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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Interest Rates Raised Again by Federal Reserve
The third straight month of supersized rate increase. On Wednesday, the Federal Reserve raised rates by three-quarters of a point and projected a more aggressive path ahead, suggesting…
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President Addresses UN General Assembly
He called for more support for Ukraine. In a speech before the United Nations General Assembly on Wednesday, President Joe Biden defined the conflict in Ukraine as a…
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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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Gulf of Mexico Oil and Gas Lease Sales Reinstated
Action in compliance with the Inflation Reduction Act. The Department of the Interior reinstated an offshore oil and gas lease sale that was invalidated by a federal judge…
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President Celebrates Inflation Reduction Act
Hosts event on the White House lawn to express economic optimism. President Joe Biden gave a speech on the White House Lawn on Tuesday, celebrating the signing of…
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More House Members Oppose Senate Energy Side Deal
Letter sent to House speaker to remove the provision from funding bill. On Monday, 77 members of the House signed a letter written by House Majority Leader Steny…
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August CPI Report Shows Inflation at 8.3%
Federal Reserve poised to again raise interest rates. The Consumer Price Index for August shows inflation is up 8.3 percent from a year ago. Economists were expecting a lower…
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