The national average of gas dropped below $4 a gallon for the first time in five months Thursday, a day after China made demands to South Korea regarding a U.S. missile system. As for what is on tap for Thursday, Georgia Gov. Brian Kemp (R) is set to unveil his policy proposals ahead of a contentious…

Two Democrat-sponsored bills on gun safety and police funding will not gain enough compromise within the party to come to a vote this week in the House. House Democrats are back in session this week to vote and pass the Inflation Reduction Act. With congressional members back on the debate floor, Democrats had an opportunity…

The Biden Administration’s goal to have half of all car sales to be electric vehicles by 2030 has driven competition among car makers like Ford to capitalize on the green energy initiative. Thirteen companies announced plans to spend more than $75 billion to open electric vehicle manufacturing plants in six states. By 2025, more than 100…

Inflation decelerated in July to 8.5% year over year following June’s peak of 9.1%, according to the Bureau of Labor Statistics report out Wednesday. A dip in energy prices helped cool the consumer price index, which has hovered at four-decade highs all year. Overall consumer prices were flat for the month of July from June,…

Most electric vehicles would not qualify for $7,500 federal tax credits included in Democrats’ sweeping economic bill due to restrictions over manufacturing and materials. The revelation has a major automotive group sounding the alarm, saying the credits will derail manufacturers’ efforts to have EVs make up half of their sales by 2030. The Alliance for…

Is the U.S. in a recession? The tools we’ve used in the past to answer that question may no longer provide the answer. Inflation remains a big problem. The GDP has also contracted for two consecutive quarters. But we also had a blockbuster July jobs report that put unemployment at levels not seen since 1969.…

Senate Democrats are celebrating the passage of the Inflation Reduction Act, a legislative win for the Biden administration made possible by a Sunday vote of 51 to 50 along party lines. Vice President Kamala Harris acted as the tie-breaking vote. But does the sweeping economic bill actually reduce inflation, like its name suggests? Some economic…

Cities across the U.S. are searching for ways to deal with a current surge in homelessness. A new plan in Los Angeles would force hotels to open up their vacant rooms to shelter the homeless. Under the ordinance, hotels would be required to notify the city every day by 2 p.m. just how many vacant…

Several major crypto mining companies in Texas are powering down their facilities to provide energy companies relief. Triple-digit temperatures this summer have pushed the state’s energy grids to the brink. ERCOT, the agency that manages electricity distribution for the majority of the state, is asking customers to conserve energy in any way they can.  While…

The Senate passed a major economic bill, and Israel and Palestinian militants reached a cease-fire deal. It’s Monday, Aug. 8 and President Biden plans to visit Kentucky after historic flooding. Inflation Reduction Act passes Senate – Democrats’ $740 billion climate, health, and tax bill officially was approved by the Senate on Sunday. The vote was…