Americans have been feeling the burn from inflation for the past two years but despite prices starting to ease after reaching an all-time high last summer, firing up the grill to celebrate America’s birthday this Fourth of July holiday weekend is still expected to be expensive to host a cookout.
President Biden refused to take any responsibility for the high levels of inflation, claiming the elevated prices were a problem he inherited from his predecessor and that he is not to one to blame for the ongoing inflation crisis hitting Americans under his watch.
The U.S. economy added over half a million jobs in January, blowing expectations out of the water in the first month of the year — revealing that the labor market continues to remain strong despite the Federal Reserve’s aggressive monetary tightening in its fight to tame inflation.
President-elect Joe Biden tapped Jake Sullivan to serve as White House national security advisor, a former foreign policy advisor under the Obama administration who previously advocated for the United States to “strike a middle course” that supports China’s economic rise as means to improve the two powerful nations relationship and prevent confrontation.
The U.S. economy soars at a record-shattering pace in the third quarter, repairing much of the nation damage that was caused by an unprecedented pandemic early in the year.
Presumptive Democratic nominee Joe Biden released his second economy initiative that will pour $2 trillion over four years by investing in clean energy and infrastructure designed to create economic opportunities with the goal to tackle climate change.