“If House Republicans can’t even get it together to choose their leader, they can’t be trusted with the debt ceiling, fighting inflation, or helping families make ends meet,” said Democratic Rep. Sara Jacobs. The refusal by U.S. House Republicans to collectively get behind a speaker candidate in six rounds of voting so far this week […]
“Today’s record corporate profits mirror what we have been hearing on earnings call after earnings call: Corporations are gleefully reporting that their strategy to burden families with unnecessary price hikes is working.” Economic justice advocates on Wednesday responded to new U.S. government figures showing nonfinancial corporate profits soared to record levels during the third quarter of […]
A leading economist urged policymakers to “address corporate profiteering as a driver of inflation by reining in megacorporations and addressing the unsustainably high prices facing families around the country.” Progressive demands for congressional action to curb corporate monopoly power were renewed Friday after federal data confirmed that certain heavily consolidated industries are continuing to rake in […]
WASHINGTON — U.S. consumer price increases eased in August compared to a year ago, the government said Tuesday, but the drop was modest and may not be noticed much by financially squeezed American households. The inflation rate was up at an annualized 8.3% rate in August, the Bureau of Labor Statistics reported. The figure was down […]