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This Monday, May 8 at 9:30 a.m. ET, Groundwork Collaborative will host a press briefing ahead of President Biden’s highly-anticipated meeting with House and Senate leadership on Tuesday, May 9.
Today’s monthly jobs report from the Bureau of Labor Statistics shows that the U.S. economy added 253,000 jobs in April. The unemployment rate also fell to 3.4% and reached a record-low for Black workers at 4.7%.
Lindsay Owens, the executive director of the liberal Groundwork Collaborative, was harsher: “The so-called ‘fiscally responsible’ adults in the room have actually been happy to participate in a reckless strategy of hostage-taking and trying to force the White House to accept MAGA cuts,” she told the Post.
Earning accolades from the likes of Ralph Nader and Jon Stewart, Owens is known in media circles for her skills in communicating ways to better understand and rethink inflation and corporate profiteering.
“The so-called ‘fiscally responsible’ adults in the room have actually been happy to participate in a reckless strategy of hostage-taking and trying to force the White House to accept MAGA cuts,” said Lindsay Owens, the executive director of the Groundwork Collaborative, a left-leaning group. “It has emboldened McCarthy and the Republicans.”
Washingtonian Magazine named Groundwork Collaborative’s Executive Director Lindsay Owens to its special edition list of the “500 Most Influential People Shaping Policy” in Washington, D.C.
“Our new poll makes it clear that people across the country want the Federal Reserve to stop raising interest rates before it pushes us toward a devastating and completely avoidable recession,” said Rakeen Mabud, chief economist at the Groundwork Collaborative.
Rakeen Mabud, chief economist of the Groundwork Collaborative, said Tuesday that "Chair Powell and the Fed have made it clear that high interest rates are here to stay, even if it means trampling on one of the strongest labor markets in history."
Groundwork Collaborative’s Chief Economist Rakeen Mabud joined the program to discuss the Federal Reserve’s 10th interest rate hike in a row.
Mabud and Holtz-Eakin said there was rare consensus among economists of various ideological stripes that a default would be disastrous. “Experts across the board have made it pretty clear that defaulting would be devastating to our economy,” Mabud said. “This is not a partisan issue.”