Biden is viewed as a drag on Democratic midterm hopes
President Biden is once again being viewed as a serious drag on his party’s midterm prospects, after a late summer bump had some thinking he would be less of an anchor around Democratic lawmakers seeking reelection. With three weeks to go until Election Day, Democrats say they are worried that Biden’s shaky approval ratings will end up hurting their chances in the House and Senate races. And as inflation soars and fear of a recession continues to mount, Democrats say the president will end up being “the fall guy,” as one source put it, even if some in the party do
Read MoreHow to prepare for a potential recession in 2023
Many market watchers are predicting a recession in 2023 as the Fed continues to raise interest rates in its battle against 40-year-high inflation. Due to a persistently hot job market, a recession is not a certain fate, but the economy has already contracted for two quarters in a row, and a period of cooling off after the blistering recovery from pandemic shutdowns is only logical, some analysts say. Recessions inspire fretting from CEOs and workers alike, but they're a normal part of the business cycle. Recessions are also retroactively designated, so w
Read MoreFive takeaways from the fiery Demings-Rubio debate in Florida
Sen. Marco Rubio (R-Fla.) and his Democratic rival, Rep. Val Demings (D-Fla.), faced off in a bitter debate on Tuesday that underscored the stakes of the U.S. Senate contest in one of the country’s most unpredictable states. The debate — the only face-to-face showdown between the two candidates — touched on everything from abortion rights to Florida’s wavering property insurance market, and gave both candidates ample opportunity to go on the offensive mere weeks before Election Day. Here are five takeaways from the Senate debate in Florida. Bitterness
Read MoreWarnock takes the gloves off against Walker in Georgia
Sen. Raphael Warnock (D-Ga.) is signaling that he’s ready to ditch his typically restrained persona in favor of more direct attacks on his Republican opponent Herschel Walker as the Georgia Senate race enters its final stretch. In recent days, Warnock, who has built his campaign around his work in the Senate and a record of bipartisanship, has shifted toward more open confrontation with Walker. He used a Sunday debate that Walker did not attend to hammer the former football star over his history of domestic violence and leveled another series of attacks on Monday, accusing W
Read MoreUS to announce release of 15M barrels of oil from strategic reserve
The U.S. will release 15 million barrels of oil from its strategic reserve, Biden administration officials plan to announce Wednesday. The 15 million barrels are the final tranche of a disbursement of 180 million announced in March and comes as energy prices threaten to rise again less than a month before Election Day. Rising prices have emerged as a drag on Democrats as polls show the economy is one of the issues most top of mind for voters as they head to the ballot box. Early voting began in some states this week. The sale comes after OPEC+ announced a produ
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