Experts say checks could jump 8.6 percent. Seniors and other people who rely on Social Security benefits could see their biggest cost-of-living adjustment since 1981 next year, with…
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Federal Reserve Chair Secures Second Term
Jerome Powell received bipartisan support. The Senate on Thursday voted 80-19 to give Federal Reserve Chairman Jerome Powell a second four-year term, keeping him as the head of…
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President Hosts Southeast Asian Leaders
Will unveil new regional trade pact plan. The leaders of eight Southeast Asian nations were hosted at the White House by the president this week for a two-day…
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President Comments on U.S. Economy
Promotes the American Jobs Plan. President Joe Biden spoke this week on the state of the U.S. economy and what his administration plans to do to address it.…
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President Says Inflation is Top Domestic Priority
Meanwhile, gas prices hit all-time high. President Biden stated on Tuesday that addressing inflation is his “top domestic priority” particularly as midterm elections loom. “I want everyone to know…
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Speaker Pelosi Announces Minimum Annual Pay in House
One in eight congressional staffers make less than $42K. Last week, House Speaker Nancy Pelosi announced that starting in September, the House of Representatives will be implementing minimum…
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White House Economist Discusses Recession Threat
U.S. is equipped for downturn, he said. America’s gross domestic product (GDP) shrank by 1.4 percent in the first quarter of 2022 after posting significant gains to round…
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Secretary Buttigieg Testifies Before Senate
Answers budget questions from Senate Commerce, Science, and Transportation Committee. This week, Secretary Pete Buttigieg testified before the Senate Commerce, Science, and Transportation Committee. Members of the committee…
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U.S. Job Openings Hit Record High
More people are also quitting jobs. The Department of Labor released its report on the employment market in March. Job openings and the number of times workers have…
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Fastest Rate Hikes in Decades Coming from Federal Reserve
Latest attempt to fight inflation. The Federal Reserve is poised this week to accelerate its most extreme steps in three decades to attack inflation by making it costlier…
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