US Will Not Accept Another ‘China Shock:’ Yellen Says

Years after Bejing’s ascent into the World Trade Organization, the massive low-priced Chinese products killed about 2 American million jobs, Yellen says. China commonly floods global markets with cheap products, and the United States will not allow this to threaten U.S. jobs, Treasury Secretary Janet Yellen said on April 8 as she concluded a return

More Americans Say They Won’t Buy EVs Amid Biden’s Crackdown on Gas Cars

A Gallup poll released on Monday shows Americans are less interested in buying electric vehicles than they were last year, even amid the Biden administration’s efforts to crack down on gas-powered vehicles. Nearly half—48 percent—of Americans in 2024 said they would not consider purchasing an electric vehicle, a 7 percentage point increase from last year.

Biden to announce new student loan forgiveness proposals

President Biden will be announcing new proposals for partial or complete student loan forgiveness Monday in Wisconsin. The main thrust for the latest round of student loan forgiveness proposals is to target accrued and capitalized interest on student loans. According to the Biden administration, 25 million Americans who used federal student loans now owe more