September's inflation numbers were tied for the record since 2008, and were above consensus expectations yet again. With inflation being so severe and persistent, the messaging about inflation is about to change. First, it was…
Report: Inflation Soars to 9.1%
The Consumer Price Index (CPI) rose 9.1% between June 2021 and June 2022, meaning that inflation once again surpassed record highs, a Wednesday morning report from the U.S. Bureau of Labor Statistics showed. The most recent year-over-year inflation figure…
Biden Falsely Claims U.S. Inflation at a Fraction…
President Joe Biden once again falsely claimed that inflation in the U.S. is lower than the rest of the world during a Thursday press conference. Biden made the statements in response to questions from reporters…
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Blue State Governor Defy Biden’s Gas Tax Pause
President Biden is calling for a suspension of gas taxes as a means of lowering fuel prices, but two Democratic governors oppose taking similar measures in their states. Washington Gov. Jay Inslee and Oregon Gov. Kate…
Dow Plummets Below 30,000
The Dow Jones Industrial Average fell below 30,000 on Thursday for the first time since January 2021 amid dismal inflation news and an aggressive interest rate hike from the Federal Reserve. The Dow — a stock market index that tracks…
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House Republican Introduce New Bill to Block Biden…
Rep. Scott DesJarlais, R-Tenn., is set to introduce a bill that will aim to block President Biden’s student loan forgiveness plan. "There's a lot of people out there that took out loans and, you know, maybe…
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Tennessee College Going Remote on Fridays to Save…
Southwest Tennessee Community College announced it will be holding remote classes on Fridays in an effort to save students gas money. The college began remote Fridays on May 27 and will continue the practice through Aug.…
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Report: Biden Admin. Mulling Tapping Federal Diesel Reserve…
The Biden administration is reportedly considering tapping the nation's federal diesel reserve to help alleviate the growing energy shortage. “The team has prepared emergency declarations for President authorize release from the Northeast Home Heating Oil…
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Households are Spending $5,000 a Year or More…
U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research. In March, the annual rate of gasoline spending was at $3,800, Yardeni…
