Chairman Powell says they will “do whatever it takes.” Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. central bank will “do whatever it takes” even if…
Read MoreInflation
Legislation to Reduce Insulin Costs Proposed in Senate
Bipartisan bill could impact 8.4 million Americans. On Wednesday, Senator Jeanne Shaheen of New Hampshire and Senator Susan Collins of Maine unveiled a draft for bipartisan legislation to…
Read More
Legislators Propose Review of Semiconductor Supply Chain
Chips are primarily produced in Taiwan. A bipartisan group of legislators in the House of Representatives led by Representative Mike Gallagher of Wisconsin is proposing a systematic review…
Read More
Secretary Yellen Says Gas Tax Holiday Worth Considering
National average price per gallon exceeds $5. Treasury Secretary Janet Yellen said a federal gas tax holiday to ameliorate the burden of rising gas prices across the country…
Read More
Small Businesses Fall Behind in Hiring
Inflation is taking its toll. Data shows that companies with 50 workers or less have lost employees and face hiring difficulties over three of the past four months. Keeping…
Read More
Secretary Granholm to Meet with Oil Executives
Seeking executive input for oil price solutions. In the letter President Biden wrote to oil executives on Wednesday, he stated that they should begin working with Energy Secretary…
Read More
Bill Would Add $200 Each Month to Social Security
Plan would also give program a financial “shoring up.” Representative Peter DeFazio of Oregon and Senator Bernie Sanders of Vermont introduced the Social Security Expansion Act. Social Security recipients…
Read More
President Calls on Oil Companies to Increase Gas Output
Sent a letter to CEOs with expectations. President Biden told the CEOs of the nation’s major oil companies in a letter that he is considering invoking emergency powers…
Read More
Federal Reserve Raises Key Rate 0.75 Percent
Short-term rate now 1.75%, could still increase. On Wednesday, the Federal Reserve announced that it will be addressing inflation by raising its interest rate from 1% to 1.75%.…
Read More
President Slated for Middle East Trip in July
Israel, West Bank, and Saudi Arabia are on the itinerary. President Joe Biden plans to travel to the Middle East next month, making stops in Israel, the West…
Read More