For the first time ever, the national average price of gas surpassed $5 per gallon, according to gas price trackers GasBuddy and American Automobile Association. As of Monday, the price hovered around $5.01, AAA reported. After the price of a gallon of gas surged nearly $2 in the past year, though, experts warn we haven’t…

Consumer prices in May proved inflation still has a stranglehold on the country, rising 8.6% from one year ago — the fastest pace in 40 years. May’s data exceeds expectations with analysts believing prices had peaked in March at 8.5% before falling to 8.3% in April, but rising energy and food prices continue to burden…

The federal government is making progress in bringing down the national debt. A record-setting $308 billion surplus in April certainly helped, and the Congressional Budget Office (CBO) estimates the federal budget deficit will shrink to around $1 trillion this year due to surging tax revenue and the end of COVID-19 pandemic-related financial aid programs. This…

According to the World Bank’s latest Global Economic Prospects report, worldwide growth is expected slow down even more than previously thought. The report has global economic growth at 2.9% in 2022, down from the 5.7% growth seen in 2021 as well as the 4.1% growth predicted for 2022 back in January. “The war in Ukraine,…

Treasury Secretary Janet Yellen is facing Congress one week after her headlining confession on cable news, admitting, “I was wrong [in 2021] about the path that inflation would take.” While her committee appearances in front of the Senate on Tuesday and House on Wednesday are to go over the president’s budget proposal, there’s something more…

From JFK to Nixon to Trump, the presidential appearance on late-night TV has become something of a right-of-passage, a time for presidents to boast of accomplishments while showing off a bit of their lighter sides. Biden will make his first late-night appearance with a one-on-one interview with host Jimmy Kimmel. Straight Arrow News contributor Newt…

The United States has committed tens of billions of dollars in military aid to Ukraine since Russia’s invasion in late February. Combined with other foreign aid, the total U.S. commitment has been nearly $54 billion. Just this week, the Biden administration announced it was sending rockets to Ukraine that can more precisely take out long-range…

For decades “strategic ambiguity” has been the U.S. policy towards Taiwan, but recently, President Biden said he would intervene militarily if China invaded the self-ruled island. With Russia’s Ukraine invasion as backdrop, Beijing now has a model in which to compare. Straight Arrow News contributor Peter Zeihan breaks down the assumptions China has been operating…

President Joe Biden will meet with Federal Reserve Chair Jerome Powell to discuss, among other things, inflation and economic growth. The White House said these two topics would be part of a larger discussion over the state of the U.S. and global economies. Tuesday’s meeting appears to be an about face from President Biden. Last…

The same day the Commerce Department adjusted the Gross Domestic Product (GDP) numbers for the first quarter of 2022, the Labor Department reported a drop in initial unemployment claims last week. 210,000 people filed initial unemployment claims last week, down from 218,000 the previous week. “The 4-week moving average was 206,750, an increase of 7,250 from…