Severe Supply Bottlenecks Add to Inflation Pressures
WASHINGTON—Worldwide supply shortages have led to price increases for raw materials in recent months, boosting production costs for many businesses. Due to the “depth...
Most Voters Want Smaller Government and Lower Taxes: Rasmussen Poll
A Rasmussen Poll released Friday, May 21, 2021 shows that a majority of likely voters prefer a smaller government with fewer services and lower taxes.
Members of...
Fed Inches Closer to Developing Central Bank Digital Currency
The Federal Reserve has announced it is taking a step closer to the potential adoption of a central bank digital currency (CBDC) by ramping...
Red States Lead the Charge In Lowest Unemployment Rates
Red states, along with lone Democrat-controlled Vermont, topped the charts in lowest unemployment rates in April, while blue states recorded the highest jobless rates, according to...
LA Considers $24 Million Universal Basic Income Program
The city of Los Angeles could become the largest city in the nation to test a universal basic income program.
The pilot program, proposed as...
Number of States Dropping Federal Jobless Boost Rises to 22
This week, Indiana, Oklahoma, and Texas joined 19 other Republican-led states moving to drop the $300 weekly federal jobless benefit boost in a bid...
Larry Summers accuses the Fed of being “dangerously complacent” about inflation
Former U.S. Treasury Secretary Lawrence Summers severely condemned the Fed’s loose monetary policy, accused the central bank of creating “dangerous complacency” in financial markets,...
Washington DC Running out of Gas, Even as Colonial Pipeline Recovers
WASHINGTON—Washington, D.C., was running out of gasoline on Friday, even as the country’s largest fuel pipeline network ramped up deliveries following a cyberattack and...
Colonial Says Entire Pipeline System Restarted
Colonial Pipeline on Thursday reported “substantial progress” in restarting its pipeline, which stretches from Texas to New Jersey.
“We can now report that we have restarted our...
Gas Prices Expected to Keep Rising in Wake of Colonial Pipeline Attack
Gas prices, already close to $3 a gallon after a cyberattack on Colonial Pipeline, are expected to keep rising through the week, especially in the...
GOP Governors Slash Unemployment Benefits as Businesses Plead for Workers
Expanded federal unemployment benefits that were implemented during last year’s pandemic relief efforts are ending earlier than scheduled in Arkansas, Montana, and South Carolina—and Florida is expected to...
Weak Jobs Report Raises Doubts About Biden’s Economic Policies
WASHINGTON—U.S. jobs growth for April was far lower than what the market had predicted, adding to worries that excessive stimulus payments could have undesirable...
