by Diane McLaughlin | Feb 9, 2023
Following President Joe Biden’s reference in the State of the Union address to reducing bank overdraft and credit card late fees, industry trade groups said the president had provided “misleading” information about the fees.
by The Associated Press | Jul 14, 2022
The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday.
by The Associated Press | Jul 7, 2022
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.
by The Associated Press | Jun 21, 2022
President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
by The Associated Press | Jun 21, 2022
Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.
by The Associated Press | Jun 17, 2022
President Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets. But he stressed that a recession was “not inevitable” and held out hope of giving the country a greater sense of confidence.
by The Associated Press | Jun 10, 2022
The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
by Rick Dimino | Jun 5, 2022
A new phase is beginning for President Joe Biden’s infrastructure package. States are in fierce competition for the largest grant awards that would support multi-billion-dollar projects.
by The Associated Press | Jun 1, 2022
Focused on relentlessly rising prices, President Joe Biden plotted an inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government’s central bank.
by The Associated Press | May 31, 2022
President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.
by The Associated Press | May 20, 2022
As President Joe Biden embarks for Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.
by The Associated Press | May 16, 2022
Six months after the signing of President Joe Biden’s $1 trillion infrastructure package, the government said Monday there are 4,300 projects underway with more than $110 billion in funding announced – milestones the administration is publicly heralding as midterm politics intensify.
by The Associated Press | May 16, 2022
With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters to public transit.
by The Associated Press | Apr 21, 2022
Record-keeping failures by the federal government may have left thousands of Americans saddled with student debt that should have been automatically canceled through a benefit for low-income borrowers, according to a new federal study.
by The Associated Press | Apr 1, 2022
An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4 percent in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.
by The Associated Press | Mar 28, 2022
President Joe Biden intends to propose a minimum tax of 20 percent on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade, according to a fact sheets released Saturday by the White House budget office.
by The Associated Press | Mar 23, 2022
Vice President Kamala Harris will announce an action plan to stop racial discrimination in the appraisal of home values, according to senior Biden administration officials.
by The Associated Press | Jul 12, 2021
President Joe Biden signed an executive order on July 9 targeting what he labeled anticompetitive practices in banking and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition.”
by Diane McLaughlin | Nov 3, 2020
Massachusetts residents working at banks, credit unions and mortgage companies have contributed about $57,000 to presidential campaigns in 2020, according to data through Oct. 14 from the Federal Elections Commission.
by Scott Van Voorhis | Nov 1, 2020
One thing that won’t be on the ballot Tuesday? The housing crisis putting immense pressure on the average homebuyer and renter. And neither presidential candidate’s plan will deliver what’s needed to truly address it.