spending

Transportation Secretary Pete Buttigieg takes a question from a reporter at a press briefing at the White House, Friday, April 9, 2021, in Washington. (AP Photo/Andrew Harnik)

Buttigieg takes back claim about Biden infrastructure plan

Transportation Secretary Pete Buttigieg rolled back his claims that Joe Biden’s American Jobs Plan would create 19 million employment opportunities.

FILE - In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Powell on Thursday, April 8, 2021 said the U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, though he cautioned not all will immediately benefit. (Al Drago/The New York Times via AP, Pool)

OAN Newsroom

U.S. spending, limited supply leads to increased prices

While speaking at the International Monetary Fund and World Bank spring meeting on Thursday, Federal Reserve chair Jerome Powell said the surge in U.S. spending as the economy reopens paired with limited supply is forecast to drive prices higher this year.

OAN Contribution

White House eyes massive spending for high speed rails

The Biden administration is expected to unveil it’s massive $3 trillion infrastructure plan this week. One America’s Shane Althaus has more on what the White House is proposing.

OAN Contribution

White House eyes massive spending for high-speed rails

Joe Biden’s economic advisors are expected to recommend up to $3 trillion in new spending plans, including massive infrastructure projects like high speed trains. One America’s Shane Althaus has more.