Treasury secretary nominee Scott Bessent turned the tables on independent Vermont Sen. Bernie Sanders at his Thursday confirmation hearing by pointing out that President Joe Biden awarded “oligarchs” with the highest honor.
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U.S. annual economic growth measured just 1.6 percent in the first quarter of 2024, following a report of persistently high inflation in March of 3.5 percent year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF.
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