Commission would address economic and military challenges from China. Senators John Cornyn of Texas and Tim Kaine of Virginia announced plans to create a 2-year commission to develop…
Read MoreEconomy
August Inflation Higher Than Expected
Food prices rising faster than other items. The Bureau of Economic Analysis released data on inflation for August which showed the personal consumption expenditure (PCE), excluding food and…
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President Urges Gas Stations to Lower Prices
He asks the same of cell phone services and banks. On Monday, President Joe Biden urged companies running gas stations, banks, and cell phone services to lower costs…
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Bank CEOs Questioned in House Hearing
Endorsed Federal Reserve hikes to counter inflation The House of Representatives Financial Services Committee questioned bank CEOs last week, inquiring on a variety of topics. The hearing primarily…
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House Committee Advances Social Security Benefits Bill
The bill would increase benefits for certain public workers. Legislation advanced in the House Ways and Means Committee would eliminate rules that reduce Social Security benefits to persons…
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VA Extends Pandemic Hardship Relief
The pandemic program will now expire at the end of 2022. The Department of Veterans Affairs (VA) has extended its hardship suspension for benefit debts to December 31.…
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More American Workers Going on Strike
Many seek pay raises to keep up with inflation. In the past few weeks, thousands of teachers in Ohio and Washington, nursing home workers in Pennsylvania, and health…
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Treasury Department Reports $220 Billion August Deficit
The number is 29% higher than August of 2021. This week, the Treasury Department posted the U.S. government’s receipts for August 2022, reporting a $220 billion budget deficit.…
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President Promotes Electric Vehicles in Michigan
Outlines plan for a network of 500,000 charging stations. President Joe Biden made an appearance this week at the North American International Auto Show being held in Detroit,…
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President Issues Order Blocking Chinese Tech Investments
Access to private citizen data is also blocked. On Thursday, President Joe Biden signed an executive order directing the panel screening foreign investment to look at deals in…
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