President Biden's signature legislative agenda is in serious jeopardy with serious disagreement within his own party between moderates and progressive.
Treasury Secretary Janet Yellen is urging Congress to "protect the full faith and credit of the United States by acting as soon as possible" to lift the debt ceiling or the government will be out of cash in October.
The Bureau of Labor Statistics reported that employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent.
President Biden's $3.5 trillion spending plan that is working it's way through Congress seeks to increase the national debt with all its tax increases and massive spending.
Markets were unchanged as the house moves forward with the president's massive $3.5 trillion spending package, but are waiting for information to the Federal Reserve's Jackson Hole Symposium.
Sen. Krysten Sinema, D-Ariz., has stated that she would not support Democrats’ $3.5 trillion spending plan, potentially dashing hopes of passing the proposal via budget reconciliation.
In the fastest annual increase on record producer prices accelerated to a record 7.8% increase for the past 12 months ending in July, according to a report issued by the Labor Department.
With rising energy prices President Joe Biden is trying to address ways to confront this key issues that impacts all American's.