Executive order stands as district court addresses lack of specificity. In January 2021, President Joe Biden paused new leases for oil and gas extraction on federal land, in…
Read MoreCost of Living
Postal Rates to Increase for Holidays
USPS says the hike is temporary. The United States Postal Service filed a notice this week of a temporary price hike for this year’s peak holiday season, which…
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Average Price for Gasoline Below $4
Inflation expectations are also diminishing. On Thursday, AAA posted the national average price of a gallon of regular gas at $3.990, dropping under $4 for the first time…
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Inflation Eased Slightly in July
The costs of energy and gasoline declined. The Labor Department issued its Consumer Price Index measure for July on Wednesday that showed the pace of price increases slowing…
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Household Debt Tops $16 Trillion for First Time
Credit card balances grow to their highest level in 20 years. The New York Federal Reserve reported that household debt climbed past $16 trillion in the second quarter…
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Treasury Finds Gas Prices Improved with SPR Releases
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…
Read MoreFed 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…
Read MoreMiddle-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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