Truthout
Economy
Biden May Extend Student Loan Payment Pause Again Amid Court Battles
Debt advocates say that extending the pause again is the bare minimum that Biden can do to help student loan debtors.
The Working Class Lost the $2 Billion Powerball Lottery
The lottery is effectively a regressive tax that often replaces state funding for education with ticket revenue.
Report: Big Shipping Companies’ Profits Increased 30,000 Percent Amid Inflation
House Oversight lawmakers blame inflation partially on “excess corporate price hikes” during the pandemic.
Companies’ Price Hikes Fuel Inflation. Why Isn’t the Fed Talking About It?
Progressive economists have estimated that corporate profits are to blame for 40 to 50 percent of price increases.
Warren, Sanders Slam Federal Reserve’s “Disregard” for Working Families
Lawmakers are criticizing the Federal Reserve’s relentless rate hikes, which are projected to put millions out of work.
BP Sees $8.2 Billion in Third Quarter Profits as People Struggle to Heat Homes
BP will buy back $2.5 billion worth of its own stock amid calls for a more aggressive windfall tax in the U.K.
“Political Game Changer”: Biden Calls for Tax on Big Oil’s Excess Profits
“This is exactly the type of leadership we’ve been waiting for from President Biden,” one climate activist said.
Poverty Is at Emergency Levels in the US. Why Isn’t It a Midterm Election Issue?
Issues like raising the minimum wage and expanding health care should be front and center.
Wall Street Shrugs Off Biden and Reaffirms Commitment to Saudi Monarchy
Even as President Biden questions the U.S.-Saudi alliance, big banks in the U.S. are cozying up to the crown prince.
Corporate Lobbyists Persuaded Supreme Court to Throw Out Pro-Worker Ruling
Corporate lobbyists are using amicus briefs to persuade the right-dominated Supreme Court to attack workers’ rights.