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 MoreInflation
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
HUD Launches New Affordable Housing Program
Our Way Home initiative established across the country. Housing and Urban Development Secretary Marcia Fudge recently announced the establishment of the Our Way Home initiative. A part of…
Read More
Travelers Continue to Fly as Air Fare Rises
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…
Read More
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,…
Read More
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…
Read More
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.…
Read More
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…
Read More
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…
Read More