Economy

Biden calls on oil companies to increase production after months of massive profits

Biden calls on oil companies to increase production after months of massive profits
Large oil companies took in over $22 billion in profits in the first quarter of 2022 as gas prices have soared.
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Biden administration announces plan to increase the supply of affordable housing

Biden administration announces plan to increase the supply of affordable housing
Pennsylvania, where a housing crisis was made worse by the COVID-19 pandemic, stands to benefit from the plan announced by the White House on May 16.
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'This Is Robbery': Chevron Profits Quadruple and Exxon's Double Amid Ukraine Crisis

'This Is Robbery': Chevron Profits Quadruple and Exxon's Double Amid Ukraine Crisis
"Big Oil is intentionally profiteering off the war in Ukraine," said one campaigner. "We need a Big Oil windfall profits tax."
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'Stain on Democracy': Tax Day Study Shows US Billionaires Now Own $4.7 Trillion

'Stain on Democracy': Tax Day Study Shows US Billionaires Now Own $4.7 Trillion
"We reject the narrative that this country cannot afford to invest in a better world."
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U.S. cities are using American Rescue Plan funds to combat homelessness

U.S. cities are using American Rescue Plan funds to combat homelessness
President Joe Biden's spending package has provided billions in funding for housing initiatives across the country.
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Labor Group Files Objections to Amazon's Conduct During Alabama Union Election

Labor Group Files Objections to Amazon's Conduct During Alabama Union Election
"The company violated the law in the first election, and did so again in this re-run election, without any doubt," declared the head of the Retail, Wholesale, and Department Store Union.
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Overlooked in new jobs report, some encouraging news on inflation

Overlooked in new jobs report, some encouraging news on inflation
We are now looking at a labor market that is as strong as at any point in the last fifty years.
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Biden Lets Trump Tax Favor for the Rich Proceed

Biden Lets Trump Tax Favor for the Rich Proceed
Already Rampant Cheating on Gift and Estate Taxes Encouraged
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Conservatives say California is a disaster, but facts show the opposite is true

Conservatives say California is a disaster, but facts show the opposite is true
The facts show that California attracts more capital, creates more wealth, generates jobs with better pay, suffers lower rates of work-related fatalities, and has safer streets and longer lives.
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Dems Introduce Windfall Tax on Big Oil So Companies 'Pay a Price When They Price Gouge'

Dems Introduce Windfall Tax on Big Oil So Companies 'Pay a Price When They Price Gouge'
"This is a bill to reduce gas prices and hold Big Oil accountable," said Rep. Ro Khanna, who led the measure in the U.S. House.
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