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
Critics blast Biden over rising prices(The Center Square) – New inflation data released Tuesday showed that prices rose more than expected in the month of August, putting more pressure on Americans, many of… 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
Economy
Inflation report: Food prices continue sharp rise as gas costs drop(The Center Square) – Prices rose sharply again for food and most other items in the month of August even as gasoline prices dropped, newly released inflation data shows. Read More
Economy
Number of Americans citing ‘hardship’ from inflation rises, particularly among middle class(The Center Square) – The majority of Americans say inflation is causing them financial hardship, according to a new poll. While the Biden administration heralded a pause in… 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
Public Education
Report: South Carolina inflation-adjusted K-12 spending rose 19% since 2002(The Center Square) – South Carolina spends $14,310 per student in its K-12 public schools, an inflation-adjusted increase of 19% since 2002, according to a new study from… 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
McMorris Rodgers calls student loan forgiveness a ‘slap in the face’ to taxpayers(The Center Square) – U.S. Rep. Cathy McMorris Rodgers, R-Spokane, calls President Joe Biden’s decision to transfer student loan debt from borrowers to taxpayers a “dramatic overreach of his… 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
State Government
Governor aiming for permanent income tax cut, rather than one-time rebate, in Missouri legislative special sessionJEFFERSON CITY, Mo. – With 40-year-high inflation continually causing citizens to spend more for everyday items, legislators and political leaders are gearing up for a special session intended to… 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
Analysis: Inflation Reduction Act would increase taxes on nearly all Americans(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American, despite claims made by President Biden. “When we pass… 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, Education
Survey shows college students impacted by inflation(The Center Square) – A new survey shows that 1 in 4 college students have to drop classes due to high tuition rates and rising inflation. 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