Months of high inflation was just one of the topics that Federal Reserve Chair Jerome Powell discussed in front of the Senate Banking Committee Tuesday. The hearing was scheduled to consider Powell for four more years as the head of the Fed. President Joe Biden announced he was nominating Powell for a second term last…

There was a mixed bag of news coming out of the December jobs report released by the Labor Department Friday. The unemployment rate fell to a pandemic low 3.9%, but the United States only added about 199,000 jobs. That’s down from the 210,000 jobs added in November, which in itself was the slowest hiring pace…

The Supreme Court heard arguments Friday morning on whether to allow two separate Biden administration COVID vaccine mandates to take effect. Those mandates include a vaccine-or-testing requirement that applies to large employers and a separate mandate for most health care workers. Together, these mandates affect about 84 million people. Specifically, justices are tasked with deciding…

There is very little that Democrats and Republicans can agree on in these hyper-partisan times. But something for which there is little room to debate is how Americans view the government. To put it bluntly, most people think our government is failing the people and doing a terrible job. There is ample proof found in…

Something remarkable is happening right now in Washington — people are abandoning ship on President Joe Biden with alarming speed and right out in the open. I’m not talking about Republicans criticizing Biden’s agenda or declaring him a useless president — although that is certainly happening. And it’s not just Biden’s plummeting poll numbers, although…

The beginning of the week looked bleak on Wall Street due in part to concerns on how the Omicron variant of COVID-19 is expected to affect the global economy. Things are picking back up ahead of a potential “Santa Claus Rally”. As of 12:19 p.m. EST, the S&P 500 rose 0.7%. Roughly 85% of stocks…

The White House announced Wednesday President Joe Biden is extending the nation’s student loan payment moratorium by 90 days. The video above shows White House Press Secretary Jen Psaki making the announcement at her daily briefing. The moratorium was set to expire on Jan. 31. It’s now expected to end on May 1. During this…

While officials are still collecting data to understand this Omicron variant of the coronavirus, one thing is quite clear: lockdowns are not the way to go. When COVID-19 slammed into us in 2020, the U.S. went into widespread lockdown. Schools and businesses closed. Restaurants scrambled to serve outdoors and make deliveries. Broadway productions went dark.…

Yes, inflation is way up this year. Now that the Chinese economy is teetering and the U.S. is pulling back from globalization, a re-set must occur. Consumer prices jumped 6.8% in November, the single-highest leap we’ve seen since June 1982. That jump has contributed to the Fed’s decision to taper its pandemic-related efforts and expected…

Amid a worldwide surge in cases of the Omicron variant of COVID-19, Wall Street began the week of Christmas in a slump. The S&P 500, Dow Jones Industrial Average and Nasdaq composite were all down roughly 1.8% at various points Monday. Oil producers were some of the biggest losers Monday. U.S. crude fell 6% on…