The Federal Reserve’s policymaking committee indicated Wednesday the Fed may start raising its benchmark interest rate at some point next year. The new projection is earlier than members of the Fed envisioned earlier this year. In its updated quarterly projections, Fed officials now expect to raise the interest rate once in 2022, three times in…

The Senate Parliamentarian is a non-political position. It’s an advisor, or kind of like Congress’ referee. Elizabeth MacDonough has held this spot since 2012 when she was appointed by then-Senate Majority Leader, Democrat Harry Reid (D-NV). MacDonough crushed the hopes of many Democrats, and gave some Republicans reason to celebrate, when she said Democrats can’t include…

Democratic Senator Joe Machin came out against the president’s $3.5 trillion spending bill this week. A departure from celebrating bipartisanship in August agreeing on the $1.2 trillion infrastructure bill. “This is something we should be proud of, this was a give and take proposition. no one got what they wanted everyone got what they needed,”…

Certainly you’ve noticed that life is more expensive and countless jobs are going unfilled. Are you wondering why this is happening and how it’s going to play out? It’s no coincidence that we are experiencing this inflation and tight labor market at the same time. The two factors are closely tied, linked by paychecks. When…

Lawmakers returned to Capitol Hill after the summer recess and remain divided on the $3.5 trillion human infrastructure bill. Sen. Joe Manchin, (D-WV), a crucial vote in the Senate, is making it extremely difficult for Democrats to make a deal. In a Wall Street Journal Op-Ed, Manchin called on lawmakers in Congress to hit “a strategic pause” on…

Federal Reserve Chair Jerome Powell said the Fed will begin to dial back some of the pandemic-era adjustments made to keep the economy going during the height of COVID. His announcement came during his keynote speech at an annual gathering of central bankers and academics. The Fed will taper off its $120 billion a month…

President Joe Biden announced Thursday he is looking for Congress’ help in reducing the price of prescription drugs. According to a White House fact sheet, Americans pay two to three times as much as people in other countries for prescription drugs, and one in four Americans who take prescription drugs struggle to afford their medications.…

Just because you’ve received a raise doesn’t mean your buying power is greater, and lately you may be feeling the financial squeeze more than ever. Monetary Economist and Straight Arrow News Contributor Judy Shelton says the government’s inflation policy has something to do with it.  She’s asking: Is the Federal Reserve Right On The Money™…

In 2013, then-president Barack Obama told a crowd in Missouri, “If Congress doesn’t pass this debt ceiling in the next few weeks, the United States will default on its obligations. That’s never happened in American history. Basically, America becomes a deadbeat.” How can the most powerful country in the world become a deadbeat? That’s where the…

A new CBS News poll shows that 58% of people surveyed say they approve of President Joe Biden’s overall job performance. While 58% may seem low, it’s not when it comes to approval ratings. Real Clear Politics calculated that President Trump’s annual approval rating capped out at about 44 percent. President Obama’s topped at about…