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…

Afghanistan is in the grips of a humanitarian crisis. In the year since the U.S. military withdrawal and the Taliban seized power, the economy has collapsed and millions are in danger of starvation. Straight Arrow News contributor Jordan Reid says America bears some responsibility for the plight of the Afghan people due to decades of…

With the swipe of a pen, President Joe Biden is wiping away student debt for millions of Americans, with a hefty price tag of around $300 billion for the American people. But already, experts are questioning the long-term impact of this historic moment. “When you provide one-time loan forgiveness to all borrowers, what do we…

The U.S. Centers for Disease Control and Prevention recently introduced new COVID-19 guidelines, relaxing quarantining and social distance precautions. Subsequently, CDC Director Dr. Rochelle Walensky announced a revamp of the agency due to missteps in its handling of COVID-19. Straight Arrow News contributor Adrienne Lawrence questions whether the new guidelines are putting the economy and corporate…

The Federal Reserve raised interest rates four times in 2022, with experts anticipating more on the way. The benchmark lending rate is now 2.25-2.5% after starting the year near zero. Following years of easy money, Americans will have a tough road ahead as the nation teeters on the edge of a recession. There is a…

Despite signs of an economic downturn, inflation is persisting in some of the hardest-to-avoid categories for consumers, like food and housing. The Federal Reserve is expected to continue hiking its interest rate to restrictive territory until inflation comes down significantly, according to minutes of its July session released Wednesday. While July inflation stabilized month over…

President Biden signed the Inflation Reduction Act into law Tuesday, finalizing his signature piece of legislation just before the midterms. The bill provides $369 billion for clean energy investments, $64 billion for Affordable Care Act premium subsidies, allows Medicare to negotiate drug prices and caps out of pocket costs at $2,000 per year. Democrats said all…

The moratorium on student loan payments and interest is set to expire Aug. 31. That means President Joe Biden has a big announcement to make within the next two weeks as to whether he will end or extend the freeze. Political experts believe with the midterm elections right around the corner, he will almost certainly…

President Biden is expected to sign the Inflation Reduction Act into law, hefty water restrictions could soon apply to states bordering the Colorado River as a drought hurts supply, and highly anticipated primaries in Alaska and Wyoming are set to take place. These stories are expected to grab the headlines for Tuesday, Aug. 16, 2022.…

Americans received some long-overdue relief as the annual inflation rate slowed to 8.5% in July. The Federal Reserve’s recent interest rate hikes aim to cool inflation without causing a recession. Straight Arrow News contributor Larry Lindsey wonders if Jerome Powell and the Fed can figure out inflation with a historically risky strategy. One risk if…