Latest News Updates From Josh Boak

GovernmentBusiness

White House Targets Economic Risks From Climate Change

WASHINGTON — The Biden administration is taking steps to address the economic risks from climate change, issuing a 40-page report Oct. 15 on governmentwide plans to protect the financial, insurance and housing markets and the savings of American families.

October 15, 2021
GovernmentBusiness

Biden to Launch Task Force on Bottlenecks in Supply Chains

WASHINGTON — The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.

June 8, 2021
GovernmentBusinessFuel

Biden Warns Against Gas Price Gouging After Cyberattack

President Joe Biden warned gasoline stations not to engage in any price gouging as motorists wait for fuel to start flowing reliably through the Colonial Pipeline, which reopened on May 12 after falling victim to a cyberattack.

May 13, 2021
GovernmentBusiness

White House Grades States’ Infrastructure as It Pushes Bill

WASHINGTON — President Joe Biden wants Congress to know he’s sincere about cutting a deal on infrastructure, but the White House is also highlighting needed repairs and upgrades state-by-state that cost far more than what Republicans are willing to spend.

April 12, 2021
GovernmentBusiness

CBO Projects 4.6% Growth, Jobs Lag in 2021

The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Feb. 1.

February 1, 2021
GovernmentBusinessLogistics

US Sales of Existing ºÚÁϳԹÏÍøs Jump 20% After 3-Month Slump

Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.

July 22, 2020
GovernmentBusiness

Survey: 2.76 Million Layoffs in May, Far Fewer Than Expected

U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.

June 3, 2020
GovernmentBusiness

New-ºÚÁϳԹÏÍø Sales Climbed 7.9% in January

WASHINGTON — U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth.

February 26, 2020
GovernmentBusinessFuel

US Adds 145,000 Jobs; Unemployment Holds at 3.5%

WASHINGTON — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors.

January 10, 2020
GovernmentBusiness

Survey: US Companies Added 202,000 Jobs in December

BALTIMORE — U.S. companies added 202,000 jobs in December, led by robust hiring in construction, trade, transportation and utilities, according to a private survey.

January 8, 2020