Officials estimate fuel releases kept prices 20 to 40 cents lower. The Department of the Treasury released calculations this past week that estimate tapping into the Strategic Petroleum…
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Fed Raises Rates 0.75 Percent Again
Credit tightens as the economy begins to slow. On Wednesday, the Federal Reserve raised its benchmark interest rate by three-quarters of a point for the second straight time…
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Middle-Class Families Falling Behind Financially
Inflation continues to rise. A new Primerica poll shows that three out of four middle-class households report falling behind as the cost of living continues its increase. The…
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Inflation Hits 40-Year High
Fuel costs have contributed to the newest numbers. The economic report for June shows that prices were up broadly. Core prices, a measure that does not include food…
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Legislation to Reduce Insulin Costs Proposed in Senate
Bipartisan bill could impact 8.4 million Americans. On Wednesday, Senator Jeanne Shaheen of New Hampshire and Senator Susan Collins of Maine unveiled a draft for bipartisan legislation to…
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Bill Would Add $200 Each Month to Social Security
Plan would also give program a financial “shoring up.” Representative Peter DeFazio of Oregon and Senator Bernie Sanders of Vermont introduced the Social Security Expansion Act. Social Security recipients…
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President Responds to Strong Jobs Report for May
He says the U.S. can address inflation from a “position of strength.” On Friday, President Biden praised the May jobs report as evidence of the economy’s underlying strength.…
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Social Security Checks Could See Big Increase
Experts say checks could jump 8.6 percent. Seniors and other people who rely on Social Security benefits could see their biggest cost-of-living adjustment since 1981 next year, with…
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Fastest Rate Hikes in Decades Coming from Federal Reserve
Latest attempt to fight inflation. The Federal Reserve is poised this week to accelerate its most extreme steps in three decades to attack inflation by making it costlier…
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Weekly Unemployment Claims Lowest in 52 Years
Continuing claims also decrease. According to the report from the Department of Labor on Thursday, fewer people are receiving unemployment benefits now than they have in over half…
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