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…
U.S. inflation jumps again and hits 6.4% rate, the Fed’s favorite price gauge shows
By Jeffry Bartash By Jeffry Bartash ECONOMIC REPORT The numbers: The Federal Reserve’s favorite inflation calculator rose a sharp 0.6% in February and kept the increase over the past year…
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Sen. Manchin launches new push for ‘all of the above’ energy bill
Maxine Joselow, Anna Phillips, Tyler Pager Sen. Joe Manchin III (D-W.Va.) has restarted talks with fellow Democrats about reviving the party’s climate and social spending bill, according to two people…
How do oil and gas leases work?
By Caitlin McFall Biden suspended oil and gas leasing upon entering office Gas prices have hit an all-time high amid the deadly Russian war in Ukraine which has been met…
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Biden, Pelosi push back after inflation blamed on Dems’ spending and policies: ‘I’m sick of this stuff’
By Brie Stimson President Biden and House Speaker Nancy Pelosi both pushed back this week on assessments that spending by Democrats was causing the country’s skyrocketing inflation. “I’m sick of…
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Democrats have found their inflation villain
by Washington Examiner When President Joe Biden was running for office, he liked to say, “I’ll do my job and take responsibility. I won’t blame others.” If only that were…
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373 Economists Say BBB Would Cause More Inflation
By John Gizzi As they attempt to jumpstart the Build Back Better (BBB) economic agenda, both President Joe Biden and White House press secretary Jen Psaki have repeatedly cited claims…
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US Inflation Soars to 7.9 Percent, Biggest Spike Since 1982
Street Talk Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of…
Another economic recession in 2022?
BY DESMOND LACHMAN, OPINION CONTRIBUTOR In 2008, economists were caught flatfooted by the Great Recession that followed in the wake of the Lehman Brothers bankruptcy. The main reason for this…
‘We Will Accept Tyranny No More!’: Over 10,000 Canadian and American Truckers Protest Against Government Mandates
By Enrico Trigoso A group of over 10,000 Canadian truckers are leading Freedom Convoy, a protest against government mandates, and will be joined by hundreds or thousands of American truckers…
Jobless claims rise more than expected to 230,000 as Biden fails to deliver.
The number of new applications for unemployment benefits climbed 23,000 last week to 230,000, more than anticipated and a discouraging sign for the recovery. The new numbers were reported on…
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Much of Biden’s Vaccine Mandate for Large Private Employers Takes Effect Despite Ongoing Supreme Court Battle
By Katabella Roberts Much of the Biden administration’s vaccination mandate pertaining to large private employers went into effect Monday, despite the rule facing legal challenges in the Supreme Court, leaving…