Wall Street stocks fall to close its worst quarter in 2 years

U.S. 04/01/22, 08:57

Wall Street closed its worst quarter in two years, as concerns persist over the Russia-Ukraine conflict that has led to rising fuel prices and intensified inflation. U.S. stocks plunged on Thursday, despite posting a 3.6% gain in March, leading to the worst quarterly performance since the first quarter of 2020, when ...

Georgia and Maryland have suspended gas tax to help drivers

U.S. 03/23/22, 15:49

Two states announced the suspension of the gas tax to minimize the impact of price increases amid inflation and the conflict in Ukraine, which are hitting U.S. drivers hard.  Maryland was the first state to move forward with the measure. Through a law enacted on March 18, it suspended the tax ...

Biden phones reporter to defuse anger, resentment over heated remarks

Trending 01/25/22, 02:31

Joe Biden extended an olive branch to a member of the press for any suffering he may have caused on Jan. 24. The president phoned White House correspondent Peter Doocy to "clear the air" and defuse an angry or tense situation. Biden extended friendship, played down his earlier criticism as "nothing personal," ...

US inflation crisis: Largest consumer price increase in 39 years announced

U.S. 12/11/21, 15:13

Inflation in the United States reached a new record high in November, reaching 6.8 percent annually. This is the highest price increase recorded in the last 4 decades. According to the Labor Department, the consumer price index, which covers everything consumers pay for goods and services, rose 6.8 percent in November ...

November jobs report shows poor numbers for the US economy

U.S. 12/04/21, 15:38

New jobs growth has not even reached half of what financial experts had predicted in November. In addition, hiring slowed sharply as the number of COVID-19 cases increased. "Nonfarm payrolls increased by just 210,000 for the month," CNBC reported, noting that the "Dow Jones estimate was for 573,000 new jobs." https://twitter.com/RNCResearch/status/1466762740400279552 The ...

Biden reappoints Jerome Powell as Fed Chair amid rising inflation

U.S. 11/22/21, 15:58

President Joe Biden on Monday nominated Jerome Powell to serve as chair of the Federal Reserve for a second term, expecting Powell would help contain inflation and bring the U.S. economy back to life "as we emerge from the pandemic", the White House announced in a statement on Nov. 22. Biden ...

Poll: Two-thirds of Americans disapprove of Biden’s handling of inflation

U.S. 11/21/21, 18:47

As inflation is biting into the households' budget, about two-thirds of Americans said that they disapproved of how President Biden is handling the inflation in a new poll. Recent government data showed that U.S. annual consumer prices in October climbed 6.2% from a year ago, marking the highest inflation rate since ...

Biden signs costly infrastructure bill into law amid rising inflation

D.C. 11/15/21, 21:26

President Joe Biden signed a Democrat-drafted $1.2 trillion infrastructure bill into law on Monday, Nov. 15, sealing one of the most expensive measures in U.S. history. The hard-fought bill was signed after it passed the House in a 228-206 vote, in which 13 Republicans bucked their party to support the measure and six Democrats also ...

US inflation hits 6,2%: Biden finally admits it is ‘worrisome’

U.S. 11/12/21, 16:35

President Joe Biden finally acknowledged that inflation is indeed a worrisome problem, a stark contrast to his comments in July when he dismissed rising costs as temporary and nothing to worry about.  "Everything from a gallon of gas to the loaf of bread costs more," Biden said during an event promoting ...

Psaki defends 13-year high inflation: ‘More people are buying goods’

U.S. 10/16/21, 00:42

U.S. consumer prices surged to the highest level in 13 years, causing pain to the American people’s wallets, but in her viewpoint, White House Press Secretary Jen Psaki called it a “good thing” because it indicated “more people are buying goods.” Daily Wire reported that in an interview with CNN on Friday ...

New inflationary record: Producer prices surpassed 8.3% annual increase

U.S. 09/10/21, 21:34

Producer prices (PPI) rose at an annual rate of 8.3% in August, unprecedented in the United States, at least since this index began to be measured by the Labor Department.  On Friday, Sept. 10, the federal agency reported that its producer price index, which measures inflationary pressures before reaching consumers, rose ...

Rising prices are citizens’ biggest concern, says University of Michigan survey

U.S. 07/17/21, 17:17

The increase in prices of goods necessary for daily life during the Biden administration has reached records not seen since the 1960s, constituting the top concern of Americans.   "Consumers' complaints about rising prices on homes, vehicles, and household durables has reached an all-time record," reported University of Michigan consumer survey chief ...

Rep. Kevin McCarthy: US crisis due to Democrat reckless policies

U.S. 06/14/21, 18:53

House Minority Leader Kevin McCarthy (R-Calif.) has claimed that the United States is in crisis as the Democrats’ policies push the country into economic uncertainty, historic increases in violent crime, a worsening border crisis, and unsolved consequences of the COVID-19 pandemic. In a letter sent to House Republicans on Sunday, June ...

Powell says Fed stands ready to respond to trade conflicts

Business 06/04/19, 09:41

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration's trade conflicts to protect the U.S. economic expansion if it decides that would be necessary. Powell's comments came at a conference in Chicago on how the central bank can make its interest rate policy ...

Nonprofits turn to cryptocurrency to help needy Venezuelans

America 05/21/19, 23:00

Andreina Cordero started the year skipping meals so her three kids could eat. Her husband, a construction worker, was out of a job. And the family's savings had been devastated by the nation's hyperinflation, limiting Cordero's children to a diet of rice, beans, pasta and fried corn patties.But the family ...

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