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
Politics
Republican governors call Democrat spending bill “reckless”(The Center Square) – Twenty-one Republican governors called the Inflation Reduction Act “another reckless tax and spending spree” in a joint statement released Thursday. The legislation, dubbed the… Read More
Economy
More Americans reported loss of pay in July(The Center Square) – New jobs data shows that a significant number of Americans saw their income shrink last month even as prices continue to rise. Read More
Economy
High housing costs pressure military families(The Center Square) – High inflation rates have left veteran and military families feeling the pain. According to the U.S. Bureau of Labor Statistics’ latest federal report,… Read More
Economy
Biden denies recession after GDP decline, but economists say otherwise(The Center Square) – The U.S. economy has shrunk for six consecutive months, according to federal data released Thursday, which led many economists to declare a recession. But the… Read More
Economy
‘Uncharted Territory:’ U.S. debt will nearly double GDP within 30 years, Feds say(The Center Square) – Federal debt will nearly double the nation’s Gross Domestic Product by 2052 if it continues on its current trajectory, the U.S. Congressional Budget Office says… Read More
Economy
Recession? GDP shows 2nd consecutive quarter of negative growth(The Center Square) – U.S. Gross Domestic Product decreased by 0.9% in the second quarter of 2022, according to new data from Bureau of Economic Analysis, signaling the start… Read More
Inflation
Americans feeling pain of inflation as they begin back-to-school shopping(The Center Square) – Inflation has soared in the past year, and parents are feeling the difference as they start back-to-school shopping this year. A new Morning Consult … Read More
Economy
Inflation is hammering rural America, report shows(The Center Square) – A report from Iowa State University shows that rural Americans are feeling the pain of inflation more than the rest of the country. Read More
Economy
Nearly half of small businesses are in hiring freeze, citing inflation and costs(The Center Square) – Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows. Read More
Economy
Chicago residents could see property taxes quadruple last year’s increase(The Center Square) – Chicago property owners could see a massive spike in property taxes in 2023 after Mayor Lori Lightfoot linked property tax rates to inflation. She says… Read More
Economy
Senator Cruz: High health-care premiums, worker shortage hurting small businesses(The Center Square) – U.S. Sen. Ted Cruz, R-Texas, argued for the need to bring down health-care premiums to help small businesses stay competitive during a Wednesday forum in… Read More
Economy
Economist: 30% chance that U.S. enters a recession within a year’s time(The Center Square) – A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years. Goldman… Read More
Economy
Poll: 3 out of 4 middle class families are falling behind as prices rise(The Center Square) – Three out of four middle class households report falling behind the rising cost of living as inflation continues to soar, according to a new poll. Read More
Biden administration
Poll: Biden’s economic approval rating hits new low(The Center Square) – As Americans continue to face soaring inflation and high gas prices, President Joe Biden’s economic approval rating has hit a new low. According to a… Read More
State Government
Parson signs $15 million manufacturing bill in St. LouisST. LOUIS, Mo. – Missouri Gov. Mike Parson signed a $15 million manufacturing bill in St. Louis last week designed to increase production of technology and medicine in Missouri. … Read More