Overall, the Biden economic record is abysmal, especially compared to President Trump’s record. In his term, the unemployment rate started at 4.7% and dropped to 3.5% prior to the pandemic.
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29% of Households Struggle to Cover Basic Needs
Inflation and higher interest rates have caused 40 million families, 29% of U.S. households, to struggle to afford the basics, putting them precariously just above the poverty line, CNBC reports.
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Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.
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Affluent Are Driving Economy, Likely Delaying Rate Cuts
Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She's planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that.
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WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy.
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