On Wednesday, President Biden finally admitted that inflation is at its highest level since 1990 because of his $1.9 trillion COVID “stimulus” bill. “The irony is people have more money now because of the first major piece of legislation I passed. You all got checks for $1,400. You got checks for a whole range of
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The Department of Labor’s Producer Price Index, a key inflation metric, rose 0.6% in October, matching the record annual increase of 8.6% broken in September. “Elevated demand for goods over services again
Jason Furman, the former chairman of former President Barack Obama’s Council of Economic Advisers (CEA), slammed Democrats on Tuesday for reportedly agreeing on a deal that would repeal the cap on the
On Monday, Larry Summers, a former economic adviser to President Barack Obama, responded to comments from Biden’s Treasury Secretary Janet Yellen in which she dismissed Summers’ concerns about the inflation crisis. CNN’s
Businesses are reportedly “pleading” with the Biden administration to delay its plan for COVID-19 vaccine mandates for employees of large businesses, saying the mandates could cause a “mass exodus” of employees. “Worried
