Stories tagged: "economic crisis"


SSpeaker of the House Kevin McCarthy, R-Calif., holds an event to mark 100 days of the Republican majority in the House, at the Capitol in Washington, Monday, April 17, 2023. McCarthy is hurtling toward one of the most consequential weeks of the new House Republican majority as he labors to pass a partisan package that would raise the nation's debt limit by $1.5 trillion in exchange for steep cuts that some in his own party oppose. (AP Photo/J. Scott Applewhite, File)
House GOP Passes Bill That Would Take Food and Healthcare From North Carolina Families

An estimated 399,000 North Carolina residents would lose access to food assistance, 8,000 kids would lose preschool and child care slots, and NC veterans would lose 284,200 doctors visits for issues like mental health and substance disorder treatment under the bill.

Speaker of the House Kevin McCarthy, R-Calif., speaks during a news conference in Statuary Hall at the Capitol in Washington, Thursday, Jan. 12, 2023. (AP Photo/Jose Luis Magana)
MAGA Republicans Plan to Hold the Economy Hostage to Cut Social Security and Medicare

The debt ceiling is a numerical limit, set by Congress, on how much money the federal government can borrow to pay its bills. Increasing the debt ceiling is a routine congressional task, but Republicans want to hold it hostage to make cuts to Social Security and Medicare, even though failing to raise the limit would cause massive economic devastation.

Record levels of inflation have Americans scrambling to make ends meet while corporate profits soar.
Grocery Store Prices Are Up, But So Are Corporate Profits

North Carolinians are wringing their hands over the still-increasing costs of living while businesses, as a whole, are raking it in. 

Image courtesy of Leo
We Spoke to Three Women Who Had to Close Their Businesses Indefinitely Because of the Pandemic

To get a better sense of what’s been lost to the coronavirus pandemic, COURIER interviewed three women who had to shutter their businesses in recent months.

The US stock market has stayed high despite punishing economic indicators during the pandemic.
Yes, the Stock Market Is Doing Mostly Well. No, the American Economy Is Not.

Little more than half of Americans actually own stock. That helps make the stock market a less-than-ideal indicator of how the US economy is actually doing.

AP Photo/Evan Vucci, File
White House Suggests Jobless Americans ‘Find Something New’ During Worst Economic Crisis in a Century

The timing and tone of the ad—as well as its messenger—sparked backlash, given the mass death and economic devastation that has occurred under President Trump’s watch.