Customs and Border Patrol Area Port Director of the Port of Nogales, Arizona Michael Humphries reported millions of fentanyl pills have been seized in the past week. On Monday, he tweeted a staggering 1.57 million fentanyl pills were seized over the weekend after being stashed inside a tractor trailer and car. Hidden compartments also revealed…

The Federal Reserve raised interest rates four times in 2022, with experts anticipating more on the way. The benchmark lending rate is now 2.25-2.5% after starting the year near zero. Following years of easy money, Americans will have a tough road ahead as the nation teeters on the edge of a recession. There is a…

Despite signs of an economic downturn, inflation is persisting in some of the hardest-to-avoid categories for consumers, like food and housing. The Federal Reserve is expected to continue hiking its interest rate to restrictive territory until inflation comes down significantly, according to minutes of its July session released Wednesday. While July inflation stabilized month over…

Sales of previously occupied homes slowed for the sixth consecutive month in July. High mortgage rates and surging inflation slowed sales. The National Association of Realtors said existing home sales fell 5.9% last month from June, and sales fell 20.2% from July last year. Sales have now fallen to the slowest pace since May 2020, near…

President Biden signed the Inflation Reduction Act into law Tuesday, finalizing his signature piece of legislation just before the midterms. The bill provides $369 billion for clean energy investments, $64 billion for Affordable Care Act premium subsidies, allows Medicare to negotiate drug prices and caps out of pocket costs at $2,000 per year. Democrats said all…

If you want a window into the health and habits of the American consumer, look no further than Walmart. On Tuesday, the retail giant surprised investors and analysts by beating expectations for earnings and revenue, just three weeks after cutting profit expectations. Walmart has reported seeing a significant shift in spending habits with Americans moving…

President Biden is expected to sign the Inflation Reduction Act into law, hefty water restrictions could soon apply to states bordering the Colorado River as a drought hurts supply, and highly anticipated primaries in Alaska and Wyoming are set to take place. These stories are expected to grab the headlines for Tuesday, Aug. 16, 2022.…

Americans received some long-overdue relief as the annual inflation rate slowed to 8.5% in July. The Federal Reserve’s recent interest rate hikes aim to cool inflation without causing a recession. Straight Arrow News contributor Larry Lindsey wonders if Jerome Powell and the Fed can figure out inflation with a historically risky strategy. One risk if…

The November midterms are approaching and the “red wave” Republicans are looking for is not looking as likely as it once was. Between candidate recruitment issues, smaller war chests and recent legislative accomplishments by Democrats, cold November waters may merely ripple. “The terrain isn’t nearly as favorable as you might have expected. And I think…

The United Nations called for the demilitarization of a nuclear plant in Ukraine that continues to get attacked, the Centers for Disease Control and Prevention (CDC) relaxed COVID-19 guidelines as the adult population reaches increased levels of immunity, and the House is set to vote on the Inflation Reduction Act. These are the top stories…