President says Medicare continues negotiating drug prices to reduce costs. President Joe Biden reported that drugmakers have submitted counteroffers this week for Medicare’s new price negotiation program, beginning…
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FTC Sues to Block Grocery Chain Merger
Some state attorneys general join the effort to stop Kroger from merging with Albertsons. Nine state attorneys general joined a lawsuit with the Federal Trade Commission (FTC) this…
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Labor Department Reports Spike in Consumer and Housing Prices
Economists attribute increases to customary January surges. The Labor Department reported a spike in consumer prices in January, noting particular increases in food prices and rent prices. The…
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Legislation Introduced to Address Rent Price Fixing
Senator Wyden calls the software a “collusion… to charge above-market rent.” Senators Ron Wyden of Oregon, Amy Klobuchar of Minnesota, and Peter Welch of Vermont have introduced legislation…
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U.S. Chamber of Commerce Sues FCC Over Discrimination Rule
The lobbying group says the regulation is overly broad. The U.S. Chamber of Commerce, one of the nation’s largest lobbying groups, has sued the Federal Communications Commission (FCC)…
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Treasury Secretary Says Prices Are Not Coming Back Down
She says that the economy continues to defy recession. During a speech in Boston in early January, Treasury Secretary Janet Yellen said inflation was cooling and that, in…
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Census Reports on Population Shifts
75,000 have moved away from California. The U.S. Census Bureau has issued its latest population estimates. According to the bureau’s numbers, Florida gained more than 365,000 and Texas…
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Social Security and SSI to Increase Only 3.2% Next Year
The cost of living increase significantly less than the previous fiscal year. Social Security will increase their Supplemental Security Income (SSI) benefits by 3.2 percent for the 2024…
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Healthcare Workers Union Coalition Strike Begins
Union negotiators say compensation proposals do not reflect the cost of living. A strike of more than 75,000 healthcare workers with the Coalition of Kaiser Permanente Unions began…
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Federal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
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