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PCE Exceeds Expectations As Pesky Inflation Persists

Price pressures remained elevated in March, fresh data from the Commerce Department showed Friday, as the personal consumption expenditures (PCE) price index exceeded forecasts.

Commerce departmentEconomy marketsEconomy of the united states

Global debt hits record $313 trillion in face of central bank tightening

The world's debt problem got a lot worse in 2023, according to a new Institute of International Finance report, hitting a fresh record of $313 trillion.

United statesWorld bankDistrict of columbiaAjay bangaInstitute of internationalInternational economist kenneth rogoffWorld economic forum in davosWorld bank groupHarvard universityFederal reserveInternational financeGlobal debt monitorUniversity chairWorld economic forumSub saharan africaBank group

Interest on nation s debt set to exceed defense budget as House weighs spending $95B on foreign aid

Pressure is building on House Speaker Mike Johnson to hold a vote on the Senate-passed foreign aid bill that includes $61 billion for Ukraine.

United statesWhite houseDistrict of columbiaJasmine crockettIndo pacificMike mccaulKarine jean pierrePhillip swagelVladimir putinMike johnsonSenate republicansHouse foreign affairs committeeCongressional budget officeFox business network onBudget office director phillip swagelFox business network

Asheville City Council rescinds previously approved $1 2M for affordable housing project

Asheville City Council decided to rescind a previously approved loan allocation for a project that incorporated affordable housing units.

Asheville city councilHousing trust fund balancePineview condominiums projectHousing trust fundArline henryBuncombe countyNorth carolinaUnited statesHenry wayEconomy of the united statesNorth carolinaHousing in the united statesUnited states department of housing and urban developmentAffordable housingPublic housing

National debt continues upward climb as other issues take priority ahead of 2024 election

The U.S. national debt is expected to grow by an eye-opening $21 trillion over the next nine years, a new report says.

United statesJerome powellJoe bidenMarc goldweinDonald trumpTreasury departmentSecurity trust fundCongressional budget officePew researchRepublicans in congressNational deskFederal reserveHighway trustSocial securityPresident joe bidenPresident donald

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