President Joe Biden responded to critics who predicted the end of capitalism in the the United States once Biden was elected, saying “capitalism is alive and very well”. The video above shows parts of President Biden’s speech, which he delivered at the White House Monday morning. “Before I took office, there was a lot of…

Gwen’s picks for Wednesday, July 14 include: More US overdose deaths than any other year. Protests against Cuban government spread to the US. June’s inflation rate increase. View Jimmie’s interview here on how to stay afloat. Pop star Olivia Rodrigo visits the White House to promote vaccinations. Ron DeSantis sells merchandise with the phrase ‘Don’t…

Federal Reserve Chair Jerome Powell signaled no imminent change in the Fed’s interest rate policies Wednesday, while suggesting inflation “will likely remain elevated in coming months”. Powell said it will eventually “moderate”. The comments came from testimony Powell gave to the House Financial Services Committee. “Inflation is being temporarily boosted by base effects as the…

The Consumer Price Index increased 0.9 percent in the month of June, bringing the total to 5.4% over the last year. It’s the largest monthly increase since August 2008. A certified financial planner shares what’s behind the inflation rate increase and how you can stay in the green.

According to CBS News and other media reports, those who collect social security may see a 6.1 percent bump in benefits in the near future. That would be the largest increase since 1983, according to CBS. The media reports all attributed the 6.1 percent figure to a new forecast from the nonpartisan Senior Citizens League. The…

Haitian President Jovenel Moïse was killed in an attack at his home early Wednesday. His assassination heightens the chaos in Haiti, which has experienced years of political unrest. Straight Arrow News spoke with human rights lawyer Brian Concannon. He founded the Institute for Justice and Democracy in Haiti. He outlines the fragility of Haiti’s government…

Haiti’s interim prime minister announced Wednesday Haitian President Jovenel Moïse was killed in an attack at his home overnight. According to Premier Claude Joseph, First Lady Martine Moïse was sent to the hospital following the attack. Joseph called it a “hateful, inhumane and barbaric act.” The streets were largely empty in Port-au-Prince early Wednesday, but some…

WASHINGTON (AP) — President Joe Biden announced on Thursday that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle. Biden made a surprise appearance in front of the cameras with members of the…

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable level. Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years. But Powell said the increase mostly reflected temporary supply bottlenecks, and the…

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department reported Thursday reflected a range of goods and services now in growing demand as…