Government Spending

Politics

Biden dismisses inflation concerns even as consumer prices surge

President Biden on Wednesday again downplayed concerns about the recent burst of inflation, maintaining that surging consumers prices are temporary even as he cautioned that restaurants and other businesses in the hospitality sector could take longer to recover from the pandemic.

Politics

White House slams Republicans over debt ceiling threat

The White House shot back at Republicans on Wednesday as GOP leaders signaled they would not vote to raise the debt limit, despite a warning from the Congressional Budget Office that the Treasury Department could run out of money as soon as this coming October.