WASHINGTON, Sept 28 — The US economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers’...
WASHINGTON, Sept 28 — The US economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers’ strike, White House economic adviser Jared Bernstein said on Wednesday.
The economy will keep going in a “pretty good way” unless there is a policy mistake or exogenous shock, he added, speaking at an event at the Economic Policy Institute, a progressive think tank. “We have wages now beating prices, nominal wages growing faster than prices, and that dynamic in our economy creates a pretty persistent flywheel,” he said.
“In the absence of a policy mistake or an exogenous shock, we think that sort of keeps things going in a pretty good way.” Republican US House Speaker Kevin McCarthy on Wednesday rejected a stopgap funding bill advancing in the Senate, bringing Washington closer to its fourth partial shutdown of the US government in a decade with just four days to go. — Reuters
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Repair work on P. Ramlee's Penang house to start Sept 28GEORGE TOWN: The roof and ceiling of the house where the late Tan Sri P. Ramlee was born, located in Jalan P. Ramlee here, has almost caved in due to a leakage problem.
Leggi di più »
Biden makes new pledges to Pacific island leaders as China's influence growsWASHINGTON, Sept 26 ― President Joe Biden met Pacific island leaders for a second White House summit in just over a year yesterday, part of a charm offensive aimed at curbing...
Leggi di più »
Solomon Islands leader says he skipped Biden summit to avoid 'lecture'SYDNEY, Sept 27 — Solomon Islands Prime Minister Manesseh Sogavare said he skipped a Pacific Islands leaders summit at the White House this week to avoid a
Leggi di più »
Molotov cocktails thrown at Cuban embassy in Washington, says ministerWASHINGTON, Sept 26 ― An assailant attacked the Cuban embassy in Washington with two Molotov cocktails on Sunday night, Cuban Foreign Minister Bruno Rodriguez Parrilla said on...
Leggi di più »
Fuel prices Sept 28 - Oct 4: Unchanged across the boardKUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre, respectively, for the period from Sept 28 to Oct 4.
Leggi di più »