The package will touch countless American lives with longtime party proposals.
inflation
Posted inBusiness, Nation & World, Schools and Education
Back-to-school shopping: Families reach for cheaper options
A basket of roughly a dozen supply items showed a price increase of nearly 15% on average for this back-to-school season compared with a year ago as inflation squeezes all areas.
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Posted inBusiness, Nation & World, News, Politics
Biden calls inflation-fighting deal with Sen. Manchin ‘godsend’ for U.S. families
A 15% corporate minimum tax will help fund the new costs, with extra going to deficit reduction.
Posted inBusiness, Nation & World, News
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
Posted inBusiness, Local & State, News
At summer’s peak, tourism has been a mixed bag so far in Maine
Visitors are still coming, but higher gas and other prices have some reining in their spending.
Posted inOp-Eds, Opinion
Commentary: Why don’t we just meet Joe Manchin in the middle?
While deeply unpopular with his Democratic colleagues, the West Virginia senator hews closer to the views of most Americans than you might think.
Posted inBusiness, Local & State, News
Gas prices decline, but experts unsure if the trend will continue
The average price of regular gasoline in Maine is down 32 cents a gallon from its June peak, with York County reporting the lowest countywide average.
Posted inBusiness
Wholesale inflation in June surged 11.3% from a year ago
The U.S. producer price index – which measures inflation before it hits consumers – rose at the fastest pace since hitting a record in March.
Posted inBusiness, Nation & World
Why inflation is so high, and when it might ease
But relief from higher prices might be coming.
Posted inBusiness, Nation & World, News
U.S. inflation reached a new 40-year high in June of 9.1%
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike.