President Biden is re-tooling his economic to-do list. The Bureau of Labor Statistics report indicates that prices across a range of goods and services rose 7 percent between…
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House Subcommittee Wants Meat Processors to Explain Price Hikes
Members considering federal investigation. Chairman of the House Subcommittee on Economic and Consumer Policy Representative Raja Krishnamoorthi of Illinois published a series of letters on Tuesday addressed to…
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President Marks One Year with Press Conference
He is working to reset his agenda ahead of midterm elections. President Biden held a press conference Wednesday in the East Room of the White House, marking one…
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Inflation Reaches Historic Levels
Highest amount since 1982. The Labor Department released the Consumer Price Index (CPI) for December on Wednesday, reporting a 0.5% increase in pricing overall in the last month.…
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President Seeks to Lower Meat Prices
New initiative would help independent farmers and ranchers. President Biden recently met virtually with independent farmers and ranchers to lay out his plans to reduce food prices by…
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Consumer Price Inflation Up by Nearly 7%
Most single-year inflation since 1982. On Friday, the Labor Department released updated numbers for the Consumer Price Index which monitors the prices of goods that the average person…
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Inflation Hits 31-Year High
The Consumer Price Index is up 6.2% over last October. The Department of Labor, which maintains data on the cost of living, has reported that the Consumer Price…
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President Discussed Supply Chain with Major CEOs
Concerns about shortages in labor and goods continue to grow. President Biden spoke on Tuesday with the chief executives at Walmart, United Parcel Service, FedEx, and Target to discuss speeding…
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President Visits Baltimore to Promote Infrastructure Bill
Addresses new spending to address rising consumer costs. President Joe Biden traveled to Baltimore, Maryland, on Wednesday to begin his national tour promoting Congress’ passage of the $1…
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IRS Increases 401(k) Contribution Limit
Maximum contributions to IRAs is unchanged. The Internal Revenue Service announced that workers will be able to set aside more money for their 401(k) plans in 2022. The employee contribution limit…
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