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Estimated Reading Time: 3 minutes
President Joe Biden is taking fire for comments he made about his $3.5 trillion legislation just as the bill faces a deeply split Congress. Biden made headlines for claiming the bill would cost “zero dollars,” despite media reports and members of both parties commonly naming the bill’s cost at $3.5 trillion for the last several […]
Estimated Reading Time: 3 minutes
One of the nation’s leading economic and business groups is warning that the $3.5 trillion spending bill before Congress is an “existential threat” to the nation’s economy. The U.S. Chamber of Commerce has launched a six-figure television ad campaign targeting the proposed tax hikes in the measure that would be “taking more hard-earned money from […]
Estimated Reading Time: 2 minutes
New polling shows that the majority of Americans do not approve of President Joe Biden’s new vaccine mandate. Biden announced the mandate last week, which includes requirements that any business with more than 100 employees ensure they are vaccinated or be tested weekly. Biden’s announcement included a range of other federal rules that are estimated […]
Estimated Reading Time: 3 minutes
Federal unemployment benefits ended over the holiday weekend, raising questions about how the payments’ expiration will affect the job market and whether Congress will renew the benefits. Congress passed the $300 weekly unemployment payments as a remedy to joblessness during the COVID pandemic when government restrictions forced the layoffs of millions of Americans, but critics […]
Estimated Reading Time: 3 minutes
Republicans in the U.S. House and Senate are demanding a federal investigation into unemployment benefits money lost to fraudsters, calling it the “greatest theft of American tax dollars in our nation’s history.” The members sent a letter to the Government Accountability Office, asking the federal oversight group to investigate the fraud and arguing structural issues […]
Estimated Reading Time: 2 minutes
Editor’s Note: Somehow the word irony seems insufficient. Both as FED Chairman and Treasury Secretary Janet Yellen went along with a spendthrift Congress and President, and had the Federal Reserve purchase huge quantities of new treasury debt, making it easier for politicians to spend money we don’t have. In doing so, she expanded bank reserves […]
Estimated Reading Time: 2 minutes
After major backlash from Republicans, the IRS said Wednesday it overturned a previous ruling that a Christian group did not qualify for tax-exempt status because of its Biblical values. Christians Engaged focuses on “encouraging and educating Christians to be civically engaged.” The group incorporated as a nonprofit in Texas in 2019, but when it applied […]
Estimated Reading Time: 4 minutes
As illegal immigration continues to surge at the southern border, President Joe Biden is under fire for reports that his administration is considering changing a key immigration policy to allow more people to enter the country. Former President Donald Trump enacted a policy called Title 42 in March of last year to allow federal border […]
Estimated Reading Time: 2 minutes
The federal government released more data Tuesday that showed rising inflation, alarming economists, and casting more doubt on hopes of a post-COVID economic boom. The Bureau of Labor Statistics reported a major spike in the cost of producer goods, which includes raw materials such as lumber or tools like machinery. The cost of producer goods […]
Estimated Reading Time: 4 minutes
The Biden Administration sent some stock prices tumbling and left small businesses worried after taking sides on a hotly contested labor issue that critics say could threaten the jobs of millions of independent workers and thousands of small businesses. In his address to the nation Wednesday evening, President Joe Biden called on Congress to pass […]