Consumer prices in May proved inflation still has a stranglehold on the country, rising 8.6% from one year ago — the fastest pace in 40 years. May’s data exceeds expectations with analysts believing prices had peaked in March at 8.5% before falling to 8.3% in April, but rising energy and food prices continue to burden…

It’s summertime, which means it’s time to put on those shades, get outside and crank up the boombox (that’s an old-school device for playing music) for fun in the sun. But beware, supply chain issues and a lack of workers could rain on that parade. Here are some of the biggest shortages this summer in…

The federal government is making progress in bringing down the national debt. A record-setting $308 billion surplus in April certainly helped, and the Congressional Budget Office (CBO) estimates the federal budget deficit will shrink to around $1 trillion this year due to surging tax revenue and the end of COVID-19 pandemic-related financial aid programs. This…

Media on the left may have started out squarely on Biden’s side, but some are noting a shift in the relationship. As war, inflation and COVID-19 rage on, certain outlets are now leaning more negative than positive. Straight Arrow News contributor Newt Gingrich argues that without power to change policy, elite left-leaning media is now…

According to the World Bank’s latest Global Economic Prospects report, worldwide growth is expected slow down even more than previously thought. The report has global economic growth at 2.9% in 2022, down from the 5.7% growth seen in 2021 as well as the 4.1% growth predicted for 2022 back in January. “The war in Ukraine,…

Treasury Secretary Janet Yellen is facing Congress one week after her headlining confession on cable news, admitting, “I was wrong [in 2021] about the path that inflation would take.” While her committee appearances in front of the Senate on Tuesday and House on Wednesday are to go over the president’s budget proposal, there’s something more…

The White House announced it will begin accepting applications Monday for fall internships, and for the first time in decades, it will actually pay its interns. Successful applicants will be part of a 14-week program that will pay $750 per week. The move to end unpaid internships came after years of scrutiny of federal internships in…

Herschel Walker is an ex-football player and businessman who has made a household name in Georgia. He is now leveraging that notoriety in a bid to become the state’s first black Republican Senator.  Walker is hoping to oust Democratic incumbent Senator Raphael Warnock in the deep south which could sway the balance of power in…

Despite new data from the Commerce Department that indicates inflation may have finally peaked, rising prices have Americans more concerned than any other issue, even the Russian invasion of Ukraine. The growing fears of a potential recession have the White House worried enough that President Biden met with Federal Reserve Chair Jerome Powell to discuss…

President Joe Biden will meet with Federal Reserve Chair Jerome Powell to discuss, among other things, inflation and economic growth. The White House said these two topics would be part of a larger discussion over the state of the U.S. and global economies. Tuesday’s meeting appears to be an about face from President Biden. Last…