Economy

Senate Democrats reach $3.5 trillion budget agreement

WASHINGTON ((DailyNews)) — Senate Democrats announced late Tuesday that they’d reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive …

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Powell says inflation, though elevated, will likely moderate

WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At …

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‘I was in tears’: South Africans take stand against rioting

JOHANNESBURG ((DailyNews)) — Surveying the uneasy standoff between South African soldiers and huddles of young men faced off Wednesday across the rubble-strewn street in front of Soweto’s Maponya mall, Katlego …

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Have a seat: Patio furniture shortage tells US economic tale

COCKEYSVILLE, Maryland ((DailyNews)) — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture. This year is different. After …

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Biden: What’s good for families can also be good for economy

CRYSTAL LAKE, Ill. ((DailyNews)) — President Joe Biden pitched his proposed investments in families and education at an Illinois community college on Wednesday, telling residents of the swing district that …

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