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ATLANTA (AP) — People in Georgia will keep paying no state taxes on gasoline and diesel, at least until state lawmakers start a special legislative session. Brian Kemp on Wednesday extended the fuel tax rollback of 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel until Nov. 29. Georgia’s governor can suspend the collection of taxes during an emergency as long as state lawmakers approve it the next time they meet. Tax revenues fell about 3% in October even though some fuel taxes were still flowing into state coffers after Kemp's September action. Fuel taxes in Georgia largely fund roadbuilding.

Persons: Brian Kemp, That's, Kemp, Garrison Douglas, Joe Biden, ” Kemp, “ Organizations: ATLANTA, —, Republican Gov, Democratic, AAA Locations: Georgia, Texas

☆ 5 takeaways from new polls that reveal Biden’s challenges and Trump’s potential victory path
▼ + stars: | 2023-11-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

The CNN poll finds that 25% of voters believe Biden has the stamina and sharpness to serve effectively, while 53% say Trump does. The CNN poll encapsulates this potential dilemma for voters. And given his national approval rating in the CNN poll of only 39%, any economic downturn next year would be disastrous for him. Voters see Trump as a stronger leader, suggesting that bluster and threats are more convincing than Biden’s nuanced approach. Latino voters favor Biden over Trump by only four points compared to 33 points in the 2020 election.

Persons: Joe Biden, Biden, Donald Trump, Trump’s, Andy Beshear, Glenn Youngkin, let’s, ” Biden, Trump, demonization ”, ”, hasn’t, he’s, MAGA, there’s, trimmer, Will, abate, Tim Ryan, CNN’s Wolf Blitzer, it’s, “, …, Bacon, –, doesn’t, Bill Clinton, Barack Obama’s, Jimmy Carter, Obama, Clinton Organizations: CNN, Democrats Tuesday, Biden, GOP, Democratic, New York Times, Siena College, Trump, Democratic Gov, GOP Gov, Republican, “, Former Democratic, Hamas, Voters, Black Locations: Ohio, Kentucky, Virginia, America, New York, Ukraine, Israel, Nevada, Georgia, Arizona, Michigan, American, Gaza

☆ Americans say the economy stinks. But they’re spending like it’s great
▼ + stars: | 2023-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

There’s a conundrum that economists and political strategists have been chewing on for more than a year: The economy is good, but Americans say it’s lousy. Just 2% of voters say the economy is excellent, according to a New York Times-Siena College poll. But there’s a conundrum within the conundrum, which is that, despite what Americans say, they are not behaving like a people particularly worried about the economy. That’s why Americans are pulling money from their 401(k)s at an alarming rate to pay the bills. For young people living paycheck to paycheck, the dream of homeownership (and the financial security that comes with it) feels frustratingly out of reach.

Persons: CNN Business ’, Bidenomics, Taylor Swift, they’re, It’s, Jay Powell, it’s squishy, don’t Organizations: New, New York CNN, CNN Business, New York Times, Siena, Starbucks Locations: New York, pollsters

☆ Democrats' dilemma: Biden's agenda is popular, but he is not
▼ + stars: | 2023-11-07 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

U.S. President Joe Biden steps from Marine One upon his return to the White House in Washington, U.S., November 6, 2023.REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsPHILADELPHIA, Nov 7 (Reuters) - Andrea Singmaster is thankful for President Joe Biden. "I love Joe Biden. The contrast between the popularity of the Biden agenda and the unpopularity of its pitchman, even among some party loyalists, is a major concern for Democrats going into 2024. Biden's approval rating is hovering around 40%, near the lowest level of his presidency, according to the latest Reuters/Ipsos poll. Still, the polls are hastening calls from some Democrats for the Biden campaign to focus less on him and his "Bidenomics" pitch and more on the dangers they say Trump poses.

Persons: Joe Biden, Kevin Lamarque, Andrea Singmaster, Biden, Singmaster, Democratic longshot Dean Phillips, Donald Trump, He's, James Carville, Trump, Joseph Foster, Foster, SCRANTON JOE, Scranton Joe playbook, Biden's, it's, Julie Chavez Rodriguez, Kamala Harris, St . Louis, Harris, Jarrett Renshaw, Heather Timmons, Rod Nickel Organizations: Marine, White, REUTERS, Rights, Democratic, Republican, Biden, America, Reuters, Trump, New York Times, Sienna College, SCRANTON, Scranton, Thomson Locations: Washington , U.S, Philadelphia, Pennsylvania, Montgomery County, Scranton , Pennsylvania, St .

