Prices

Trump to Declare National Energy Emergency to Boost U.S. Energy Production

President-elect Donald Trump plans to declare a national energy emergency to enhance American energy production and reduce energy costs, according to an incoming administration official. The soon-to-be 47th president will sign a series of executive orders shortly after his inauguration to accelerate domestic energy development.

Michigan Sees Stark Increase in Gas Prices

Michigan drivers are feeling the pinch at the gas pump this week, with gas prices rising 12 cents since last week, according to AAA.

New Poll Shows Majority of Americans Optimistic About Trump’s Return to the White House

A new CBS poll reveals that most Americans are feeling hopeful about the next four years under President Donald Trump, with optimism surpassing levels seen at the start of his first term in 2017.

House Democrats Oppose Trump’s Sweeping Tariff Plans

House Democrats are opposing President-elect Donald Trump's proposed tariff increases. Representatives Suzan DelBene (D-WA) and Don Beyer (D-VA), joined by 11 other Democrats, introduced...

Senator Ted Cruz Reintroduces ‘No Tax on Tips Act’

On January 16, 2025, Senator Ted Cruz (R-TX) reintroduced the bipartisan "No Tax on Tips Act," aiming to exempt gratuities from federal income taxation.

Congressional Watchdog Recommends Changes to Prevent Future Infant Formula Shortages

A recent report from the U.S. Government Accountability Office (GAO) highlights key vulnerabilities in the infant formula supply chain and suggests reforms to prevent future shortages. This comes after a 2022 formula crisis left families across the nation struggling to access an essential source of infant nutrition.

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.

Pharmaceutical Group Marked Up Drug Prices by 1,000%

The Pharmacy Benefit Managers (PBMs) marked up the cost of some prescription drugs by 1,000%, according to a report from the Federal Trade Commission (FTC). Some of the drugs with significant price jumps included those for HIV and cancer.

Joy Reid Alleges Billionaire Conspiracy Amid California Wildfires

On her Monday night show, MSNBC’s Joy Reid made a controversial claim, alleging that the "billionaire right" plans to exploit the destruction caused by the ongoing Los Angeles wildfires to create "apartheid-like conditions" in Southern California.

SEC Sues Elon Musk

The U.S. Securities and Exchange Commission (SEC) sued Elon Musk over his $44 billion purchase of Twitter, now called X, in 2022.

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