Airfare has increased 38 percent. The cost of domestic air travel has risen by nearly 40 percent and demand is sending those prices higher. According to the head of…
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Unemployment Claims Higher Than Estimated
Highest level since January. The Labor Department reported that unemployment claims for the week ending on June 4 reached 229,000, increasing by 27,000 from the last period. The number,…
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Congress Concerned by Current VA Home Loan Program
Veterans turning to other options besides VA mortgage program. A letter from members of Congress to Secretary Denis McDonough of the Department of Veterans Affairs was released on…
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President Responds to Strong Jobs Report for May
He says the U.S. can address inflation from a “position of strength.” On Friday, President Biden praised the May jobs report as evidence of the economy’s underlying strength.…
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USDA Announces Additional Support for Meat Industry
Expands competition funding and workforce training. Last week, Secretary Tom Vilsack announced additional action steps that the U.S. Department of Agriculture (USDA) will be taking to support American…
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President Sets Out Plan to Fight Inflation
He will “build on historic recovery.” On Tuesday, President Biden laid out a three-part plan for combating high inflation. “We have a chance to build on a historic recovery…
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Job Training Deficit Leaves Critical Jobs Open
Labor department assesses supply chain worker shortage. Members of Congress and the White House have begun to evaluate the lagging workforce development as inflation continues to increase. In…
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White House Considers Waiving Smog Rules for Cheaper Gas
Governors urging smog waiver. The White House is considering combating rising gas prices by waiving summertime environmental gasoline regulations. Oil refiners and blenders sometimes mix low-cost, high carbon…
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President May Tap Strategic Diesel Reserve
Decline in diesel inventories causes concern. The next step for President Joe Biden in mitigating the damage of supply shortages and rampant inflation could be tapping into the…
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Department of Commerce Releases Sales Report
Market unstable, but balanced by consumer spending The Department of Commerce released its monthly sales report last week, showing that consumer spending was surprisingly strong in the midst…
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