Truthout
Recession
GOP’s Debt Limit Plan Would Cost 2.6 Million Jobs, Report Finds
“House Republicans are playing politics with millions of jobs,” Sen. Elizabeth Warren said.
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.
Fed’s Latest Interest Rate Hike Will Harm Most Vulnerable, Critics Say
With each rate hike — and other central banks following suit — warnings of a global recession have mounted.
Renowned Economists Urge “Emergency” Corporate Taxes to Avert Global Recession
A new report says it's crucial to tax "the multinationals and the super-rich," who have benefited from recent crises.
Throwing People Out of Work Is No Way to “Fix” the Economy
We can have a strong job market and lower inflation — and we don't need more painful interest rate hikes to do it.
Fed Meeting Minutes Show the Bank May Unleash Mass Unemployment, Economists Say
Continued interest rate hikes "risk a recession throwing millions out of work," a pair of experts warned.
Fed Rate Hikes Are “Body Blow” to Workers Reeling From Pandemic
Experts forecast another economic recession in the United States with rising inflation and an unchanged minimum wage.
Saudi Arabia Is Using Biden’s Visit and Sports-Based PR to Hide Its Crimes
Biden has decided to forego Saudi-related campaign in order to try to reduce gas prices before the midterms.
Progressive Economists Say Interest Rate Hikes Are Wrong Approach to Inflation
The Federal Reserve's recent moves risk causing a recession and imposing more pain on vulnerable workers, critics warn.