FINANCE
U.S. Mint Loses $171 Million Minting Coins
(By Adam Andrzejewski, RealClear Wire) Rising raw material prices are hitting the United States Mint hard. It now costs more than 2.5 cents to make a penny, and more than 10 cents to make a nickel, resulting in a net loss of $171 million to mint these coins in...
‘Crisis:’ Small Businesses Struggle w/ Inflation, Labor Market
(By Casey Harper, The Center Square) Small business week came and went this week, and small businesses took the opportunity to raise a range of concerns about the economy and their future.
The U.S. Chamber of Commerce released a report on the labor market this week, saying that “every state...
Fired-up Cruz Questions Biden’s ‘Mental Faculties’, Demands Impeachment
(Luis Cornelio, Headline USA) Sen. Ted Cruz, R-Texas, is torching President Joe Biden’s unwillingness to negotiate over increasing the debt ceiling and called on the U.S. Congress to impeach the Democrat president if he is implicated in Hunter Biden’s shady foreign business schemes.
In an interview with Fox News’s Hannity, Cruz...
19 State AGs Say JPMorgan Chase Repeatedly ‘De-Banked’ Religious Conservatives
(Dmytro “Henry” Aleksandrov, Headline USA) Nineteen Republican state attorneys general claimed on Tuesday that one of the biggest American banks -- JPMorgan Chase -- “de-banked” conservative and religious organizations for their values and principles.
According to a letter that was provided to the Daily Wire, the officials stated that the National...
Fed Hikes Interest Rates for 10th Time
(By Casey Harper, The Center Square) The U.S. Federal Reserve Board Wednesday announced another increase to the federal funds rate, inching the target range up to 5% to 5.25%, an increase of a quarter of a point.
Wednesday’s announcement is the tenth rate hike since March 2022.
“We are prepared to...
Outrage Grows over Biden’s New Rule to Punish Home Buyers with Good Credit
(By Casey Harper, The Center Square) A new federal rule that would charge higher fees to home buyers with good credit to help subsidize those with poor credit goes into effect Monday.
The Federal Housing Finance Agency announced in January it would increase Loan-Level Price Adjustment fees for mortgage borrowers...
Biden Demands More Spending, Snubs Debt Ceiling Talk
(Luis Cornelio, Headline USA) President Joe Biden will meet with House Speaker Kevin McCarty on May 9 to speak about the debt ceiling but he has made clear that he will not negotiate lowering the nation’s debt weeks before the federal government runs out of cash to pay its bill.
The...
Hollywood Writer’s Strike Could Spell End of Woke Late-Night Shows
(Jacob Bruns, Headline USA) The Writers' Guild of America announced Monday that its 11,500 writers would go on strike to protest low pay.
In effect, this means the immediate cancellation of late night comedy shows hosted by Stephen Colbert, Jimmy Kimmel, Jimmy Fallon and Seth Meyers, the Daily Mail reported.
The Writers' Guild...
American, Southwest Pilots’ Unions Threaten to Strike
(Cole Lauterbach, The Center Square) Pilots for two major airlines are threatening to walk off the job just as the summer travel season approaches, though an actual stoppage would have to occur with President Joe Biden and Congress opting to stay on the sidelines.
The Allied Pilots Association, a union...
Third Major American Bank Collapses
(Dmytro “Henry” Aleksandrov, Headline USA) First Republic Bank collapsed and the Federal Deposit Insurance Corporation will imminently place the bank under receivership, marking the third collapse of a medium-sized American bank in less than two months.
The Daily Wire reported that First Republic Bank which is headquartered in San Francisco, Calif., caters mainly to...
Nanny-State California Passes Unprecedented Emissions Rules for Trains
(Headline USA) California approved Thursday a first-in-the-nation rule limiting rail pollution to aggressively cut greenhouse gas emissions in the state's latest move to establish itself as a global leader in the fight against so-called climate change.
The move is likely to have resounding effects that further suppress the economy as...
‘Not Enough’: These Four Republicans Slammed McCarthy’s Debt Bill
(Luis Cornelio, Headline USA) House Republicans passed on Wednesday the Limit, Save, Grow Act to raise the debt ceiling and partially limit the federal government’s spending. Speaker Kevin McCarthy, R-Calif., championed the bill as a warning to President Joe Biden’s massive government spending. Four Republicans disagreed, joining Democrats, who all...
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