U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.
A new YouGov/Economist poll asking Americans about the likelihood of various "dire political scenarios" found that half the country think that within ten years the US will no longer be a global superpower and there will be a "total economic collapse."
Three in ten Americans did not receive any vaccine for the Chinese coronavirus, despite the government’s coercive efforts and attempts at enforcing mandates and restrictions, a poll from The Economist/YouGov found.
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 significant cost of a less-covered aspect of Biden’s plan.
Despite claims from Biden administration officials that new funding for the Internal Revenue Service (IRS) will not increase the auditing burden on individuals and small businesses, a Friday letter from the Congressional Budget Office (CBO) reveals new auditing activity targeting taxpayers who report less than $400,000 per year will be expected to contribute to about $4 billion in revenue.
