politics

Biden is on track to beat inflation and lose the presidency

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The North Star of macroeconomic policy—the ideal point toward which fiscal and monetary measures are intended to take us—is an America where jobs are plentiful and prices rise by 2 percent a year. And we may have come to just that place. In May, the US economy added 272,000 jobs, far more than economists had … Read more

California lawmakers break with Gov. Newsom over loan to keep state’s last nuclear power plant operating

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LOS ANGELES (AP) – The California Legislature signaled its intention Thursday to cancel a $400 million loan payment to help finance a longer life for the state’s last nuclear power plant, exposing a rift with the governor Gavin Newsom who says power is critical to maintaining energy supplies amid a rising climate. The votes in … Read more