US Economy

Americans Have Lost $4.2K in Income Under Biden

The average American has lost $4,200 in annual income since President Biden took office — entirely wiping out gains made under the Trump administration, an analysis from the Heritage Foundation shows.

Inflation Continued to Climb in August, Defying Expectations

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.

Fauci Will Be Held Accountable for COVID Origins Despite Resignation, GOP Says

'Fauci’s resignation will not prevent a full-throated investigation into the origins of the pandemic,' commented Sen. Rand Paul (R-Ky.).

U.S. Enters Recession Under Biden

U.S. economy shrank 0.2% in the June quarter, 0.9% on an annualized basis.

Biden Says Latest $700 Billion Green New Deal Spending Spree Will ‘Reduce’ Deficit

Joe Biden spoke to reporters on Thursday after the second quarter GDP numbers came in less than expected.

Bank of America Forecasts a Recession This Year With Economy Shrinking 1.4%

Bank of America has downgraded its expectations for the economy this year to include a “mild recession.”

While US Economy Crumbles, Biden Promises $200 Billion for Solar Panels, Vaccine Plants and Communication Links Around the World

Joe Biden promised the world $200 billion for communication links, vaccine plants, and solar panels.

Fed Hikes Rates by the Most in 28 Years, Signals Volcker-Era Is Back

The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps).

U.S. Senate Passes $40 Billion Ukraine Aid Bill

Only 11 Republicans voted 'no.'

Senate Moves $40 Billion Ukraine Aid Package Forward

Critics are calling out the Senate's decision due to shortages and other economic pressure on Americans.

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