Economics

U.S. income inequality grew through pandemic years, Fed survey shows American families on average saw large gains in income and wealth from 2019 to 2022 and households became less fragile during a period marked by the severe disruptions of the COVID-19 pandemic and massive subsequent government spending, a Federal Reserve survey published Wednesday showed. Ann Saphir Reuters

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It's the last day of the largest health care strike in US history | CNN Business The largest health care strike in US history is now in its third, and final, day. Samantha Delouya CNN

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The temporary work stoppage will end at 6 am Pacific Time on Saturday morning, concluding a massive labor effort involving more than 75,000 health care workers and spanning four states.

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US judge refuses to block Medicare from negotiating drug prices | Reuters

Sept 29 (Reuters) - The U.S. government's Medicare health insurance program can begin negotiating prices for some prescription drugs this fall under a new program, a federal judge ruled on Friday, vindicating one of President Joe Biden's signature initiatives.

The order by U.S. District Judge Michael Newman in Dayton, Ohio, comes in a lawsuit brought against the Biden administration by the U.S. Chamber of Commerce.

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