Tag: Economy

Biden Admin Admits it Will Raise Taxes to Pay for Climate Crusade

The Biden administration has admitted that it will pursue raising taxes to pay for its climate crusade. According to Town Hall: During her confirmation hearing on Capitol Hill this week, Biden Commerce Secretary nominee Gina Raimondo admitted Democrats will have to raise taxes on all Americans, including the middle and lower class, in order to

White House to Host ‘Made in America’ Event to Counter Biden

The White House will host a “Made in America” event to counter the Biden campaign’s push to corner the “buy American” slogan. According to Fox News: EXCLUSIVE: President Trump is expected to host the fourth “Made in America” event at the White House next month, featuring American-made products and American-based companies from all 50 states. “Over the past four

White House Breaks Precedent by Skipping Summer Economic Forecast

The White House has decided to break precedent and skip the summer economic forecast due to the coronavirus. According to The Hill: The White House will not release an updated round of economic projections this summer, breaking from precedent as the U.S. faces its deepest downturn since the Great Depression, two administration officials familiar with

Trump Predicts Vaccine by Year’s End

President Trump is predicting that there will be a vaccine for the coronavirus by the end of this year. According to The Hill: President Trump said Sunday that his administration is confident the United States will have a vaccine for the novel coronavirus by the end of the year. “We think we are going to have

Trump Claims Worst Days of Virus are Behind America

President Trump has reassured Americans that the worst days of the virus are behind us. According to The Hill: President Trump on Tuesday suggested “the worst days” of the coronavirus pandemic are over as he welcomed a group of small-business owners to the White House who have benefited from an emergency loan program he signed into law

White House and Congress Reach Deal to Fund Small Business Loans

The White House and Congress have reached a deal to inject more funding into the small business loan program. According to The Hill: The White House and Congress have reached a deal on a new funding package that will replenish a lending program meant to aid small businesses impacted by the novel coronavirus outbreak, two

Oil Reaches Lowest Price Since 2003

The price of oil is at the lowest point it has been since 2003 according to new reports. According to The Hill: U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world. The prices fell for a third session, with U.S. crude Clc1

Trump Announces G-7 Will be Held at Camp David

After the uproar about holding the G-7 Summit at his Doral resort in Florida, President Trump has decided to hold the summit at the famous Presidential retreat, Camp David. According to The Hill: President Trump on Tuesday announced that next year’s Group of Seven (G-7) summit will take place at Camp David, his second choice after

White House Signaling Push for Another Tax Cut

The White House seems to be signaling that a new push for another round of tax cuts will be coming soon. According to Town Hall: In recent months, White House Senior Economic Advisor and Director of the National Economic Council Larry Kudlow has said President Trump is interested in allowing workers to keep more of