Biden’s troubles stem in large part from negative perceptions about the economy, even as several indications show that it is performing strongly. Here’s a deeper look at what “Bidenomics” has, and hasn’t, accomplished. Since Biden took office, employers have created 14 million jobs, and the unemployment rate has been hovering around a 50-year-low for months. “Bidenomics is just another way of saying the American dream,” he said in a speech. The economy grew last quarter at nearly 5 percent, belying a global slowdown.

Persons: Biden, Donald Trump —, ”, Bidenomics, It’s Organizations: Infrastructure Investment, Jobs Locations: America

Tuesday’s legislative elections in Virginia will provide key tests for both parties’ messaging ahead of 2024, as well as the state’s GOP governor. “I think they’re the most important elections in America because these issues that are so important to Virginians are also the ones that are going to be so important to Americans next year,” Virginia GOP Gov. The battles for the state House of Delegates, which Republicans control, and the state Senate, which Democrats control, could come down to a handful of districts. And they’ll test Youngkin’s own political power as he’s brushed off questions about his presidential ambitions. Ambassador Nikki Haley’s paid private speeches, noting that she did not keep records of what she said to the groups.

Persons: “, Glenn Youngkin, ABC’s, NBC’s Gary Grumbach, Katherine Koretski, Sen, Siobhan Dunnavant, Democrat Schuyler Van, Youngkin, Joe Biden, Kamala Harris, NBC’s Gabe Gutierrez, Julia Jester, Megan Lebowitz, ’, Biden, Alex Seitz, Wald, Ron DeSantis, ”, NBC’s Matt Dixon, Jonathan Allen, Ali Vitali, Nikki Haley’s, Peter Nicholas, Carol E, Lee, South Carolina Sen, Tim Scott’s, Robert F, Kennedy, Jr, Brandy Zadrozny, He’s, Peter Meijer, who’s, Brandon Presley, Tate Reeves Organizations: GOP, Virginians, ”, ” Virginia GOP Gov, Delegates, District, Democrat, NBC News, Democratic, Biden, Israel, Hamas, Democrats, Republican National Committee, New York Times, Florida Republican Party, Florida GOP Gov, Florida GOP, South, Public Service, GOP Gov Locations: Virginia, America, ” Virginia, Democrat Schuyler Van Valkenburg, Youngkin, Michigan, Florida, South Carolina, Black, Michigan’s, Mississippi

(That’s despite Trump being nearly as unpopular and fighting multiple legal battles; he is taking the stand on Monday in one of them. And, on PredictIt, which is watched by political experts, Biden holds a six-point lead on Trump.) Just 2 percent of voters said the economy was excellent, the poll found. Worryingly for Biden, that discontent is being reflected in demographics crucial to his re-election: 48 percent of Black voters in the Times/Siena poll rated the economy as poor, as did 59 percent of voters under 30. Zero respondents in that age group in Arizona, Nevada and Wisconsin rated the economy as excellent.

Persons: Biden, Donald Trump, Trump, Worryingly Organizations: Trump, White, Biden, Times Locations: Siena, PredictIt, Arizona , Nevada, Wisconsin

☆ Voters' grim economic outlook helps boost Trump in new battleground poll
▼ + stars: | 2023-11-06 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

The margins were between 4 and 10 percentage points, with a survey sampling error of between 4.4 and 4.8 points per state. The only state where voters said they would choose Biden over Trump was Wisconsin, where the president led the Republican front-runner by 2 points, within the margin of error. During the 2020 election, Biden won all six of these battleground states, albeit some by very slim margins. These issues will be top of mind for voters next year; 57% of respondents said economic issues would be the most important factor in their vote. The survey points to troubling signs ahead for the Biden reelection campaign.

