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Biden Administration Redefines Recession, Critics Say

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Twitter is trending the topic "white house recession" after the White House website published a press release that appears to…
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Wholesale Inflation Surges Past Predictions; June Inflation Breakdown

Economy
Refinitiv economists had predicted that inflation would be 8.8 percent with wholesale inflation - a driving force in the price…
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Inflation Hits 9.1 Percent for June 2022, Highest Since 1980

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Wednesday morning saw the release of yet another historical inflation rate, the highest since December 1981. The latest inflation rate…
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Latest Jobless Claims Report Shows Highest Rate Since January

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The Labor Department released jobless claim reports for the last week in June this morning. The rate of initial claims…
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Powell: Inflation “Not Putin’s Price Hike”

Economy
Fed Chair Jerome Powell testified on Wednesday in front of the Senate Banking Committee regarding the current inflation rate among…
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Biden Mulling Gas Tax Holiday in Wake of Record Prices

Economy
Gas prices reached a national average of $5.01 last week, with all states reporting gas prices of at least $5…
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Gas Prices Hit Historical High of $5 National Average

Economy
The national average price for a gallon of gas has hit $5, the highest in twenty years. AAA released that…
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Fed Makes Historic Interest Rate Hike This Week

Economy
On Wednesday, the Federal Reserve made history when it raised interest rates by three-fourths of a point (or 75 basis…
Exxon Gas Station

Biden Blames Big Oil for Historic Gas Prices; Exxon Mobil Claps Back in Letter

Economy
On Wednesday, the president addressed the nation regarding the economy, including historic gas prices. For the first time in history,…
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Is a Recession Coming? Here’s What it Might Look Like

Economy
It's no secret that the American - and global - economy is bleak at the moment. Americans are paying over…

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