The bill would increase benefits for certain public workers. Legislation advanced in the House Ways and Means Committee would eliminate rules that reduce Social Security benefits to persons…
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VA Extends Pandemic Hardship Relief
The pandemic program will now expire at the end of 2022. The Department of Veterans Affairs (VA) has extended its hardship suspension for benefit debts to December 31.…
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More American Workers Going on Strike
Many seek pay raises to keep up with inflation. In the past few weeks, thousands of teachers in Ohio and Washington, nursing home workers in Pennsylvania, and health…
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Treasury Department Reports $220 Billion August Deficit
The number is 29% higher than August of 2021. This week, the Treasury Department posted the U.S. government’s receipts for August 2022, reporting a $220 billion budget deficit.…
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President Promotes Electric Vehicles in Michigan
Outlines plan for a network of 500,000 charging stations. President Joe Biden made an appearance this week at the North American International Auto Show being held in Detroit,…
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President Issues Order Blocking Chinese Tech Investments
Access to private citizen data is also blocked. On Thursday, President Joe Biden signed an executive order directing the panel screening foreign investment to look at deals in…
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President Celebrates Inflation Reduction Act
Hosts event on the White House lawn to express economic optimism. President Joe Biden gave a speech on the White House Lawn on Tuesday, celebrating the signing of…
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August CPI Report Shows Inflation at 8.3%
Federal Reserve poised to again raise interest rates. The Consumer Price Index for August shows inflation is up 8.3 percent from a year ago. Economists were expecting a lower…
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Treasury Secretary Says Gas Prices Could Spike Again
Oil prices are on the increase. Oil prices rose Monday as supply concerns are mounting heading into the winter months. Although gasoline at the pump has gone down in…
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Secretary Yellen Gives Economic Policy Speech in Detroit
Touts investments into “forgotten and overlooked” industry communities. Treasury Secretary Janet Yellen gave a speech in Detroit, Michigan, on Thursday in support of the strategies of President Biden’s…
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