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A national heat rule could save up to 1,500 lives each year, but a patchwork of state standards and corporate resistance to stronger protections leave workers exposed.
“You cannot preach penny-pinching while making it harder for Americans to pay their grocery, utility and healthcare bills,” said Emily DiVito, senior adviser for economic policy at the left-leaning Groundwork Collaborative. “If Secretary Bessent is serious about advancing financial literacy, he should focus on lowering the cost of living for working families.”
Liz Pancotti: “I think the big headshot this morning was that right now, we are seeing prices rise much faster than incomes, specifically in groceries, in gasoline, and in health care. Those three price pressures for families are really crushing them and the Iran war is only going to make them worse.”
As grim as the state of inflation and stagnation are, the worst is yet to come.
Rising prices and stalling growth leaves Fed’s hands tied as the president’s mismanagement batters consumers and businesses alike.
Kitty Richards: “Those gas prices are then trickling through to everything that people buy: From clothes and crayons to airfare, food, and medicine. Anything that requires fuel or transportation is going to see a price increase. And that’s one of the reasons that we already have seen consumer prices on the whole rise.”
“In the first administration, the economy was his superpower,” said Lindsay Owens, executive director of the Groundwork Collaborative, a progressive think tank that works on economic issues. “That phenomenon was critical to his reelection. People remembered him as strong on the economy.”
“The literature shows that high-income individuals simply do not choose where to live, on net, based on marginal differences in their top tax rate,” Alex Jacquez, the chief of policy and advocacy at Groundwork Collaborative, told Jacobin.
Kevin Warsh, President Trump's nominee to replace Jerome Powell as Federal Reserve chair, was grilled by Senators at a high-stakes confirmation hearing. MS NOW Congressional Reporter Mychael Schnell has the latest updates from Capitol Hill. Romney 2012 Campaign Chief Strategist Stuart Stevens and Chief of Policy and Advocacy at Groundwork Alex Jacquez join Chris Jansing with their analysis.
Lindsay Owens, a privacy campaigner who leads the Groundwork Collaborative think-tank, said: “JetBlue accidentally tweeted their cold-blooded confession: they are using customers’ search history against them to drive up prices.”