Former White House economist warns Biden’s budget catalyzes an ‘economic disaster’
Economist Kevin Hassett examines President Biden’s 2025 budget proposal on “The Finish Line.” A former White House economist is angry about President Biden’s latest fiscal plan: increased taxes, benefits and a life in debt instead of the American Dream. “This budget is just amazing,” former Council of Economic Advisers Chairman Kevin Hassett said Monday on […]
Inflation ran hotter than expected in February as high prices persist
QI Research CEO and Chief Strategist Daniel DiMartino Booth responds to the ‘Apollo’ article claiming the Federal Reserve will not cut interest rates in 2024. Inflation unexpectedly rose in February due to soaring gasoline and rent prices, highlighting the challenge of containing price pressures in the economy. The Ministry of Labor announced on Tuesday that […]
Domestic oil production currently thrives, but the Biden administration fights it
Bear Trap Report founder Larry McDonald is reacting to January’s PCE report and its impact on the Fed’s closely monitored interest rate decisions. Despite the Biden administration’s aggressive green energy push, the US still leads the world in oil production, with the Energy Information Administration (EIA) naming the US the world’s top producer for the […]
Powerball jackpot rises to $559M after no winner in March 11 drawing
Check out what’s being clicked on FoxBusiness.com With no player winning the grand prize in Monday night’s drawing, the Powerball jackpot ballooned to an estimated $559 million. Monday night’s winning numbers were 1, 3, 7, 16, 66 and a red Powerball 5. The power play was 5x. No one won the estimated $532 million Monday […]
February inflation report expected to show another ‘strong’ monthly increase
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” A closely watched inflation report on Tuesday is expected to show progress in combating price pressures in the economy slowed again in February. Economists expect the consumer price index, which measures […]
US led global oil production for sixth straight year in 2023: EIA
Barrons Roundtable discusses oil prices and natural gas demand. America led the world oil production According to a new report from the Energy Information Administration (EIA), 2023 will mark the sixth consecutive year of growth. U.S. crude oil production, including condensate, will average 12.9 million barrels per day (b/d) in 2023, surpassing the U.S. and […]
Americans expect high inflation to linger in latest New York Fed survey
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” Americans are bracing for continued high inflation for years to come, according to a major New York Fed survey released Monday. The median expectation is inflation rate According to the New […]
Government gets fatter while Americans rack up record-high credit-card debt
“Kudlow” panelists Art Laffer and Steve Moore react to voters abandoning “Bidenomics” ahead of the 2024 presidential election. While the White House was giving a lecture. economic strengthAmericans are drowning in credit card debt, which reached a record $1.13 trillion by the end of last year. Of course, Americans are unhappy with the economy. We […]
Powerball jackpot grows to $532M after nobody matches winning numbers
Check out what’s being clicked on FoxBusiness.com The Powerball jackpot rose to an estimated $532 million because no ticket matched the winning numbers in Saturday night’s drawing. Saturday night’s winning numbers were 30, 36, 49, 52, 63 and a red Powerball 16. The power play was 5x. No one won the estimated $521 million jackpot […]
Mega Millions jackpot rises to $735M after nobody wins grand prize
Check out what’s being clicked on FoxBusiness.com The Mega Millions jackpot increased to an estimated $735 million after no tickets matched the winning numbers in Friday night’s drawing. The winning numbers drawn Friday night were 19, 20, 22, 47, 58 and the Mega Ball was 1. Megaplier he was 3X. No one took home the […]