Biden Admin Makes Record Tax Haul With Boost From Meme Stocks, Corporate Profits
By Tom Ozimek The Biden administration has made a record tax haul so far this fiscal year partly on the strength of the meme stock mania and surging corporate profits,…
Democrats split with Biden and push for quick offshore leasing program approval, trying to save their ass in the mid-terms
By Jeremy Beaman, Energy and Environment Reporter A group of congressional Democrats is lobbying the Biden administration to overcome delays and approve a new program for offshore oil and gas…
GAO warns of ‘unsustainable fiscal future,’ debt reaching over 200% GDP
by Paul Bedard, Washington Secrets Columnist While rocketing inflation, cratering stocks, and persistent supply chain woes have the administration and public focused on the day-to-day economic crisis, the nation’s auditor…
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A Recession Is on the Horizon
By Milton Ezrati Commentary The recent disappointing report on the gross domestic product (GDP) may reflect statistical particulars more than the immediate onset of a recession. But the real thing…
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Austin becomes the first Texas city to experiment with “guaranteed income”
By JOSHUA FECHTER (TEXAS TRIBUNE) – Austin will be the first major Texas city to experiment with giving cash to low-income families to keep them housed as the cost of…
Janet Yellen: Biden’s Spending ‘Did Feed’ Inflation
By Andrew Moran President Joe Biden’s $1.9 trillion American Rescue Plan did contribute to inflation, Treasury Secretary Janet Yellen conceded on May 4. Speaking in an interview with Matt Murray,…
Fuel Prices in US Rising Faster Than Crude Amid Increased Exports to Europe
By Katabella Roberts The price of fuel across the United States surged faster than crude oil prices in the last month, leaving Americans still paying more at the pump. The…
Worker output fell 7.5% in the first quarter, the biggest decline since 1947
By Jeff Cox Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared as the U.S. struggled with surging Covid cases, the…
As Democrats debate high gas prices, ‘Buy a Tesla’ remains their default policy — even for the poor
BY MATT WEIDINGER This week congressional Democrats returned to Washington from their spring recess and resumed their internal debate about how to address gas prices, which remain just off recent…
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Biden canceling student debt would make inflation worse, experts warn
By Houston Keene The inflation crisis in the U.S. will only worsen if President Biden cancels large swaths of student debt, experts warn. Maya MacGuineas, president of the Committee for…
Jack Brewer demands Joy Reid apologize for ‘child abuse’ remark or he’ll file defamation suit
By Emma Colton Former NFL football player and philanthropist Jack Brewer is demanding MSNBC host Joy Reid apologize for her tweet claiming a photo of young Black boys attending an…
Biden must change course to preempt food shortage
By Kelly Loeffler In America, the availability of everyday goods such as groceries and gasoline is generally a given. Even in 2020, amid the fallout of a pandemic, well-documented shortages…