Inflation
Former U.S. Treasury secretary says unemployment rate needs to rise to curb inflation(The Center Square) – The unemployment rate needs to rise in order to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says. According to the … Read More
Economy
U.S. Treasury Secretary says recession is not inevitable, CEOs say it is on the way(The Center Square) – U.S. Treasury Secretary Janet Yellen says that a recession is not inevitable, comments that have been met with skepticism by business leaders. In an … Read More
Gas Prices
Record high diesel prices threaten domino effect to other goods(The Center Square) – Record high diesel fuel prices are yet another driver of rising costs for Americans, and those costs could get even higher this year. Diesel… Read More
Biden administration, Inflation, Politics
White House: Biden’s fitness ‘not a question that we should be even asking’(The Center Square) – White House Press Secretary Karine Jean-Pierre this week dismissed concerns regarding President Joe Biden's possible re-election bid.In an interview with CNN's Don Lemon… Read More
Inflation, National
Two-thirds of Americans are raiding their savings to cover inflation costs as stagflation concerns mount(The Center Square) – The majority of Americans’ finances are worse than they were a year ago, and they’re blowing through savings to make ends meet as record-high inflation… Read More
Inflation, National
Inflation reaches 40-year high, making it harder to afford everyday staples(The Center Square) – Inflation remained painfully high in May, with consumer prices hitting a new four-decade high that is causing financial strain for Illinoisans. The Labor Department… Read More
National
Yellen to testify on Biden budget after admitting she was wrong on inflation(The Center Square) – U.S. Treasury Secretary Janet Yellen will testify before the Senate Finance Committee Tuesday, just days after she admitted she was wrong about inflation earlier in… Read More
National
Average Illinois gas prices nearly a dollar more than Missouri(The Center Square) – Gas prices continue to climb and likely won’t retreat anytime soon. The average cost of a gallon of regular gasoline in Illinois is… Read More
National
Majority of CEOs say economy will get worse(The Center Square) – A new survey of business leaders reports the majority are predicting an economic recession in the U.S. The Conference Board, a group for… Read More
National
As food prices soar with no end in sight, Americans change habits(The Center Square) – Americans are changing their shopping habits because of soaring food prices. And disruptions in the international farming community have some worried about the food supply… Read More
National
Gas prices hit new record highs to kick off week(The Center Square) – Gas prices hit another new record to kick off the week Monday, continuing a steady stream of record-breaking days. According to AAA, the national… Read More
National
Gas prices spike every day this week, hit another record high Friday(The Center Square) – Gas prices increased another 5 cents over night to reach yet another record high, marking another week where costs rose every day as economists worry… Read More
State Government
As some states take measures to relieve gas prices like tax suspensions, Illinois does little, critics say(The Center Square) – As gas prices continue to soar around the country, some states are taking action with sizable tax breaks. But in Illinois, little is being done,… Read More
National
Gas prices jump in leaps and bounds, setting another new record(The Center Square) – Gas prices spiked 10 cents in just two days this week, setting new records almost daily.The national average price for a gallon of unleaded… Read More
State Government
Missouri sets up refunds of gas tax increase(The Center Square) – Missourians can begin completing documents to reclaim the 2.5 cents per gallon motor fuel tax paid during the last nine months. Last… Read More
National
U.S. Treasury Secretary says she was wrong about inflation(The Center Square) – U.S. Treasury Secretary Janet Yellen admitted this week she was wrong and underestimated inflation, which continues to soar.During an interview with CNN's Wolf Blitzer… Read More
National
Gas prices spike again, set yet another record high By(The Center Square) – Gas prices spiked another five cents Wednesday to hit a new record high for the third day in a row this week. According to … Read More
National
Housing prices surge alongside increasing mortgage rates(The Center Square) – Housing prices have increased by 20.55% since March of last year, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. S&P… Read More
National
Gas prices hit new record high on Memorial Day(The Center Square) – The cost of gasoline hit a new record high on Monday as many Americans kicked off the summer season traveling over Memorial Day weekend. Read More
National
GOP governors urge Biden to remove international baby formula red tape(The Center Square) – A group of 19 Republican governors sent President Joe Biden a letter calling on the administration to increase access to baby formula nationwide. … Read More