Stories tagged: "economy"


FILE - Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the public in recent weeks that they don't want the government of the world's largest economy to default. But President Joe Biden has resisted McCarthy's calls for negotiations, while McCarthy is pushing a plan that can't pass the Democratic-majority Senate. (AP Photo/J. Scott Applewhite, File)
What Happens if America Defaults on Its Debt?

If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.

SSpeaker of the House Kevin McCarthy, R-Calif., holds an event to mark 100 days of the Republican majority in the House, at the Capitol in Washington, Monday, April 17, 2023. McCarthy is hurtling toward one of the most consequential weeks of the new House Republican majority as he labors to pass a partisan package that would raise the nation's debt limit by $1.5 trillion in exchange for steep cuts that some in his own party oppose. (AP Photo/J. Scott Applewhite, File)
House GOP Passes Bill That Would Take Food and Healthcare From Pennsylvania Families

An estimated 519,000 Pennsylvanians could lose access to Medicaid health insurance, nearly half-a-million residents would lose access to food assistance, and Pennsylvania veterans would lose 272,600 doctors visits for issues like mental health and substance disorder treatment.

The entrance to a Bed Bath & Beyond store is seen in Anchorage, Alaska, on Sunday, April 23, 2023. One of the original big box retailers, the company filed for bankruptcy protection on Sunday, following years of dismal sales and losses and numerous failed turnaround plans. (AP Photo/Mark Thiessen)
What Bed Bath & Beyond’s Closing Means in Pennsylvania

The chain will close its 16 Pennsylvania locations, in addition to two Buy Buy Baby stores in the state.

FILE - A home router and internet switch are displayed on June 19, 2018, in East Derry, N.H. (AP Photo/Charles Krupa, File)
How to Find Out if You Qualify for Cheaper High-Speed Internet in Pennsylvania

Many Pennsylvania residents are eligible to enroll in the Affordable Connectivity Program, which helps low-income families access internet services by providing a $30 per month discount on their bill.

President Joe Biden speaks about his 2024 proposed budget at the Finishing Trades Institute, Thursday, March 9, 2023, in Philadelphia. (AP Photo/Matt Rourke)
Biden’s Budget Would Tax Billionaires, Corporations to Strengthen Medicare, Expand Child Care, and Help Families

Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.

President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala Harris and House Speaker Kevin McCarthy of Calif., applaud. (Jacquelyn Martin, Pool)
‘A Blue-Collar Blueprint to Rebuild America’: 7 Takeaways From Biden’s State of the Union

Biden’s blueprint includes several recently passed laws which are expected to create millions of good-paying jobs in construction, manufacturing, and other sectors. 

A sign indicates an empty storefront among is available along East Carson Street in the Southside neighborhood of Pittsburgh, Thursday, Jan. 7, 2021. (AP Photo/Keith Srakocic)
Shapiro Creates New Office to Spur the State’s Economic Growth, Keeping Another Campaign Promise

Governor Josh Shapiro is keeping a promise he made to businesses across the commonwealth by creating a new office to streamline permit processes and expedite reviews and key incentive programs.