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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National Average Gas Price Continues to Climb
Experts anticipate the cost to reach $6 per gallon by August. Analysts at JPMorgan-Chase predict another surge in gasoline prices this summer, saying drivers across the nation could…
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President Visits Samsung Plant in South Korea
He is advocating for legislation to boost chip making. A Samsung semiconductor plant was among the stops made by President Biden as he begins his trip to Asia.…
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Social Security Checks Could See Big Increase
Experts say checks could jump 8.6 percent. Seniors and other people who rely on Social Security benefits could see their biggest cost-of-living adjustment since 1981 next year, with…
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Federal Reserve Chair Secures Second Term
Jerome Powell received bipartisan support. The Senate on Thursday voted 80-19 to give Federal Reserve Chairman Jerome Powell a second four-year term, keeping him as the head of…
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Administration Cancels Oil and Gas Drilling Leases
Gulf of Mexico and Alaska Coast are affected. President Biden’s administration canceled plans to auction drilling rights in three regions off the U.S. coastline later this year, adding…
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President Says Inflation is Top Domestic Priority
Meanwhile, gas prices hit all-time high. President Biden stated on Tuesday that addressing inflation is his “top domestic priority” particularly as midterm elections loom. “I want everyone to know…
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