Food prices rising faster than other items. The Bureau of Economic Analysis released data on inflation for August which showed the personal consumption expenditure (PCE), excluding food and…
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House Bill Would Redirect IRS Funds to Border Patrol
Bill’s sponsor says failure to secure the border is a disaster. Representative Claudia Tenney of New York introduced legislation Wednesday that would redirect funds intended for the Internal…
Read MorePresident Urges Gas Stations to Lower Prices
He asks the same of cell phone services and banks. On Monday, President Joe Biden urged companies running gas stations, banks, and cell phone services to lower costs…
Read MoreBank CEOs Questioned in House Hearing
Endorsed Federal Reserve hikes to counter inflation The House of Representatives Financial Services Committee questioned bank CEOs last week, inquiring on a variety of topics. The hearing primarily…
Read MoreHouse Committee Advances Social Security Benefits Bill
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…
Read MoreInterest Rates Raised Again by Federal Reserve
The third straight month of supersized rate increase. On Wednesday, the Federal Reserve raised rates by three-quarters of a point and projected a more aggressive path ahead, suggesting…
Read MorePresident Addresses UN General Assembly
He called for more support for Ukraine. In a speech before the United Nations General Assembly on Wednesday, President Joe Biden defined the conflict in Ukraine as a…
Read MoreMore 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…
Read MoreGulf of Mexico Oil and Gas Lease Sales Reinstated
Action in compliance with the Inflation Reduction Act. The Department of the Interior reinstated an offshore oil and gas lease sale that was invalidated by a federal judge…
Read MorePresident 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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