163 Paul Lawrence Vann - The Current State Of The U.S. Economy and How It Impacts Your Personal Economy

In what is one of the most impactful  dynamics taking place
in the U.S. is its economy. The  White House and the U.S.
Congress are working to try to bridge the gap for U.S. citizens
however they have a lot of work to do. 


Post-Thanksgiving,  Black Friday, Small Business Saturday,
and Cyber Monday have all made positive impacts on the economy,
however, it's not enough to help the recovery. What must take
place is the debt limit must be raised  to cover the cost of
the previous administration, without it, the government may
experience a closure, furloughs, and much, much more.


U.S. Treasury Secretary Janet Yellen urged Congress to raise the
U.S. debt limit or risk undermining what she described as the
U.S. economy's "quite remarkable" recovery from the COVID-19
pandemic. Yellen, in remarks prepared for a Senate Banking
Committee hearing on Tuesday, said she was confident "at this
point" that U.S. economic growth remained strong, but said
failure to deal with the debt limit would "eviscerate" the
recovery.


Inflation is another aspect of the U.S. economy that must be
dealt with because families can't keep up with inflation, many of
them have struggled with the challenges of job losses, job
changes, starting their own business, and starting life all over
again. The price of gas, eggs, milk, and bread is creating a food
access crisis throughout the U.S.


Furthermore, Fed Chairwoman Yellen also called on Congress to
pass President Joe Biden's $1.75 trillion social and climate
spending bill, saying it would end the "childcare crisis" and let
parents return to work. The Build Back Better (BBB) bill is being
factored into the recovery of the U.S. economy and rightfully so.
With the BBB the U.S. economy can get back on solid footing
heading into 2022.


Discover more about Paul Lawrence Vann and Wealth Building
Academy, LLC at  https://bit.ly/3fA9u3m