Persons: Joe Biden, Donald Trump, Trump, Biden, Barack Obama's Organizations: Americas, Economic Prosperity, ’, The New York Times, Siena College, Trump, Republican, Biden Locations: Washington , U.S, U.S, Michigan , Pennsylvania, Arizona, Georgia, Nevada, Wisconsin

☆ NEC Director Lael Brainard: Both the policies and economic record of President Biden are very strong
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNEC Director Lael Brainard: Both the policies and economic record of President Biden are very strongLael Brainard, National Economic Council Director and former Federal Reserve vice chair, joins 'Squawk Box' to discuss the state of the U.S. economy, whether 'Bidenomics' is working, why Americans haven't been on board with President Biden's economic plan, and more.

Persons: Lael Brainard, Biden, haven't, Biden's Organizations: NEC, National Economic, Federal Reserve Locations: U.S

☆ Biden hails hot GDP report, but voters don't see the rosy picture Wall Street does
▼ + stars: | 2023-10-26 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

President Joe Biden speaks during an event on the economy, from the South Court Auditorium of the Eisenhower Executive Office Building on the White House complex, Monday, Oct. 23, 2023. WASHINGTON — The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence that his economic policies are working. The number beat Wall Street expectations and marked the biggest quarterly GDP gain since late 2021. For months, Biden has traveled the country giving speeches on his economic agenda, dubbed "Bidenomics," and the booming economy. Yet polling shows Americans overall are still uncertain that the economy is truly strong, and voters still favor Republicans on economic issues.

Persons: Joe Biden, Eisenhower, WASHINGTON —, Biden Organizations: South, WASHINGTON, Bidenomics, Thursday's Commerce, White Locations: WASHINGTON — The, Thursday's, U.S

Mr. Biden’s polling numbers have been mired in dangerous territory since he oversaw the chaotic American military withdrawal from Afghanistan. “There is a need, but do we really need that significant amount?”She said she did not watch Mr. Biden’s Oval Office address on Thursday. About 20.3 million people watched Mr. Biden’s speech across 10 television networks, according to preliminary data from Nielsen. When Mr. Trump spoke about immigration from the Oval Office in January 2019, about 40 million people tuned in. Most immediately, Mr. Biden faces the challenge of what he can do to secure the release of Americans being held hostage in the Gaza Strip.

Persons: ”, “, ” Julian E, it’s, Biden’s, Israel —, Samantha Moskowitz, Ukraine “, Moskowitz, Biden, Donald J, Trump, Nielsen, Stanley B, Greenberg, Clinton’s, Israel, George W, Bush, Mr, Elizabeth Warren of Massachusetts, Antony J, Blinken, Zelizer, Charles R, Jr, Ronald Reagan, ” Paul Begala, Begala, ” Mr, Black, ” John Koblin, Sharon Dunten Organizations: Princeton University, Georgia Gwinnett College, Biden’s, Nielsen, Israel, Fox, Quinnipiac University, Iraq, Democratic, Hamas, Mr, Republicans Locations: Afghanistan, Israel, Ukraine, Atlanta, Biden’s State, Iran, Russia, United States, Vietnam, Iraq, Gaza, New York, Norcross , Ga

☆ Biden takes jobs message to Republican hardliner Lauren Boebert's district
▼ + stars: | 2023-10-16 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

The trip is part of a nationwide tour by Biden and his top aides to promote his economic agenda, which the White House calls “Bidenomics”. In May, Biden made his case on the debt ceiling issue in a New York congressional district that Republicans won by a narrow margin. She was not invited to Biden’s event, the White House official said. Biden won the county by 1,520 votes in November 2020, after Trump had claimed victory by 390 votes in 2016. Biden won Colorado with over 55% of the vote in 2020 against Trump.

Persons: Joe Biden, Lauren Boebert, Donald Trump ., Ken Cedeno, Biden, Boebert, “ Bidenomics, Monday’s, Democratic president’s, Kamala Harris, Republican Majorie Taylor, Trump, America ”, ” Organizations: WASHINGTON, Colorado Congressional, Republican, Donald Trump . U.S, Human, Washington Convention Center, REUTERS, White House, Democratic, Republicans, Biden, U.S, Capitol, Democrat, Colorado, Trump, “, America Locations: Colorado, Washington , U.S, Pueblo , Colorado, New York, Republican Majorie Taylor Greene’s, Georgia, Pueblo County, Denver, Boebert’s

