On Tuesday the House passed a procedural vote allowing consideration of four individual spending bills totaling almost $1.1 trillion just days before the fiscal year
Another procedural vote is scheduled in the House on Tuesday on allowing budget bills to be debated individually on the floor for four Fiscal Year
The United Auto Workers (UAW) have expanded strikes against two of the three major auto makers in the U.S. adding 5,600 workers to the already
The U.S. Federal Reserve announced Wednesday that it will not raise interest rates for now, but with its new economic forecast, suggests it will raise
The United Auto Workers (UAW) strike against Ford, GM, and Stellantis has entered its seventh day and tensions are rising as the strike is causing
Former President Donald Trump announced that he will skip the second Republican presidential primary debate next week and instead, will hold a rally with striking
Nearly 13,000 United Auto Workers (UAW) members have begun a strike from the the top three U.S. automakers — Ford, General Motors, and Stellantis, maker
Christian and conservative organizations are increasingly being ‘de-banked’ by weaponized financial institutions. These institutions have closed accounts, turned off payment processors, and even placed some
Members of the House Select Committee on the Chinese Communist Party are looking into whether the Biden Administration is actively supporting Chinese companies to expand
On Wednesday the Biden administration announced it would cancel seven Trump-era oil and gas leases in Alaska. The leases cover 365,000 acres in the Arctic
On August 31 the White House asked Congress to approve a short-term funding measure to avert a government shutdown before money runs out at the
According to the latest ADP National Employment Report released Wednesday, U.S. companies added 177,000 jobs in July, down from the estimated 195,000. Another report released
The Bureau of Ocean Energy Management (BOEM) has removed 6.4 million acres from an upcoming oil and gas lease in the Gulf of Mexico. The
U.S. Federal Reserve Chairman Jerome Powell said that another hike in interest rates may be necessary to ensure inflation is contained. Powell also said, “It
The Mortgage Bankers Association (MBA) on Wednesday reported the highest mortgage rates last week since late 2000, indicating the lowest demand in almost three decades.
According to Moody’s Analytics, Americans are spending $709 more per month on ordinary goods and services compared to two years ago. However, amidst rising costs,
The official death toll from the Lahaina fire has reached 99 confirmed dead, making it the deadliest U.S. fire since the 1918 Cloquet Fire in
According to Redfin, the typical homebuyer’s monthly mortgage payment is up 19% compared to a year ago. Housing payments remain historically high because mortgage rates
Oil prices have surged to the highest levels in months after Saudi Arabia announced that it would extend its production cuts for another month. Oil prices
On Tuesday Wall Street dropped as financial stocks fell following Moody’s overnight credit rating cuts on several U.S. banks and warned it could also downgrade
On Sunday Yellow trucking company announced it filed for Chapter 11 bankruptcy after receiving over $700 million in COVID-19 program loans from the federal government.
The Supreme Court has overturned a lower court’s ruling that halted construction of the 303-mile Mountain Valley Pipeline (MVP), a major gas pipeline project. The
The U.S. Federal Reserve has increased its benchmark interest rate by a quarter point to 5.5%, the highest since 2001 as it aims to combat
Patrick De Haan, head of petroleum analysis for GasBuddy, says that U.S. gasoline prices could spike 10 to 25 cents this week due to rising
Former Home Depot CEO Bob Nardelli thinks that Biden is overconfident about the health of the U.S. economy saying, “I’ve been at this for 52
In a new analyst note from Pantheon Macroeconomics, despite the U.S. housing market defying expectations of a crash this year, it’s projected that a steep
On Friday Kitco reported that Brazil, Russia, India, China and South Africa (BRICS) are set to launch of a new gold-backed currency and are expected
According to the minutes from the June Federal Open Market Committee (FOMC) policy meeting, Federal Reserve officials agree that more rate hikes are ahead but
The Teamsters Union said early Wednesday morning that UPS “walked away from the bargaining table” after presenting an “unacceptable offer.” Teamsters General President Sean M.
On Monday U.S. Treasury Secretary Janet Yellen met with China’s ambassador amid the ongoing chip war between the U.S. and China as new restrictions on
U.S. Treasury Secretary Janet Yellen will visit China this week for talks with senior Chinese officials as part of an effort of the Biden administration
On Thursday the Supreme Court struck down President Joe Biden’s $400 billion student loan forgiveness plan after its legality was challenged. Two opinions were handed
The Federal Deposit Insurance Corporation (FDIC) said it mistakenly released an unredacted document showing the biggest Silicon Valley Bank (SVB) customers who were bailed out
As diamond prices have been crashing for the last year and a half, diamond deflation has arrived with a bang, with levels not seen since
Institutional brokerage and advisory firm Strategas said market liquidity has fallen by $150 billion since the U.S. debt ceiling was suspended earlier this month. According
The Department of Energy (DOE) approved a $9.2 billion loan for Ford and its battery manufacturing partner to build three electric vehicle battery plants in
O’Keefe Media Group (OMG) released a new exposé on Tuesday in which BlackRock Recruiter Serge Varlay declared, “Ukraine is good for business.” Varlay told the
Executives at U.S. companies have cut their mentions of ESG (environmental, social, and governance) and DEI (diversity, equity, and inclusion) on earnings calls by 31%
The U.S. Labor Department said in its monthly payroll report that 339,000 jobs were added to the U.S. economy in May, beating the forecasted 190,000
The U.S. Senate has passed the Fiscal Responsibility Act by a vote of 63-36. Working until late Thursday night, the Senate heard and rejected 11
Senate Majority Leader Chuck Schumer (D-NY) has said that the Senate will “stay in session until we send a bill avoiding default to President Biden’s
The U.S. House of Representatives passed the Fiscal Responsibility Act in a bipartisan vote of 314 to 117 on Wednesday temporarily suspending the nation’s debt
Despite Republican opposition, a bipartisan bill to raise the federal debt ceiling to $31.4 trillion advanced by a narrow margin through the House Rules Committee
Across the board it appears that House Republicans are in support of McCarthy’s proposed debt bill ahead of this week’s expected vote. Reps. Jim Jordan
Treasury Secretary Janet Yellen, in a second letter with an alarmist tone to House Speaker Kevin McCarthy and other congressional leaders, reiterated her confidence
On Monday Sen. Tim Scott (R-SC) officially launched his bid for president in 2024 at an event in North Charleston, SC. In his speech, Scott
Debt ceiling negotiations are still under way as a possible default inches closer to the estimated deadline of June 1. Biden hopes the debt ceiling
On Friday House Speaker Kevin McCarthy said it’s time to “pause” negotiations on the debt limit; there are “real differences,” said a White House official.
Debt ceiling negotiations continued between President Joe Biden and House Speaker Kevin McCarthy (R-CA) on Tuesday resulting in the delegation of trusted surrogates to resolve
During debt ceiling negotiations on Tuesday, President Joe Biden rejected any changes to the Inflation Reduction Act. The White House is considering a cap on future
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