Stories tagged: "economy"


Speaker of the House Kevin McCarthy, R-Calif., speaks during a news conference in Statuary Hall at the Capitol in Washington, Thursday, Jan. 12, 2023. McCarthy rounded his first full week as House speaker in the most outwardly orderly way. There was hardly a hint of the chaotic, rebellious fight it took for the Republicans to arrive here, having barely installed him as the leader with the gavel. (AP Photo/Jose Luis Magana)
MAGA Republicans Plan to Hold the Economy Hostage to Cut Social Security and Medicare

The debt ceiling is a numerical limit, set by Congress, on how much money the federal government can borrow to pay its bills. Increasing the debt ceiling is a routine congressional task, but Republicans want to hold it hostage to make cuts to Social Security and Medicare, even though failing to raise the limit would cause massive economic devastation.

AP Photo/Carolyn Kaster, File
10 Ways the Federal Government Delivered for American Workers and Families This Year

Under Democratic control, the federal government acted to lower healthcare and prescription drug costs; fight climate change and lower energy costs; invest in gun safety and mental healthcare; and implement a generational investment in American industry, manufacturing, and infrastructure.

FILE - Freight train cars sit in a Norfolk Southern rail yard on Sept. 14, 2022, in Atlanta. The Biden administration is saying the U.S. economy would face a severe economic shock if senators don't pass legislation this week to avert a rail worker strike. The administration is delivering that message personally to Democratic senators in a closed-door session Thursday, Dec. 1.  (AP Photo/Danny Karnik, File)
Biden Signs Bill to Block Rail Strike to Protect Economy; Senate Voted Down Effort to Give Rail Workers Paid Sick Days

Democratic lawmakers tried to pass a second bill that would have added paid sick days to the agreement, but were unable to reach the 60-vote threshold needed in the Senate, due to most Republican senators opposing the measure.

AP Photo/Andrew Harnik
The Republican Party’s Economic Agenda Includes Tax Cuts for Corporations and Cuts to Social Security and Medicare

Republicans have said they want to extend the Trump tax cuts, which mostly benefited billionaires and corporations; cut spending on Social Security and Medicare; and repeal the Inflation Reduction Act, which lowered the cost of prescription drugs and raised taxes on corporations.

Photo by Alexander Grey on Unsplash
Making 52 Cents on the Dollar: Virginia Women of Color Hardest Hit By Wage Gap 

The commonwealth’s wage gap exists in multiple groups. However, the hardest hit teetered the lines of both racism and sexism.

FILE - President Joe Biden speaks at the Daniel Technology Center of Germanna Community College – Culpeper Campus, Feb. 10, 2022, in Culpeper, Va. Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces. His belief is that a cluster of companies control too many industries, which reduces competition for both customers and workers. That leads to higher prices and lower wages at what the White House says is an average cost of $5,000 annually for U.S. families. (AP Photo/Alex Brandon, File)
Here’s How the Inflation Reduction Act Will Help Virginia Families

All 50 Senate Democrats—including Virginia Sens. Tim Kaine and Mark Warner—voted to pass the Inflation Reduction Act of 2022, an impactful bill with a wide array of support from economists, climate experts, healthcare activists, and more.

A parent shops for school supplies deals at a Target store, Wednesday, July 27, 2022, in North Miami, Fla. (AP Photo/Marta Lavandier)
Virginia’s Annual Sales Tax Holiday is Almost Here

Amid rising inflation costs, the annual sales tax holiday is here to help Virginia’s consumers save money on a variety of items, including emergency supplies and back-to-school needs.