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
Economy
Small businesses risk shutting down in droves amid elevated inflation, energy prices(The Center Square) – Nearly half of American small business owners say they are at risk of closing down this fall, according to new survey data.The small business… Read More
Economy
Manufacturing leaders: American businesses face major issues due to inflationary pressure(The Center Square) – Several manufacturing and business leaders are concerned about how inflationary pressures are hurting businesses through heightened input and transportation costs. Participants at a round table… Read More
Economy
Producer Price Index rises 11.3%, another worrying inflation marker(The Center Square) – Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything. The… Read More
Inflation
Inflation soars 9.1% in past 12 months(The Center Square) – Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years. Read More
Inflation
Fed survey reports record-high consumer expectations for inflation(The Center Square) – Americans are more pessimistic about coming inflation than ever recorded, new survey data shows. The New York Federal Reserve released the June 2022 Survey… Read More