☆ The UK Labour Party has a Biden-esque economic plan — but it's very different to Bidenomics
▼ + stars: | 2023-10-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesLONDON — The U.K.'s main opposition Labour Party last week set out the economic platform it hopes will propel it to power at next year's general election, and the transatlantic parallels were clear. Reeves promised last week to "rebuild Britain" as the party seeks to de-risk business investment in emerging technologies with a new national wealth fund, maintaining an active state while harnessing private investment to drive economic growth. Labour's desired parallels to "Bidenomics" were discussed at a host of fringe events throughout the conference in Liverpool, particularly with regards to the "crowding in" of private investment — a Keynesian economic theory that suggests increased government spending can spur increased private investment. Just because the policies may be oriented towards boosting infrastructure and investment, unless they have that debt finance component, it's not Bidenomics."

Persons: Keir Starmer applauds, Paul Ellis, Keir Starmer, Starmer, they're, Rachel Reeves, Joe Biden's, Reeves, Britain —, Biden, Kallum Pickering, Liz Truss, Truss, Rishi Sunak, Pickering, it's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Labour, U.S, Biden administration's, U.S . Treasury, CNBC, Bank of England, Conservative Party, U.S ., University of Pennsylvania Locations: Liverpool, England, America, Britain, Germany, France

☆ ‘That’s Bidenomics in Action’
▼ + stars: | 2023-10-14 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/inflation-prices-real-wages-bidenomics-interest-rates-9cda8a2f

Persons: Dow Jones

☆ Biden takes credit for easing inflation, strong job market as GOP polls better on economy
▼ + stars: | 2023-10-12 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

WASHINGTON — President Joe Biden lauded Thursday's Labor Department report showing relatively stable inflation, taking credit for a recent spate of positive economic news. The consumer price index, a key inflation gauge, increased 0.4% in September and 3.7% compared to a year ago. Republicans consistently poll better than Democrats on dealing with economic issues, a hurdle Biden is trying to overcome as the 2024 election looms. "This morning's report shows core inflation fell to its lowest level in two years," Biden said in a statement Thursday. The president hailed the recent economic numbers as "Bidenomics in action."

Persons: Joe Biden, Dow Jones, Biden, Nonfarm payrolls Organizations: White, WASHINGTON, Thursday's Labor Department, Dow, NBC, Republicans, Labor Department Locations: Washington

☆ US solar company Suniva to restart idled factory thanks to Biden climate law
▼ + stars: | 2023-10-11 | by ( Nichola Groom | ) www.reuters.com time to read: +4 min

The company is the latest to commit to new U.S. solar production capacity since passage last year of the Inflation Reduction Act (IRA), which subsidizes domestic manufacturing of clean energy equipment. "Solar cells can succeed in this market. Suniva will begin producing solar cells, the building blocks of solar panels, at its Norcross, Georgia, facility in the spring of next year, the company said. OIC also committed capital this year to Canadian solar manufacturer Heliene for a new U.S. cell and panel factory in Minnesota. But he credits subsidies contained in the IRA for finally enabling Suniva to produce solar cells again.

Persons: Joe Biden, Brian Snyder, Joe Biden's, Matt, Suniva, Card, Trump, Biden, Suniva's Card, John Podesta, Bidenomics, Nichola, Marguerita Choy Organizations: Democratic, Plymouth Area Renewable Energy Initiative, REUTERS, Reuters, Orion Infrastructure Capital, Lion, White House, Thomson Locations: Plymouth, Plymouth , New Hampshire, U.S, Georgia, China, Norcross , Georgia, New York, Minnesota, Lion Point, America, KS

☆ Biden cheers jobs numbers, asks House to get back to work
▼ + stars: | 2023-10-06 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks on the September jobs report at the White House in Washington, D.C., on Oct. 06, 2023. "The unemployment rate has stayed below 4% for 20 months in a row, the longest stretch in 50 years," Biden said at the White House. "House Republicans shouldn't put us back in a crisis again," Biden said. "House Republicans, it's time for you to do your job, continue our progress growing the economy, investing in America, investing in the American people. Biden said he would try to work with whoever is ultimately elected speaker of the House.

