The Commerce Department released data on Thursday showing that the U.S. gross domestic product (GDP) shrunk for a second consecutive quarter. The data prompted media headlines warning about the increased possibility of a recession and outcry from Republicans, quick to slam President Biden for his economic policies. For its part, the Biden administration […]
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President Biden on Thursday responded to news of a second straight quarter of economic contraction by focusing instead on the strong job market, a tactic the White House has been using to argue the U.S. is not in a recession. “But even as we face historic global challenges, we are on the right path and […]
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President Biden’s next move on student loans has been a mystery, with the White House not communicating with advocates and instead keeping stakeholders in the dark while the president decides whether to forgive student loans on a large scale. Biden has said forgiving $10,000 in debt per borrower is on the table but keeps delaying […]
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The Biden administration is ramping up messaging that two quarters of negative growth do not mean a recession, bracing Americans for a likely tough economic report on Thursday. Economists say new federal data could show U.S. gross domestic product (GDP) shrinking between April and June, marking the second straight quarter of contraction. That will likely […]
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Rising interest rates and economic headwinds are making it harder for the U.S. to fill a severe shortage of affordable housing, and the problem is likely going to get worse. The Federal Reserve has been working for months to stanch the sting of inflation by raising rates and slowing the housing market. Home sales and […]
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Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to […]
Read More Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to […]
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