Economy


FILE - UPS teamsters and workers hold a rally, Friday, July 21, 2023, in Atlanta, as a national strike deadline nears. UPS has reached a contract agreement with its 340,000-person strong union Tuesday, July 25, 2023, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. (AP Photo/Brynn Anderson, File)
Teamsters and UPS Reach Tentative Deal to Avoid Strike, 340,000 Workers to Get Raises

The tentative deal represents a huge win for full- and part-time UPS Teamster workers, who would get significant pay raises and better working conditions. If approved by rank-and-file union members, the deal will also avert a strike that could have been one of the “costliest in US history."

President Joe Biden delivers remarks on the economy, Wednesday, June 28, 2023, at the Old Post Office in Chicago. (AP Photo/Charles Rex Arbogast)
What ‘Bidenomics’ Means for Workers and Families

US Department of Labor Chief Economist Joelle Gamble explains what "Bidenomics" means and how the president's investments are helping workers and the 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.

Photo by Brandon Byrd via Rural Democracy Initiative
Rural Advocates Want to Take on Monopoly Power and Help Family Farmers

Participants of the 2023 Rural Policy Action Summit spoke about how to expand resources for those in rural communities, among other topics.

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.

FILE - President Joe Biden speaks about his administration's plans to protect Social Security and Medicare and lower healthcare costs, Feb. 9, 2023, at the University of Tampa in Tampa, Fla. It seems like no one wants to cut Social Security or Medicare benefits, including Biden, who is already telling voters that his upcoming federal budget proposal will “defend and strengthen” the programs. (AP Photo/Patrick Semansky, File)
Biden Proposes Taxes on the Rich to Strengthen Medicare Funding

Biden’s plan would increase the Medicare tax rate on Americans earning above $400,000 from 3.8% to 5% to help keep Medicare solvent into the 2050s. No one earning under $400,000 a year would pay a dime more in taxes, under Biden’s plan. 

FILE - President Joe Biden speaks about his administration's plans to protect Social Security and Medicare and lower healthcare costs, Feb. 9, 2023, at the University of Tampa in Tampa, Fla. It seems like no one wants to cut Social Security or Medicare benefits, including Biden, who is already telling voters that his upcoming federal budget proposal will “defend and strengthen” the programs. (AP Photo/Patrick Semansky, File)
Biden Proposes Taxes on the Rich to Strengthen Medicare Funding

Biden’s plan would increase the Medicare tax rate on Americans earning above $400,000 from 3.8% to 5% to help keep Medicare solvent into the 2050s. No one earning under $400,000 a year would pay a dime more in taxes, under Biden’s plan.