Truthout
Economy
Crypto Industry Ally Joins House GOP Leadership, Nixing Hopes for Reform
Future House Majority Whip Tom Emmer has interfered with investigations of crypto firms such as FTX.
Federal Officials Sue to Stop Microsoft Merger in Major Antitrust Move
The FTC says the $69 billion merger would be a huge consolidation of industry power.
Dozens of Groups Urge Congress Not to Extend Trump’s Corporate Tax Cuts
Corporations like Amazon and Northrop Grumman have been lobbying for the tax breaks.
Financial Technology Firms Made “Massive Profits” on PPP Loans, Engaged in Fraud
A congressional report finds lax anti-fraud standards, execs who cashed in, and contempt for small loan applicants.
With No Child Tax Credit, Families Are Slipping Back Into Poverty Amid Inflation
Child poverty rates have crept back up since the program expired, leaving families struggling with food insecurity.
Unemployment Steady at 3.7 Percent as Economy Adds 263,000 Jobs in November
However, rapid wage growth likely means the Fed will continue on its path of aggressive rate hikes for the near future.
Drug Industry’s Chief Lobbying Group’s Revenue Surpassed $609 Million in 2021
The Pharmaceutical Research and Manufacturers of America spent more money than ever on lobbying the federal government.
New Bill Targets Hedge Fund Stranglehold on Housing Market
The legislation aims to prevent rich investors from taking advantage of renters and limiting homeownership.
The Fed’s Response to Rising Inflation Protects the Wealthy at Workers’ Expense
Leftist economists Gerald Epstein and Robert Pollin offer an alternative vision for how to combat rising inflation.
San Francisco Has Voted to Tax Corporate Landlords for Leaving Housing Vacant
The groundbreaking affordable housing victory in San Francisco could serve as a blueprint for other cities to follow.