Seeks to measure changing business conditions. The U.S. Census Bureau announced the launch last week of the Business Trends and Outlook Survey (BTOS). This new experimental survey replaces…
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Secretary Granholm to Meet with Oil Executives
Seeking executive input for oil price solutions. In the letter President Biden wrote to oil executives on Wednesday, he stated that they should begin working with Energy Secretary…
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President Calls on Oil Companies to Increase Gas Output
Sent a letter to CEOs with expectations. President Biden told the CEOs of the nation’s major oil companies in a letter that he is considering invoking emergency powers…
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Federal Reserve Raises Key Rate 0.75 Percent
Short-term rate now 1.75%, could still increase. On Wednesday, the Federal Reserve announced that it will be addressing inflation by raising its interest rate from 1% to 1.75%.…
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HUD Launches New Affordable Housing Program
Our Way Home initiative established across the country. Housing and Urban Development Secretary Marcia Fudge recently announced the establishment of the Our Way Home initiative. A part of…
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Unemployment Claims Higher Than Estimated
Highest level since January. The Labor Department reported that unemployment claims for the week ending on June 4 reached 229,000, increasing by 27,000 from the last period. The number,…
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Vice President Directs Investments to Curb Future Migration
Partners with large companies to plan for economic investment. The White House announced on Tuesday that Vice President Kamala Harris is bringing together large corporations to help address…
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Congress Concerned by Current VA Home Loan Program
Veterans turning to other options besides VA mortgage program. A letter from members of Congress to Secretary Denis McDonough of the Department of Veterans Affairs was released on…
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President Responds to Strong Jobs Report for May
He says the U.S. can address inflation from a “position of strength.” On Friday, President Biden praised the May jobs report as evidence of the economy’s underlying strength.…
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Russia-Ukraine War Reaches 100 Days
No path projected to end the conflict. As Russia’s invasion of Ukraine enters its 100th day with no clear end in sight, Ukrainians are more determined than ever…
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