Inflation

Trump Treasury Nominee to Advocate for Tax Relief, Pro-Growth Policies

Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.

Biden Issues Farewell Letter Highlighting Self-Praise, Achievements, and Legacy

President Joe Biden released a farewell letter to the nation on Wednesday ahead of his Oval Office address. The letter reflected on his tenure, showcasing what he claims are key accomplishments and personal triumphs during his presidency.

Kohl’s to Close 27 ‘Underperforming’ Stores Across the United States

Kohl's has announced it will close 27 underperforming stores across the U.S. by April 2025, representing less than 3% of its over 1,150 locations.

Trump Team Promotes ‘Make America Wealthy Again’ Vision Ahead of Inauguration

With less than a week until Inauguration Day, former President Donald Trump’s team is rallying support for his “Make America Wealthy Again” (MAWA) agenda, a continuation of his America First policies. In a video released to Breitbart News, Trump lays out his promises to reduce costs and reinvigorate the economy by prioritizing energy independence, cutting taxes, and fighting inflation.

Macy’s Announces Plans to Close Over 60 Stores Nationwide

Macy’s has announced plans to close 66 underperforming stores this year as part of its Bold New Chapter strategy, which includes closing about 150 underproductive locations over a three-year period.

California Official Prohibits Insurance Cancellations in Fire-Plagued Areas

California’s insurance commissioner, Ricardo Lara, issued a one-year moratorium on non-renewals and cancellations in areas affected by the state's fires.

Yellen Admits COVID Relief Spending Contributed to Inflation

U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.

College Costs Are Falling at Public Schools, Student Debt Decreases

College costs are dropping, especially at public universities, where tuition and student debt have declined significantly over the past decade. According to the College...

Gallup Poll Ranks Joe Biden as Second-Worst U.S. President

A Gallup poll released Tuesday found that President Joe Biden is ranked as the second-worst president in American history, surpassed only by Richard Nixon. Despite efforts by Biden and his aides to frame his presidency as one of historic significance, the data paints a starkly different picture.

Claire McCaskill: ‘Bitter’ Trump Did Not Face Higher Political Consequences for January 6

Former Democratic Senator and MSNBC contributor Claire McCaskill expressed frustration over President-elect Donald Trump’s continued political success despite the events of January 6, 2021. Speaking on MSNBC’s Deadline, McCaskill stated she felt “bitter” that Trump had not paid a “higher political price” for his actions.

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