(The Center Square) – The U.S. Congressional Budget Office reports that the federal government is borrowing far more this fiscal year than the year before even as inflation continues to rise. The CBO released its deficit estimate which said the U.S. deficit hit about $1.5 trillion in the first 11 months of this fiscal year. "Eleven months in, and we have already borrowed $1.5 trillion this fiscal year, compared to $946 billion at the same point last year," Maya...
Today, the Oversight Committee’s Subcommittee on Health Care and Financial Services will hold a hearing on the impact of the so-called Inflation Reduction Act. The hearing is entitled “The Inflation Reduction Act: A Year in Review.” One year after its passing, one thing is very clear: the IRA has failed to address the problems Democrats […]
One year after its passing, it is clear that Biden’s Inflation Reduction Act was a failure. Since President Biden took office, prices have risen by 17.4 percent, accounting for a 4 percent decline in real wages and benefits. American families are spending $709 more per month than they did two years ago. Last month, Americans’ credit card […]
According to a new poll from HarrisX, a plurality of voters deem the Inflation Reduction Act (IRA) as a failure. Voters are twice as likely to say the IRA increased inflation, they oppose the bill’s use of Medicare savings to fund green energy subsidies, they distrust the government to set prices for drug costs, and […]
Voters who support the idea of expanding the size of the L.A. City Council could end up waiting until 2032 for that change to go into effect.
The tree plantings efforts will focus on marginalized areas in all 50 states as well as Washington, D.C., Puerto Rico, the Virgin Islands and some tribal nations.
Tesco and Sainsbury's appear to be increasing the 'regular' price on household essentials before then offering what look like big reductions for those using loyalty cards.
New businesses are reimagining what the days after bringing a baby home could look like.
Former United States President Donald Trump said on Wednesday that his future administration will be capable of controlling inflation in the country. "We didn't have inflation, we know how to
Aug. 24, 2021, was the date that 1,000 Ottawa County residents showed up at the Ottawa County Board of Commissioners meeting to say “unmask our kids.” The 2021 board said there’s nothing we can do, our hands are tied. So,
Having shaken up the Reserve Bank, the Albanese government is setting its sights on the Future Fund. In August, Australia’s sovereign wealth fund delivered a six per cent annual return for the financial year ending June 30, growing to a record $206.1 billion. The fund was created in 2006 by the Howard government to strengthen […]
Embedded banking company ClearBank has doubled its revenue from last year, landing it with a pre-tax profit of £5.9m for the first half of the year. In its latest financial report, the fintech posted nearly £50m in revenue, with deposits growing by 80% to £5.4bn. The company’s finance chief, Mark Fairless, said: “I don’t think […]