President Donald Trump blasted Fed Chair Jerome Powell and the nation's central bank Thursday, blaming their actions for inflation and vowing to unleash American energy production to bring it down
Then-President Joe Biden claimed victory in 2023 when egg prices fell by 22%, after tripling during his first two years in office. But Biden left his successor, President Donald Trump, a poultry price fiasco.
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
President Donald Trump rescinded an executive order issued by former President Joe Biden aimed at finding new models for lowering drug costs. Trump's action didn't affect the caps on seniors' drug costs or Medicare price negotiations that Biden signed into law.
Shortly after Biden took office in January 2021, inflation began to surge. The Covid-19 pandemic and the supply-chain crisis that followed, combined with generous stimulus spending and Russia’s invasion of Ukraine in early 2022 had created a perfect storm of inflationary pressures that resulted in prices climbing faster than they had since the early 1980s.
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
White House reporter for the Washington Examiner, Christian Datoc, asked the final question at this term's first WH press briefing about the increasing cost of eggs. Press secretary Karoline Leavitt answered: "We also have seen the cost of everything -- not just eggs,
It is report card time for the 46th president of the United States. Unfortunately for President Joe Biden, he does not make the grade.
President Trump at a rally in Las Vegas on Saturday promoted his "No Tax On Tips" proposal and talked about how the current tax system punishes workers in the food and beverage industry. "When I think of Biden,
January, the Biden administration released its proposed Medicare Advantage rates in 2026. These are the rates that the government pays insurers for the program to provide low-cost, affordable plans for seniors.
As President Joe Biden gets ready to leave office, we consider his accomplishments, failures, and what his legacy will be.