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Articles written by Josh Boak

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Biden's economic challenge: Finding workers and goods

President Joe Biden enters the midterm election year of 2022 determined to address what economists call a "supply" problem — there aren't enough jobseekers or goods to meet the country's needs. This is also a political problem. The mismatch has obs...

 

Fighting gas prices, US to release 50 million barrels of oil

WASHINGTON (AP) — President Joe Biden on Tuesday ordered a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including...

 

Biden signs $1T infrastructure deal with bipartisan crowd

WASHINGTON (AP) — President Joe Biden signed his hard-fought $1 trillion infrastructure deal into law Monday before a bipartisan, celebratory crowd on the White House lawn, declaring that the new infusion of cash for roads, bridges, ports and more...

 

US, EU reach agreement to settle rift over Trump-era tariffs

ROME (AP) — The U.S. and European Union have reached an agreement to settle their diplomatic rift over Trump-era steel and aluminum tariffs, the White House announced Saturday, as President Joe Biden is in Rome attending the Group of 20 summit....

 

US, European allies warn of Iran's 'provocative' nuke steps

ROME (AP) — President Joe Biden said Saturday that nuclear talks with Iran would resume as he and European leaders warned Tehran that "accelerated" and "provocative nuclear steps" it has taken will jeopardize its return to compliance under a 2015 n...

 

Exacerbated by pandemic, child care crisis hampers economy

SEATTLE (AP) — After Bryan Kang's son was born in July, the occupational therapist and his wife, a teacher, started looking for child care in the Los Angeles area. The couple called eight day care centers: Some didn't have spots for months; others...

 

EXPLAINER: What's a 'wealth tax' and how would it work?

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright "wealth tax" when campaigning last year. But his more conventional proposed rate hikes on...

 

Congress foresees short-term debt fix amid perilous standoff

WASHINGTON (AP) — Republican and Democratic leaders edged back Wednesday from a perilous standoff over lifting the nation's borrowing cap, with Democratic senators signaling they were receptive to an offer from Senate GOP leader Mitch McConnell...

 

Biden tells GOP to 'get out of the way' on debt limit

WASHINGTON (AP) — President Joe Biden on Monday urged Republican senators to "get out of the way" and let Democrats suspend the nation's debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate...

 

Biden faces limits of $1.9T COVID aid as some states resist

WASHINGTON (AP) — President Joe Biden entered the White House promising to stop the twin health and economic crises caused by COVID-19, but $1.9 trillion and countless initiatives later he's confronting the limits of what Washington can achieve...

 

Frustration as Biden, Congress allow eviction ban to expire

WASHINGTON (AP) — Anger and frustration mounted as President Joe Biden showed no signs of reversing plans to allow a nationwide eviction moratorium to expire at midnight Saturday — one Democratic lawmaker even camping outside the Capitol in...

 

Anger mounts as Biden, Congress allow eviction ban to expire

WASHINGTON (AP) — Anger and frustration mounted in Congress over the weekend as a nationwide eviction moratorium expired during a surge in the COVID-19 pandemic. One Democratic lawmaker even camped outside the Capitol in protest as millions of...

 

Inflation fears and politics shape views of Biden economy

WASHINGTON (AP) — President Joe Biden is banking on the idea of making life more affordable for middle-class families — and that's where the recent bout of inflation poses both a political and an economic risk. The U.S. economy may be poised for...

 

Biden ends GOP infrastructure talks, starts new negotiations

WASHINGTON (AP) — President Joe Biden ended talks with a group of Republican senators on a big infrastructure package on Tuesday and started reaching out to senators from both parties in a new effort toward bipartisan compromise, setting a summer d...

 

Biden betting on wage growth, while GOP warns of inflation

WASHINGTON (AP) — The Biden administration recently gave a bit of simple advice to businesses that are unable to find workers: Offer them more money. This recommendation, included in a White House memo about the state of the economy, gets at a...

 

Bidens paid 25.9% rate and earned $607,336, tax returns show

WASHINGTON (AP) — President Joe Biden restored a long-standing presidential tradition Monday by releasing his tax returns, showing that 25.9% of the first couple's income went to the federal government in 2020. The average federal income tax rate...

 

Biden to pitch sweeping 'family plan' in speech to Congress

WASHINGTON (AP) — Marking his first 100 days in office, President Joe Biden will use his first joint address to Congress to pitch a $1.8 trillion investment in children, families and education that would fundamentally transform the role government...

 

Defining numbers from Biden's early days, from jobs to virus

WASHINGTON (AP) — President Joe Biden's opening months in office have been a whirlwind of activity during the pandemic and the start of an economic recovery. He is facing a sharp increase in the number of migrant children at the U.S.-Mexico...

 

Biden open to compromise on infrastructure, but not inaction

President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable. The president turned fiery in an afternoon speech, saying that the...

 

Women's soccer stars join Biden to promote closing pay gap

WASHINGTON (AP) — President Joe Biden is making the case Wednesday that the pay disparity between men and women has hurt the economy, bringing members of the U.S. women's national soccer team to the White House to help set new goals for equality....

 

Biden: Governors, mayors need $350 billion to fight COVID-19

WASHINGTON (AP) — President Joe Biden met with a bipartisan group of governors and mayors at the White House on Friday as part of his push to give financial relief from the coronavirus pandemic to state and local governments — a clear source of...

 

Analysis: Child poverty a hidden focus of virus relief plan

BALTIMORE (AP) — Tucked inside President Joe Biden's $1.9 trillion coronavirus relief plan is a seemingly radical notion that children should not grow up in poverty. Congressional Democrats are now sketching out that vision more fully by proposing...

 

Biden flexible on who gets aid, tells lawmakers to 'go big'

WASHINGTON (AP) — President Joe Biden encouraged Democratic lawmakers Wednesday to "act fast" on his $1.9 trillion COVID rescue plan but also signaled he's open to changes, including limiting the proposed $1,400 direct payments to Americans with...

 

Biden meets Republicans as Democrats push on for virus aid

WASHINGTON (AP) — President Joe Biden met late Monday with a group of Republican senators who have proposed a slimmed down $618 billion coronavirus aid package — a fraction of the $1.9 trillion he is seeking — as congressional Democrats vowed...

 

CBO projects 4.6% growth in Biden's first year, jobs lag

The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn't expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Monday. The 10-year outlook said the economic recovery from...

 

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