State Government
Missouri’s economic development leader touts new companies, more jobs(The Center Square) – After 11 months as interim director of Missouri’s Department of Economic Development, Maggie Kost is seeing positive outcomes and overseeing the distribution of millions in… Read More
Economy
Producer price index rises 8.7% in past year(The Center Square) – Producer prices shot up 8.7% in August over the previous 12 months, according to U.S. Bureau of Labor Statistics’ Producer Price Index released Wednesday. Read More
Economy
Biden touts Inflation Reduction Act, critics say student loan cancellation offsets gains(The Center Square) – President Joe Biden touted the recently passed Inflation Reduction Act during a speech Tuesday, but analysts point to the recent student debt cancellation as an… Read More
Economy
Stocks plummet on worse-than-expected inflation news(The Center Square) – U.S. stocks plummeted Tuesday after the federal government reported another sharp rise in food and other prices in August despite falling gas prices. The… Read More
Opinion
Op-Ed: Workers increasingly favor Right to Work statesUnion bosses and their apologists often grossly understate, or forget about altogether, regional cost-of-living differences when they are debating living standards in Right to Work states versus in forced-unionism… Read More
Economy
Report: Record 63% of small businesses freeze hiring(The Center Square) – Small businesses are increasingly unwilling to hire because they can’t afford to take on new costs, according to a newly released survey. The small… Read More
Biden administration
Student debt will rise to pre-cancellation levels in less than a decade, budget group says(The Center Square) – It will take less than a decade for student loan debt to return to the level it was at before President Joe Biden canceled nearly… Read More
Biden administration
Budget group: Student loan payment deferments cost taxpayers $155 billion, benefits doctors, dentists more than most(The Center Square) – Estimates vary widely on how much President Joe Biden’s $10,000-20,000 per borrower cancellation of student loans will cost taxpayers, but a new analysis estimates the… Read More
Economy
Home sales decline, mortgage payments up 54%(The Center Square) – The National Association of Realtors released new data Wednesday reporting that mortgage payments have risen more than 50% in the last… Read More
Economy
Feds confirm GDP decreased for two consecutive quarters this year(The Center Square) – The U.S. Gross Domestic Product decreased by 0.6% in the second quarter of this year, new data from the Bureau of Economic Analysis released Thursday… Read More
Biden administration
Majority of Americans are concerned Biden student loan forgiveness would hike inflation(The Center Square) – A majority of Americans think inflation will rise if President Joe Biden goes through with a potential plan to forgive $10,000 in student debt per… Read More
Economy
Report details threat to future Illinois taxpayers posed by excessive borrowing(The Center Square) – A report shows the state of Illinois has one of the largest debt liabilities in the country. The American Legislative Exchange Council, or ALEC,… Read More
Economy
Americans don’t expect Inflation Reduction Act to actually reduce inflation, poll finds(The Center Square) – The majority of registered voters don’t expect the Inflation Reduction Act to actually reduce inflation, according to a new poll.A Morning Consult/Politico … Read More
Economy
Proposed tax cut, declines in unemployment, gas prices highlight Missouri economics(The Center Square) – Missouri’s economic landscape was shaped by two data points this week and an announcement on Monday about a tax cut. Missouri’s unemployment… Read More
Economy, Uncategorized
Housing affordability hits lowest point in years, trade group says(The Center Square) – The U.S. housing market is the most unaffordable that it’s been since the Great Recession, a homebuilding trade group said on Thursday. Read More
Inflation
White House heralds inflation data, but critics push back(The Center Square) – The Biden administration celebrated improved monthly inflation data released Wednesday, but critics quickly pushed back, saying inflation remains at 40-year highs.The U.S. Bureau of… Read More
Inflation
Food prices rise fastest rate since 1970s(The Center Square) – Despite slowing inflation in July, food prices have continued to rise at historic levels, the U.S. Bureau of Labor Statistics reported Wednesday. “The… Read More
Gas Prices
U.S. oil and gas industry: 10 actions to reduce high energy prices that won’t cost taxpayers $740 billion(The Center Square) – Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the… Read More
Inflation
Inflation Reduction Act criticized for raising taxes, not reducing inflation(The Center Square) – As policymakers debate the so-called Inflation Reduction Act in Washington, many are saying claims of no tax hikes on the middle class are not true. Read More
Economy
Critics: Small businesses in the crosshairs of new IRS auditing ‘army’(The Center Square) – Senate Democrats’ recently passed $740 billion health care and climate legislation has taken criticism on many fronts, but critics are raising the alarm that a… Read More