The U.S. economy added 236,000 jobs in March while the unemployment rate ticked back down to 3.5%, according to the latest Bureau of Labor Statistics report out Friday, April 7. The jobs data is in line with what economists expected and represents a slight cooldown in the resilient labor market. The unemployment rate is near…

The Biden administration has introduced new Title IX regulations to ensure transgender athletes have a place in school sports. Two state House Democrats in Tennessee have been expelled from the chamber, an action only enforced a handful of times since the Civil War. These stories and more highlight the daily rundown for Friday, April 7,…

As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch. “I’m getting really nervous now that an economy that I…

As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch. A credit crunch is a decline in lending…

The partisan fighting over President Biden’s 2024 budget began the moment he unveiled the ambitious plan. The White House says the president’s fiscal strategy, which includes over $4 trillion in mandatory funds to shore up Medicaid, Medicare and Social Security, and nearly $900 billion in defense spending, will reduce the federal deficit by $3 trillion…

When it comes to U.S. manufacturing, there’s bad news in store for the Biden administration. According to the Institute for Supply Management, manufacturing activity dipped to its lowest level in nearly three years in March. The institute’s Purchasing Managers’ Index (PMI) fell from 47.7% in February to 46.3% in March. The New Orders Index had…

With seven interest rate increases last year, two so far in 2023, and two U.S. bank failures, the U.S. is still not currently in a recession. President Joe Biden continues to claim progress on the labor market and is counting on Fed Chairman Jerome Powell to strike the right balance on jobs and inflation to…

Sen. Joe Manchin, D-W.V., said he’s willing to sue the Treasury Department if it doesn’t implement electric vehicle battery tax credits in the way he intended when he wrote them. The Treasury’s guidelines are expected Friday, March 31. The Inflation Reduction Act of 2022 included electric vehicle tax credits of $7,500. But to qualify, the…

According to Special Presidential Envoy for Climate John Kerry, President Joe Biden plans to issue executive orders and climate mandates to reach his goal of reducing emissions by 50% by 2030. In an interview with Yahoo News, Kerry said the executive orders and climate mandates are in addition to the Inflation Reduction Act, which aims…

The failures of Silicon Valley Bank and Signature bank have set off the blame game in the tech industry, the banking industry, and Congress. Some say there weren’t enough regulations. Others say there were plenty, but regulators just didn’t act on reports of a liquidity crisis at SVB. Cryptocurrency advocates say centralized banking was to blame.…