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.

Shelves display bottles of wines for sale at a Pennsylvania fine wine and spirits store, Saturday, Jan. 22, 2022, in Harmony, Pa. (AP Photo/Keith Srakocic)
Inflation Hits the Bottle: Pennsylvania Liquor Control Board Raising Prices on 3,500 Wine and Liquor Products

Beginning Sunday, the PLCB is raising the price on thousands of its best-selling liquors and wines, the first time spirits have increased in cost since 2019. 

Activists with Our Revolution hold $15 minimum wage signs outside the US Capitol complex in February 2021, to call on Congress to raise the minimum wage to $15 per hour. (CQ-Roll Call via Getty Images/Bill Clark)
Fourteen Bills on Raising the Minimum Wage Waiting in Pennsylvania’s State Legislature

Pennsylvania’s paltry minimum wage celebrated its 13th anniversary this year. Democratic state lawmakers have tried to increase it, but their efforts were blocked by the GOP majorities in Harrisburg.

Black patient waiting in hallway of hospital during COVID-19 pandemic
Viral ‘Triple-demic’ Strains Hospitals, Empties Store Shelves

The winter cold of the holiday season has brought about an expected surge in COVID cases, but it has also resulted in a number of other illnesses that were not expected, or not expected to hit as hard as they have.

House Minority Leader Kevin McCarthy, R-Calif., walks to the chamber for final votes as the House wraps up its work for the week, at the Capitol in Washington, Friday, Dec. 2, 2022. McCarthy is seeking enough GOP backing to become Democrat Nancy Pelosi's successor when Republicans take control of the House in the new Congress. (AP Photo/J. Scott Applewhite)
House Republicans’ Agenda Focuses on Social Security Cuts and Sham Investigations—Not Working Families

Between Republicans’ economic agenda, spurious investigations, and threatened impeachments, the House is looking at a busy but unproductive year.

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.