Companies prepare for potential lower demand. America’s manufacturing activity fell for the fourth month while prices paid to manufacturers also decreased to the lowest level in more than…
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President Calls for Oil Companies to Reinvest Profits
He urged Congress to raise their taxes if production is not increased. President Joe Biden has urged Congress to increase taxes on oil and gas companies’ profits if…
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IRS Hires 4,000 Customer Service Reps
Being trained in taxpayer rights and technical account management. The Internal Revenue Service announced that 4,000 additional customer service representatives have been hired and are being trained to…
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FTC Explores Reduction of Junk Fees
Extra, unnecessary charges are common in multiple industries. The Federal Trade Commission (FTC) opened public comments this week to inform potential policies against junk fees. Junk fees are…
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Legislation Addresses Farm Worker Labor Shortage
Such shortages add to the cost of food. The Farm Workforce Modernization Act was introduced last year by Representative Zoe Lofgren of California and is being debated in…
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Labor Department Releases Third Quarter Data
Wages and labor spending increased, no indicators show inflation slowing. The Labor Department released third-quarter information showing that worker pay and benefits rose rapidly compared to the year…
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President Announces Protections from Junk Bank Fees
He says the measure will help struggling families. On Wednesday, President Joe Biden announced the implementation of protections from what he called “junk fees.” The measures include prohibiting…
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The U.S. Has 25 Days of Diesel Supply
The shortage could disrupt supply chains National Economic Council Director Brian Deese described the 25 days of diesel supply as “unacceptably low.“ The advisor to President Biden stated that…
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Thanksgiving Turkeys to Cost More This Year
Supply is also expected to be low. Between avian flu, inflation, and supply chain challenges, Thanksgiving turkeys will be both hard to find and more expensive than ever. When…
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Federal Reserve Says Business Outlook is Pessimistic
“Beige Book” reflects some easing of inflation. On Wednesday, the Federal Reserve reported that economic activity expanded modestly in recent weeks although it remains flat in some regions…
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