House Speaker Nancy Pelosi channeled her inner Jeb Bush yesterday, begging her audience for applause and signs of approval as Democrats held a self-congratulatory celebration to tout the passing of their so-called “Inflation Reduction Act.”
A letter has been dispatched to members of the U.S. Senate asking them to kill a Democrat bill that disparages marriage and would impose penalties on those who hold to traditional values.
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.
The Consumer Price Index (CPI), a key measure of inflation, increased by 8.3 percent in August compared to the same time last year and increased 0.1 percent from the previous month, the Bureau of Labor Statistics revealed on Tuesday.
Indicators that investors use to gauge the health of the U.S. stock market have taken a turn for the worse, fueling worries that the benchmark index may revisit its mid-June bear market low.
The Biden administration is hard at work – just not at solving the border crisis, bringing down inflation, dealing with massive spikes in crime across our cities, or upping our foreign policy game.
