The Biden administration is exposing so-called junk fees in the housing rental industry in an effort to make the actual cost of housing more transparent to consumers. President Joe Biden announced the initiative on July 19 at a meeting of the White House Competition Council, an inter-agency task force formed in 2021 to combat unfair…

Former Treasury secretary Lawrence Summers sees a “real risk” of stagflation in the U.S. economy and believes the Federal Reserve committed a mistake by not recognizing inflation earlier on. In an April 20 podcast with journalist Kara Swisher, Summers was asked about economist Mohamed El-Erian’s warning that the crisis triggered by the collapse of Silicon…