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…
Read MoreEconomy
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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New Rules Ban Incandescent Lightbulbs
Energy Secretary says the move puts money back in American pockets. The Department of Energy finalized two new rules that require manufacturers to phase out any lightbulbs that…
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Commerce Secretary Announces Global CBPR Forum
Several nations collaborate to address global privacy. Secretary of Commerce Gina Raimondo announced last week the establishment of the Global Cross Border Privacy Rules (CBPR) Forum. Canada, Japan,…
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Weekly Unemployment Claims Lowest in 52 Years
Continuing claims also decrease. According to the report from the Department of Labor on Thursday, fewer people are receiving unemployment benefits now than they have in over half…
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Continuing Unemployment Claims Lowest Since 1970
Jobs are abundant as businesses experience a labor shortage. The Department of Labor reported that continuing claims for unemployment benefits fell 48,000 to 1,425,00 a week ago, the…
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Inflation Rises to 8.5 Percent in March
Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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