

Canada is likely heading into a federal election this fall, but few ridings and few large issues are in contention, leaving election results to depend on many local battles fought on issues that may be more regional. University of Toronto political science professor Nelson Wiseman told The Epoch Times he expects the Conservatives to attack […]

Yellen Details ‘Extraordinary Measures’ to Raise Cash as Debt Ceiling Hits

Treasury Secretary Janet Yellen on Monday announced a series of so-called “extraordinary measures” the department is taking to give the federal government more room to spend under a reimposed debt cap. Yellen detailed the emergency maneuvers—chiefly pausing investments in certain government employee pension funds—in an Aug. 2 letter to congressional leaders that came as a two-year suspension […]

Analysis-Debt-hobbled Sri Lanka risks running out of options

By Tom Arnold and Marc Jones LONDON (Reuters) – Sri Lanka paid a $1 billion bond last week, but the alarming state of its finances suggests it may have been just another step towards its first

Pelosi Asks Biden to Extend Eviction Moratorium in Violation of Supreme Court Ruling

Speaker Nancy Pelosi and other leading House Democrats have called on the White House to disregard a Supreme Court ruling and extend the national moratorium… Read More

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IMF $650 billion reserves distribution clears last hurdle in “unprecedented” move

WASHINGTON (Reuters) -The International Monetary Fund said on Monday its board of governors approved a $650 billion allocation of IMF Special Drawing Rights and said its largest-ever distribution of

Economic Freedom Best Path to Women’s Equality, Empowerment

Women’s battle for equal rights under the law has progressed significantly in a number of countries, but many other nations still have much room for… Read More

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Bacon May Disappear in California as Pig Rules Take Effect

DES MOINES, Iowa—Thanks to a reworked menu and long hours, Jeannie Kim managed to keep her San Francisco restaurant alive during the coronavirus pandemic. That makes it all the more frustrating that she fears her breakfast-focused diner could be ruined within months by new rules that could make one of her top menu items—bacon—hard to […]