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Top News In Economy Us Today - Breaking & Trending Today

Unions continue to drain America's economic potential

Labor Day might have passed, but problems related to labor deserve sustained attention. ....

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America needs less Bidenomics, more Reaganomics

Picture this: The president of the United States standing in front of banners to promote his economic policies as wins for America increased wages for workers and the greatest economic boom in our history. Sounds great, right? ....

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SVB collapse: Influential lawmakers call to lift $250,000 cap on FDIC deposit insurance

Several prominent lawmakers are now calling for an increase in the Federal Deposit Insurance Corporation s $250,000 insurance limit amid the continuing fallout from Silicon Valley Bank’s collapse. ....

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Economy grew 6.4% last quarter as US recovery from pandemic accelerates

Economy grew 6.4% last quarter as US recovery from pandemic accelerates
Mark Lennihan/AP
FILE - A woman carries shopping bags, Thursday, Dec. 10, 2020, in New York. (AP Photo/Mark Lennihan)
By:
The Associated Press
and last updated 2021-04-29 08:43:08-04
WASHINGTON â The U.S. economy grew at a brisk 6.4% annual rate last quarter â a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.
Thursdayâs report from the Commerce Department estimated that the nationâs gross domestic product â its total output of goods and services â accelerated in the January-March quarter from a 4.3% annual gain in the final quarter of 2020. ....

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Janet Yellen and the Return of the Bond Vigilantes

Janet Yellen and the Return of the Bond Vigilantes
With Janet Yellen now embarked on an overly expansive budget policy course, and with U.S. government bond bears now coming out of hibernation, is there a chance of a financial crisis on the horizon?
While serving as Bill Clinton’s political advisor, James Carville famously remarked that if he were ever to be reincarnated he would like to come back as a bond trader. By this, he meant that he would like to wield the great power that Wall Street bond traders do over policymakers when they make wayward economic policy decisions. ....

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