President Biden on Thursday called on congressional Democrats to support a reconciliation package agreement unveiled a day earlier, acknowledging that it’s “far from perfect,” but saying it’s the strongest bill the party can pass to address key priorities.

“This bill is far from perfect. It’s a compromise. But that’s often how progress is made, by compromises,” Biden said in remarks from the White House.

“The fact is, my message to Congress is this: This is the stron...

Read More

Washington on Wednesday had a message for Americans looking for relief from inflated prices and economic hardship: We’re trying. The subtext: Pack your patience.

The Federal Reserve announced it was aggressively raising interest rates again, a mixed message because the aim is to slow the economy and cool consumer demand, even if unemployment rises. 

Across town, Senate Democrats unveiled a surprise, pulled-from-the-ashes $670 billion spending plan that has the b...

Read More

The Federal Reserve is ramping up its efforts to bring inflation down from four-decade highs. We’ll also look at the surprise revival of major pieces of Biden’s economic agenda and the passage of a big bipartisan deal. 

But first, Justice Clarence Thomas has lost one of his jobs. 

Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris F...

Read More

The Federal Reserve is ramping up its efforts to bring inflation down from four-decade highs. We’ll also look at the surprise revival of major pieces of Biden’s economic agenda and the passage of a big bipartisan deal. 

But first, Justice Clarence Thomas has lost one of his jobs. 

Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris F...

Read More