INSUBCONTINENT EXCLUSIVE:
argue financial difficulties facing many households is the number one problem Americans are experiencing right now with a possible recession
resorted to desperate measures on Wednesday and increased its benchmark interest rate to 0.75 percentage-point, the largest hike since
1994.Experts say the shadow of a recession is hanging over the United States
Lower-income and vulnerable Americans are especially the ones who get most hurt by a recession because they tend to be the first fired from
their jobs when the economy slows.Biden outlined some of the hard choices he has faced, claiming the U.S
needed to stand up to Russia for its military operation in Ukraine, not the first time the U.S
U.S.-led NATO military alliance chose to continue its eastward expansion toward Russian borders, a decision that triggered Moscow to demand
security guarantees, which the Kremlin ultimately did not receive
against Russia that have disrupted food and energy markets globally in addition to increasing gas prices, Biden alleged that he made his
to $2 higher than a year ago
In California, a gallon of gas now costs more than $6, up from just over $4 a year ago.Biden has pleaded with oil companies to increase
around the world are taking a hit, one of the most unique factors in the U.S
is that hugely-profitable corporations with significant market power are using inflation as a cover for raising their prices.Oil and gas
Fed and the President, along with bailing out other large banks when they are in trouble and similar measures that serve the super-rich
Center for Public Research, only 39 percent of U.S
that it would hike its interest rate range by 0.75 percentage points after an alarming surge in inflation in the month of May came
3.25 percent to 3,666.77, its lowest level since December 2020
The Nasdaq Composite plunged by more than four percent, bringing the index down by more than 30 percent for the year to date
The Dow sank by 741 points, or 2.4 percent to close below 30,000 for the first time since January 2021.At a press conference, the Central
which causes them to cut back on purchases of everything, which is causing the economy to slow.In the face of rising costs, there are
department, retail spending fell for the first time this year in May
Home sales have fallen for three consecutive months and consumer confidence hit a record low between May and June.In a new report, Feeding
America, the nationwide network of 200 food banks, says more than 53 million Americans turned to food banks, food pantries, and meal
community food programs have become an essential piece of a household's food budget, especially now when we face new challenges with rising
sure that the people using our services have a seat at the table and their voices are heard," she noted.
