Truthout
Economy
Monthly Child Tax Credit Payments Have Ended as Congress Debates Its Future
This month will be the first time since July that parents won’t be able to rely on the child tax credit.
Warren Demands Private Equity-Backed Firms Answer for Role in Rising Rent Prices
“Our country faces an unprecedented affordable housing supply shortage,” Warren wrote.
Chronic Underfunding of Public Housing Is Putting 1.2 Million Families at Risk
Thanks to Congress's neglect, the backlog of unfunded repair projects has ballooned to an estimated $80 billion.
Activists Are Challenging Laws That Enable Vulture Funds to Exploit Global South
Vulture funds target financially distressed areas like Puerto Rico. Independence organizers are pushing back.
Fed Chair Jerome Powell Says Corporations “Are Raising Prices Because They Can”
The statement came after Sen. Elizabeth Warren prodded the Federal Reserve leader on the issue.
Republicans Only Extend Unemployment When It Protects Anti-Vaxxers
This is the very same GOP that has been pillaging the safety net in order to provide tax cuts to the rich.
Unemployment Falls, Wages Grow for Most Disadvantaged in Strong Jobs Report
The unemployment rate fell another 0.3 percentage points in December, bringing it down to 3.9 percent.
Wealth of US Billionaires Rose $1 Trillion in 2021 as Build Back Better Stalls
The taxes for this massive windfall would be enough to fund major priorities in the Build Back Better package.
As Tax Credit Expires, “Huge Increase” in Child Poverty Feared Amid Omicron Wave
The program's expiration cuts off a key lifeline at what anti-poverty activists see as the worst possible moment.
“Tax the Rich:” 10 Billionaires Added $402 Billion to Their Fortunes in 2021
Amid a public health emergency and economic crisis, billionaires saw staggering growth in their wealth.