Prices rose 7 percent in December, the fastest inflation pace in 40 years. Summary The consumer-price index, the government measurement that tracks the prices of goods and services, increased 7 percent in December 2021 compared to …
Category: Economy
Inflation hits a 39-year high in November. Some analysts are spinning it as positive news for 2022. Summary November’s inflation rate rose to its highest rate in nearly 40 years, with an annualized rate of 6.8%. …
The US is releasing 50 million barrels of crude oil while prices spike. It is being criticized by analysts and lawmakers alike. Summary President Biden announced Tuesday he will tap into the nation’s Strategic Petroleum Reserve …
Despite GOP Leader Kevin McCarthy’s eight-hour speech, the House passed Biden’s Build Back Better bill. Left- and right-wing media focused on the acrimony between Democrats and Republicans in the House. Summary House Democrats have passed a …
Inflation continues to rise as Americans have to pay more for gas and groceries. Leftist economists excuse it as a side effect of fighting for social and climate justice. Summary Inflation jumped to a 30-year high …
Democrats proposed a tax on unrealized capital gains to fund their social spending bill. Elon Musk and others are pushing back. Summary Congressional Democrats are turning to a specific tax on billionaires’ wealth to fund their …