Washington CNN — President Joe Biden has been back on the campaign trail, traveling in October and early November to deliver his pitch for electing Democrats in the midterm elections on Tuesday. Biden’s pitch has included claims that are false, misleading or lacking important context. (As always, we take no position on the accuracy of … Read more
CNN — President Joe Biden stepped up his efforts to paint Republicans as a threat to Americans’ pocketbooks in a speech from upstate New York on Thursday, a closing argument that focused less on his own accomplishments and more on what the GOP might do if they take control of Congress. Biden’s visit to a … Read more
Editor’s note: Joe Biden is the President of the United States. The views here are his own. Read more statement on CNN. CNN — Over the past almost two years, we have made tremendous progress. My administration, working with Democrats in Congress, is building an economy that grows from the bottom up from the middle. … Read more
CNN — Jury selection begins Monday in the Trump Organization’s tax fraud and grand larceny trial in New York, a symbolic moment after years of investigations that put former President Donald Trump’s business dealings before a jury. Trump is not charged in the case and is not expected to be involved in any wrongdoing, but … Read more
There really isn’t anything nice to say about inflation when it comes to your bottom line. It’s hard on your wallet. It’s hard on your savings because it reduces the purchasing power of the dollars you’ve socked away. And it’s tough on your paycheck because chances are your last raise didn’t keep up with headline … Read more
CNN — Taking the keys to 10 Downing Street in the wake of Boris Johnson’s political death, Liz Truss vowed to “ride out the storm” of Britain’s economic crisis. A good six weeks later she was engulfed by a hurricane of her own making. It was a humiliating end to a disastrous premiership marked by … Read more
London CNN Business — Britain’s new Chancellor of the Exchequer announced on Monday a sweeping rollback of the UK government’s tax and spending plans in a frenzied bid to calm jittery markets and restore the government’s credibility. Just four days into the job, Jeremy Hunt said he would reverse “almost all” of the tax measures … Read more
London CNN Business — British Prime Minister Liz Truss will hold a press conference on Friday amid widespread speculation that she is preparing to ditch a major part of her economic strategy unveiled just three weeks ago. Her “mini budget”, presented by finance minister Kwasi Kwarteng on September 23, promised huge tax cuts and increased … Read more
London CNN — Spare a thought for British Conservative MPs. Britain’s governing party thought they were sick of scandal-hit Boris Johnson destroying their poll numbers and turning what was once called the natural governing party into an exploding clown car. But after spending a huge amount of energy trying to remove a recalcitrant Johnson from … Read more
London CNN Business — The Bank of England is struggling to contain a crisis triggered by the British government’s bold plans to borrow heavily to pay for tax cuts, fueling fears that the country’s financial markets could spin out of control again. Nearly 20 days after Finance Minister Kwasi Kwarteng unveiled his much-criticized plan to … Read more