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On Friday’s edition of NBC’s “MTP Now,” NBC News White House Correspondent Mike Memoli stated that “the Biden team has seemed to concede that there’s nothing they’re going to be able to do to fix the inflation problem” and are trying to reframe things to a “stylistic” argument. Memoli said, “Every single demographic, every poll shows the number one issue, cost of living, inflation. And the Biden team has seemed to concede that there’s nothing they’re going to be able to do to fix the inflation problem. So, they’re trying to make this a whose side are you on, who...

President Biden is facing an American public that trusts his top political rival far more on inflation and economic matters, issues that are likely to loom large in voters’ minds at the ballot booth in November. A poll released last week from the Cook Political Report, conducted with Democratic and Republican strategy firms, showed that likely voters across seven “swing states” overwhelmingly disapprove of the job Biden is doing on the economy.

The American Dream in Pennsylvania has a price tag: $230,464. That’s the cost for a family of four to live “comfortably” in The Keystone State. The tally is based on the “50/30/20 Rule,” which holds that half of a household’s income should be spent on housing and necessities, a third on nonessentials like eating out and entertainment, and the rest on savings and debt. Here’s the problem: the average household income in Pennsylvania is $100,837, which falls short of the American Dream sticker price by more than a factor of two. In fact, only 10% of Pennsylvania households have an...

The cost of living defines the 2024 presidential election, with voters in battleground states favoring former President Donald Trump and prioritizing the economy over abortion — Democrat President Joe Biden’s top campaign issue — a new survey found. The Swing State Project report released on Friday, a collaboration between the Cook Political Report, GS Strategy Group (a Republican polling firm), and BSG (a Democratic polling firm), found that the state of the economy ultimately outweighs the nation’s shifting abortion landscape going into November. The project surveyed 3,969 voters in seven battleground states from May 6 to May 13. “Right now,...

WILDWOOD, N.J. — Former President Trump held a raucous rally in New Jersey, where on Saturday he confidently predicted he would easily win the Garden State on Election Day in November. "We’re going to win New Jersey," the GOP frontrunner told the crowd to exuberant cheers. U.S. Rep. Jeff Van Drew, R-N.J., who briefly shared the stage with Trump, dubbed the event as the largest political rally in the state of New Jersey. A spokesperson for the City of Wildwood told the Associated Press she estimated there were between 80,000 and 100,000 people at the rally. Trump devoted much of...

Former President Donald Trump vowed in Wisconsin to trash President Joe Biden’s so-called “Bidenomics” and reinstate “MAGAnomics” upon victory in November. The average Wisconsin family lost $21,981 due to the increased cost of living under Biden, the Republican National Committee estimated. The economy is the number one issue in 2024, according to CNN. About half of voters in swing states Wisconsin, Pennsylvania, and Michigan believe the economy got worse under Biden’s management, a CBS News poll found Sunday.

Treasury Secretary Janet Yellen contrasted "the robust US economy that has characterized President Biden's two plus years in office with the dismal Trump years. The lockdowns cost tens of millions their livelihoods. Businesses were ordered shuttered. Many laid off employees others went bankrupt. In the summer of 2020 the unemployment rate was 14%. Now it is less than 4%. Bidenomics has surpassed MAGAnomics by a wide margin. This is quite a feather in the President's cap." From a different perspective, the economy doesn't look as good as Yellen says it is. The inflation injected into our economy by Biden's spending...

President Trump’s economic architect, who is promoting the phrase “MAGANOMICS,” believes that the impact of the 2017 tax cuts has yet to hit and when it does “things could get even better.” Budget chief Mick Mulvaney told an economic group,... “I actually think things could get even better because I don’t think you’ve seen the full impact of the tax bill into the overall economy.” Many economists, previewing the release of the second quarter growth figure Friday, are predicting it will top 4 percent. “Everything is moving in the right direction, moving toward a healthy American economy again,” he told...