House Republicans voted Monday night to strip the Internal Revenue Service of $72 billion in funds secured by the 2022 Inflation Reduction Act. House Speaker Kevin McCarthy, R-Calif., characterized one of his first legislative moves as a “promise kept.” “I guess I question why they made the promise in the first place,” said Marc Goldwein,…

Rep. Jim Jordan (R-OH) will soon become chairman of the powerful House Judiciary Committee and he’s made it clear he’ll be forming a special subcommittee to look into what some Republicans are calling the “weaponization” of the FBI, DOJ, and other security agencies by the Biden administration. The formation of the subcommittee is part of…

American workers should see bigger paychecks this year as wages are expected to rise at the fastest rate in 15 years. An ultra-competitive jobs market is forcing employers to pay more to retain employees. Many companies are passing the cost on to customers in the form of higher prices. Straight Arrow News contributor Larry Lindsey…

The year 2022 has turned out to be one of the best years for job growth in modern U.S. history. December’s jobs report released Friday by the Bureau of Labor Statistics (BLS) showed another month of the economy beating job growth expectations, but did signal a slowdown in that growth. The U.S. economy added 223,000…

A new year means making resolutions that likely won’t stick, along with making fantastic predictions that will likely never come true. The latter is exactly what Denmark-based Saxo Bank does each year. We have the most outrageous predictions for 2023 in this week’s Five For Friday.  #5: Country bans meat production The global agenda to…

Compared to a year ago, auto executives are less bullish now about the adoption of electric vehicles. According to consulting firm KPMG, 76% believe inflation and high interest rates will adversely affect their business in 2023. Counterpoint Research, on the other hand, sees demand ticking up due to upcoming tax credits. Straight Arrow News contributor…

Minutes from the Federal Reserve’s latest meeting show officials worried the market could undermine the Fed’s efforts to bring down prices. Despite rumblings of a Fed pivot, the minutes revealed the committee’s resolve in bringing down inflation, including officials’ consensus on keeping interest rates high through 2023. “Participants noted that, because monetary policy worked importantly…

New York Attorney General Letitia James filed a $250 million lawsuit against Donald Trump and his children. It accuses them of inflating the value of the family’s real estate assets by billions of dollars to fraudulently obtain loans, insurance coverage and tax benefits. When Donald Trump responded by filing his own lawsuit against the attorney…

2022 is now history and many would say not a minute too soon. The year saw COVID-19 continue to ravage many parts of the world, high inflation and interest rates exacting a painful toll and superpowers with nukes invading their neighbors. So what will the next decade bring? According to Straight Arrow News Peter Zeihan,…

When a new party takes a majority in Congress, like Republicans are doing today, the first bills they introduce are meant to set their priorities for the next two years. In this case, it is also meant to send a message to the Biden administration as to where it can expect push back. Here’s a…