Truthout
Economy
Federal Judge Blocks JetBlue, American Airlines Alliance in Antitrust Win
"Today's decision is a win for Americans who rely on competition between airlines to travel affordably."
GOP Tax Cut Plan Would Add $3.5T to Deficit, Congressional Budget Office Finds
If the GOP got its way, trillions would be transferred from the public straight into the pockets of the rich.
McCarthy Pushes More Work Requirements for Medicaid and SNAP in Debt Talks
Biden could invoke the 14th Amendment to resolve the crisis over the debt ceiling for now, argues Robert Kuttner.
“Greatest Wealth Transfer in History” Is Poised to Further Entrench Inequality
A recent New York Times analysis demonstrates that "we are not taxing the very wealthy enough,” said one professor.
Unemployment Is at a Half-Century Low as Economy Adds 253,000 Jobs in April
The unemployment rate for Black workers fell to 4.7 percent, a new record low.
The Debt Ceiling Debate Is a Manufactured Crisis. Tax the Wealthy What They Owe.
The budget-balancing problem in the U.S. stems from military spending and tax cuts for the rich.
Bernie Sanders Is Once Again Trying to Raise the Minimum Wage
Conservative Democrats who voted against raising wages may shift or defend their position as they seek reelection.
Tesla Plans to Build Huge Factory in Mexican City Struggling With Water Scarcity
Activists from Mexico are decrying the plan as a prime example of “colonial extractivism.”
Warren Says First Republic Bank Collapse Exposes the Rigged US Financial System
In response to news that regulators had sold the bank to JPMorgan Chase, Warren said system overhaul is long overdue.
Regulation Won’t End Bank Crises. We Must Put Shadow Banks Under Public Control.
Regulations designed by banks to shield their interests will never be enough to halt banking crises, an economist warns.