FINANCE
Analysis: Biden Policies Thus Far Will Add $4.8 Trillion (15%) to Nat’l Debt
(Ezekiel Loseke, Headline USA) Joe Biden will add $4.8 trillion to the federal debt, according to a Conservative estimate produced by The Committee for a Responsible Federal Budget.
The Federalist reported that this spending ought to be divided into three categories: administrative measures, bipartisan legislation and partisan legislation.
Administrative measures are...
GOP Attorneys General Warn Woke Credit-Card Companies Not to Track Gun Sales
(Headline USA) A group of Republican attorneys general are pushing the major payment networks—Visa, Mastercard and American Express—to drop their plans to start tracking sales at gun stores, arguing the plans could infringe on consumer privacy and push legal gun sales out of the mainstream financial network.
The letter comes more...
Poll: 63% of Americans Say They Are Falling Behind the Cost of Living
(The Center Square) — Newly released polling data shows that the majority of Americans report they are falling behind the cost of living.
NBC News released the poll, which found that 58% of Americans disapprove of President Joe Biden’s handling of the economy.
Another 63% of surveyed voters say their income...
Treasury Considers Creation of a Digital Dollar to Rival, Regulate Cryptocurrency
(Headline USA) The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.
The move has been criticized by cryptocurrency advocates who see it as...
Treasury Sec. Yellen Outlines Vision for ‘Modernized’ IRS amid Middle-Class Fears
(Headline USA) Treasury Secretary Janet Yellen laid out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges at an IRS office in New Carrollton, Maryland, on Thursday.
Yellen said the agency plans to hire 5,000 new customer service representatives to vastly improve taxpayer...
Guaranteed Income Programs Popping up Throughout the Country
(Tom Gantert and Brett Rowland, The Center Square) Communities throughout the U.S. are experimenting with social programs that give a "guaranteed income" to some residents with few or no strings attached. An economics professor says universal income could be a more efficient use of taxpayer dollars as long as...
Biden Admin Brokers Tentative Deal to Defer Railway Strike Till after Midterms
(Headline USA) President Joe Biden said Thursday that a tentative railway labor agreement has been reached, temporarily averting a strike that could have been devastating to the already foundering U.S. economy before the pivotal midterm elections.
Railroads and union representatives had been in negotiations for 20 hours at the Labor...
Railroad Strike May Be Final Straw for Vulnerable Dems’ Midterm Hopes
(Joshua Paladino, Headline USA) President Joe Biden could face an early October surprise as 60,000 unionized railroad workers, including engineers and conducts, plan to start striking on Sept. 16, American Greatness reported.
The planned strike would cost the American economy $2 billion per day, prevent agricultural products from reaching manufacturing...
Jim Beam to Ramp Up Bourbon Production w/ New Biogas-Powered Distillery
(Headline USA) Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery to meet growing global demand in a more than $400 million expansion to be powered by renewable energy.
The project will increase capacity by 50% at the Beam plant in Boston, Kentucky, while reducing greenhouse...
SHOCK?: Chicago Fares Poorly on List of Best Places to Retire
(Andrew Hensel, The Center Square) Chicago narrowly avoided placing in the bottom 15th percentile in a new report that ranks 182 cities across the country using certain metrics to determine which cities are the best to retire.
Illinois placed just two cities on the list, which used specific metrics, including...
Stocks See Worst Day Since June 2020 as Biden Spending Exacerbates Inflation
(Dan McCaleb, The Center Square) U.S. stocks plummeted Tuesday after the federal government reported another sharp rise in food and other prices in August, despite falling gas prices.
The S&P 500 dropped 4.3%, its largest single day decline since June 2020 during the height of the pandemic. The Nasdaq Composite...
Nero-in-Chief Brandon Parties as Economy Implodes, Prices Soar
(Mark Pellin, Headline USA) President Joe Biden took a victory lap Tuesday to celebrate the Democrats’ $740 billion, IRS super-sizing, radical climate alarmist boondoggle, praising the Inflation Reduction Act, which will do nothing to fight inflation, as Americans are lining up at breadlines and food banks, consumer prices are soaring,...
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