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Biden Admits Inflation Reduction Act Was Wrongly Named

President Joe Biden acknowledged Thursday that the $700 billion Inflation-Breaking Act, which does not curb inflation but instead allocates $369 billion for green energy projects, was misspelled. Biden's remarks came at an event in Westby, Wisconsin, where he was touting his Bidennomics investments. He called the Beat Inflation Act “the most important climate change legislation […]

Inflation Leaves the Middle Class Too Poor to Shop at Dollar Stores

Inflation cuts down the Dollar Tree Dollar Tree's latest earnings report is a stark reflection of the state of the American economy. We're not witnessing minor fluctuations in retail performance, but rather a sharp decline in the U.S. economy. A broader indictment of the economy Under the leadership of Joe Biden and Kamala Harris, it […]

How Harris could tackle food inflation

Vice President Harris' proposal to ban food price gouging has caused a stir in business circles, with traditionalists and business groups worried about shortages, while other economists argue the proposal is well-suited to the nature of post-pandemic inflation. Details of the plan have yet to be released by the campaign, but Harris' initial remarks suggest […]

Inflation Sends Cost of Cookouts Soaring

Americans are finding that firing up the grill and preparing the marinades over Labor Day weekend is losing out as they find that some of the staple ingredients for traditional barbecue are becoming significantly more expensive. It all starts with firing up the grill, which is more expensive than it was three and a half […]

Most Americans in new survey list inflation, homelessness as 'very serious' problems

The survey found that most Americans cited inflation and homelessness as “very serious” issues, as concerns about anti-Semitism and rising illegal immigration grew last year. New Research. A YouGov poll released Thursday found that inflation topped the list of “very serious” issues for voters for the third year in a row, with 67% saying the […]

Deficit spending, not 'price-gouging,' is driving inflation

In a recent speech, Vice President Kamala Harris announced a plan to ban what her campaign calls “food price gouging.” Americans are certainly concerned about rising costs, with the rising price of eggs being a prime example. 19 percent We've learned over the past year that inflation isn't caused by price gouging. But it can […]

Dow hits record close again as inflation data raises hopes of Fed rate cut

Wall Street closed higher on Friday, with the Dow Jones Industrial Average surging more than 200 points to close at another record high, as the latest U.S. economic data stoked hopes that the Federal Reserve will deliver a small interest rate cut in September. The Dow Jones Industrial Average rose 0.6% to 41,563.08 after hitting […]