Persons: Joe Biden, Biden, Nonfarm, Dow Jones, Republicans shouldn't, Kevin McCarthy, Matt Gaetz, let's, We've Organizations: White, Washington , D.C, WASHINGTON, Republicans, Democratic, Dow, U.S . Department of Labor, Rep Locations: Washington ,, Florida, America

☆ US economy added 336,000 jobs last month, almost twice what was expected
▼ + stars: | 2023-10-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

The US economy added an estimated 336,000 jobs last month, blowing expectations out of the water, according to Bureau of Labor Statistics data released Friday. In September, leisure and hospitality helped drive job growth higher, with 96,000 jobs added. Today’s headline jobs number — that surprising 336,000 net job gain — is an initial estimate that will be revised twice more. The surprising September jobs report, however, didn’t continue that streak. August’s second look has job growth now at 227,000 for the month, an increase of 40,000.

Persons: ”, Sung, Soh, Joe Biden, “, it’s, ” Biden, Andrew Patterson, ” Patterson, they’ve, Jim McCoy, we’re, ” Daniel Zhao, Glassdoor’s, ” Julia Pollak, didn’t, ” Diane Swonk, — CNN’s Tami Luhby Organizations: Minneapolis CNN, of Labor Statistics, Loyola Marymount University, SS Economics, BLS, Federal Reserve, Dow, Nasdaq, Bureau of Labor Statistics, Vanguard, Fed, Administration, Children, Families, Nationwide, Century, CNN Locations: Minneapolis, United States

For now, the White House plans to seize upon the dysfunction for as long as it lasts. The two declared candidates for the speakership, Reps. Jim Jordan of Ohio and Steve Scalise of Louisiana, each have their own history with the Biden White House. White House officials have been steadfast in trying to highlight the broader economic progress since the height of the pandemic and when inflation had soared to record highs. Gas prices remain one of the data points that White House officials are watching most closely and with heightened sensitivity. House Republicans, it’s time for you to do your job,” he said.

Persons: Joe Biden, he’s, Biden, ”, nothing’s, ” Biden, Andrew Bates, “, can’t, Jim Jordan of, Steve Scalise, Jordan, Scalise, White, It’s, Roosevelt, let’s Organizations: CNN, Republican, Ukraine, House, GOP, Republicans, Biden White, nonfunctioning, Kyiv, White, Biden, Democratic, House Republicans Locations: New York, Washington, Jim Jordan of Ohio, Louisiana, Ukraine, United States, America

GOP nominees in both states — Kentucky Attorney General Daniel Cameron and first-term Mississippi Gov. '”In 2020, then-President Donald Trump won 62% of the vote in Kentucky and 58% in Mississippi in his loss to Biden. In Mississippi, Reeves put aside anti-Biden rhetoric when he appeared with the president to survey tornado damage in March. “Well, I say a vote for him is a vote for the corrupt system in place,” Presley said of Reeves. A vote for Brandon Presley is a vote for Brandon Presley.”___Emily Wagster Pettus reported from Jackson, Mississippi.

Persons: Joe Biden, Daniel Cameron, Tate Reeves —, Carrie Archie Russell, Donald Trump, Biden, ” Russell, there's, Andy Beshear, He's, Steve Beshear, Matt Bevin, Brandon Presley, Elvis Presley —, Reeves, ” Beshear, Beshear, Cameron, “, ” Cameron, Presley, you’ve, ” Reeves, “ You’ve, You’ve, Bennie, Brandon, ” Bennie, Bennie Thompson, —, Thompson, ” Presley, ”, Emily Wagster Pettus Organizations: Republican, Democratic, Vanderbilt University, Republican Party, Democrat, Biden, Trump, Beshear, Kentucky Chamber of Commerce, Democrats, Democratic U.S . Rep, U.S . Capitol, of Human Services Locations: LOUISVILLE, Ky, Kentucky, Mississippi, it's, nationalize, In Mississippi, U.S, ” In Mississippi, Mississippi’s, America, Jackson , Mississippi

☆ The idea Bidenomics isn't working is 'completely belied by statistics': CEA Chair Jared Bernstein
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe idea Bidenomics isn't working is 'completely belied by statistics': CEA Chair Jared BernsteinJared Bernstein, chairman of President Biden’s Council of Economic Advisers, joins 'Squawk Box' to discuss the funding deal signed by President Biden to avoid a government shutdown, the state of the U.S. economy, and more.

