They are responding to pressures of inflation. The Internal Revenue Service announced Tuesday that it is raising the income threshold for all tax brackets and will also increase…
Read MoreInflation
President Calls for Increased U.S. Oil Production
White House plans to restock emergency reserves. On Wednesday, President Biden announced a plan he claims will produce a “profit for taxpayers” and it includes increased production from…
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Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
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President Plans More Strategic Oil Reserve Releases
Will give out 10 to 15 million barrels between now and midterms. Earlier this week, President Biden suggested he would announce new actions to address rising gas prices,…
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USDA Seeks Public Comment Regarding Discrimination
Lending programs are the focus of desired feedback. The U.S. Department of Agriculture (USDA) opened up public comment last week, requesting input on how to best assist farmers…
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President Signs Executive Order to Lower Drug Costs
The order complements actions taken under the Inflation Reduction Act. On Friday, President Biden signed an executive order directing the Department of Health and Human Services to consider…
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Social Security Benefits Up 8.7% in 2023
The highest increase in four decades is in response to inflation. Social Security checks will be 8.7% higher beginning in January, the largest cost of living adjustment benefits…
Read MoreInflation Higher Than Expected in September
President acknowledges the possibility of a “slight” recession. The Bureau of Labor Statistics released a report on Wednesday showing that inflation, as measured by producer wholesale prices, was…
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Postal Service Raises Forever Stamp Prices
Three cent increase to account for inflation. The U.S. Postal Service (USPS) recently filed a notice that proposed raising the price of first-class Forever mail stamps from 60…
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Treasury Seeks Public Input for Climate Tax Breaks
Feedback is requested on the use of the $270 billion allocation. The Treasury Department published a request for public input this past week, seeking insights on how best…
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