Britain’s new Prime Minister Liz Truss is addressing is the UK’s energy crisis. It’s a large part of the cost-of-living crisis that plagued the end of former Prime Minister Boris Johnson’s term. Truss’s plan breaks down into two parts. Truss will implement a cap on domestic energy prices for homes and businesses. For the next…

Recession in Germany is unavoidable amid Russia’s war in Ukraine and the energy shortage that has followed, Deutsche Bank CEO Christian Sewing warned Wednesday. But his words of caution stretched beyond the country’s relationship with Russia, noting its dependence on China must also be examined. “Russia’s war against Ukraine has destroyed a number of certainties…

President Biden’s plan to wipe out up to $20,000 in student loans does not go far enough if you were to ask Sen. Elizabeth Warren (D-MA) or Sen. Bernie Sanders (I-VT). Sen. Warren has called for erasing up to $50,000, and Sen. Sanders would like to cancel “all student debt in all of America.” Straight Arrow…

Federal Reserve Chairman Jerome Powell announced a second .75% increase in the federal funds rate following the Fed’s July meeting. A month later, at a speech in Jackson Hole, Wyoming, Powell was more emphatic about how lowering inflation would mean slower growth, a softer labor market and economic pain for many households.  Straight Arrow News…

Even though job growth slowed in August with 315,000 jobs added compared to the more than 500,000 added in July, according to some economists, the number indicates underlying strength in the U.S. economy. These numbers were released after Federal Reserve Chairman Jerome Powell’s comments at the Jackson Hole Economic Symposium warning of “some pain ahead”…

Job openings remain at a high level as more than 11.2 million job positions remain vacant amid a slowdown in hiring. There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S. labor market is still extremely tight, the Bureau of Labor Statistics reported Tuesday. Jobs available outnumber…

President Joe Biden is using the momentum from recent legislative victories to carry him onto the campaign trail. He’s making three stops in Pennsylvania over the next week, including a primetime address from Philadelphia’s Independence National Historic Park Thursday night. The White House said the president will speak about what it is calling “the continued…

President Biden’s recent streak of legislative victories, including the Inflation Reduction Act, is boosting his poll numbers. But some economic analysts warn it may take years before the bill actually reduces inflation. Straight Arrow News contributor Larry Lindsey adds that a closer look at the legislation reveals Biden’s Inflation Reduction Act won’t do much to help…

President Joe Biden’s approval ratings shot up to 44% according to a new Gallup poll, his highest rating this year. But he’s still underwater because 53% of Americans disapprove of his job performance. The poll was conducted between Aug. 1-23, that includes the time when Democrats passed the Inflation Reduction Act.  This is an increase…

Economists expect President Joe Biden’s sweeping student debt relief action will add fuel to the inflationary fire already facing the nation. On Wednesday, the president announced plans to cancel between $10,000 and $20,000 in student loan debt for borrowers earning less than $125,000 a year. The White House estimates roughly 43 million Americans will qualify…