Persons: Jared Bernstein Jared Bernstein, Biden Organizations: Biden’s, Economic Advisers Locations: U.S

☆ A government shutdown isn’t good for Republicans like me
▼ + stars: | 2023-09-29 | by ( Anna Lee | Opinion Mike Lawler | ) edition.cnn.com time to read: +6 min

Reckless spending and radical policies created near-record inflation, soaring grocery bills, rising energy costs and skyrocketing interest and mortgage rates. That’s why we are barreling toward a shutdown rather than agreeing on a spending package to keep the federal government working. Worse, they seemingly live in an alternate reality where Republicans control the White House and the US Senate as well as the House of Representatives. My constituents sent me here to represent their interests, and let me tell you, no one wins in a government shutdown. Bipartisanship isn’t a sign of weakness, and it isn’t something to be derided; it’s a sign of a functional democracy.

Persons: Mike Lawler, Michael V, Bidenomics ”, Biden, Newsflash, Matt Gaetz, –, Kevin McCarthy, Let’s Organizations: New, Congressional, Financial Services, House Foreign Affairs, SALT Caucus, Caucus, Scenic Trails Caucus, Moldova Caucus, CNN, Lawler, Republican Conference, Republican, GOP, White, Senate, Representatives, Biden, New York Locations: United States, Washington, New York, Florida, New, New York’s

Biden and Trump bid for blue collar votesIn an extraordinary show of support, President Biden plans to join striking autoworkers on the picket line in Michigan on Tuesday. It comes a day before Donald Trump is expected to speak to union members in Detroit instead of participating in the second Republican primary debate. The competing visits come as the two home in on battleground states ahead of next year’s election. But their appearances also reveal a political battle to become the voice of blue collar workers at a time when both candidates are struggling to win over mainstream voters and even some within their own parties. is somewhat troublesome for him: It includes incentives for automakers to make more electric vehicles, which labor leaders say will depend on non-union jobs and require fewer workers.

Persons: Biden, Trump, Donald Trump Organizations: Republican Locations: Michigan, Detroit

The central bank's quest for a "soft landing" of more slowly rising prices and continued economic growth looks increasingly probable. In fact, the U.S. may hit a sweet spot just as the 2024 presidential election campaign crescendos next year. Rather than cheering, though, after years of economic turbulence since the coronavirus pandemic erupted in 2020, Americans grumble, at least if you ask them about the economy. With fast rising prices and the end of an array of pandemic-era government benefit programs, inflation-adjusted household income fell last year, and the poverty rate increased. A Biden adviser said the White House understands that the economy and inflation are a critical issue, and the campaign has a big media push planned on "Bidenomics."

Persons: Sarah Silbiger, Jerome Powell, crescendos, grumble, Joe Biden, Donald Trump, Jimmy Carter's, Ronald Reagan, George H, Bush, Democrat Bill Clinton, Clinton, Biden, They've, that's, Robert Shiller, stupidly, Shiller, Powell, Howard Schneider, Trevor Hunnicutt, Heather Timmons, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Rights, . Federal, Reuters, Republican, Biden, Democrat, U.S . Consumer, Yale University, McKinsey & Company, McKinsey, Thomson Locations: Mount Pleasant, Washington ,, U.S

☆ First on CNN: Two out of three workers say prices are still rising faster than wages, new survey shows
▼ + stars: | 2023-09-25 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN on Monday. High inflation is a major reason why just 42% of employees say they feel financially well, according to the Bank of America survey. Likewise, 64% of employees say they are stressed about their finances. 23% of women losing sleep over moneyJust 38% of women say they feel financially well, according to the Bank of America survey. While 61% of Asian employees say they feel financially well, just 44% of White employees, 40% of Hispanic and 35% of Black said the same.

Persons: That’s, “, ” Lorna Sabbia, Joe Biden, Biden, ”, Black, Sabbia, ” Sabbia Organizations: New, New York CNN, Bank of America, CNN, Bureau of Labor Statistics, of Labor Statistics, Bidenomics The Bank of America, ABC News, Washington Post, ABC, “ Companies Locations: New York

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