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FDA approves boosters for kids the 16 and 17, Senate blocks Biden vaccine mandate.

Both the Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention CDC approved Pfizer boosters for kids 16 and 17 years old Thursday, a day after the Senate blocked the Biden administration’s vaccine mandate for businesses employing 100 or more workers. The FDA and CDC moves serve as the first to…

Larry Lindsey says lagging consumer confidence is driving inflation

America’s economy is in a spiral, and lagging consumer confidence is the driving force. It’s showing up as millions of people are quitting their jobs at a record pace. One reason for the great resignation is when you leave a job, you often get a pay hike in the next one. When businesses pay employees…

The Interior Department called for oil and gas leasing reform.

The Department of the Interior released a report Friday on the United States’ “federal oil and gas leasing and permitting practices.” According to the department, “the report identifies significant reforms that should be made to ensure the programs provide a fair return to taxpayers, discourage speculation, hold operators responsible for remediation, and more fully include communities and Tribal, state,…

Countries are restricting travel due to a new COVID-19 variant.

Countries around the world began issuing various travel restrictions affecting multiple countries in southern Africa Friday, in response to a new variant of COVID-19 that was detected earlier this week. B.1.1.529, now known as the Omicron variant, was first detected by scientists in South Africa, and has also been found in Botswana and Hong Kong…

Biden orders the release of 50 million barrels of oil.

The White House announced Tuesday morning President Joe Biden has ordered the release of 50 million barrels of oil from the Strategic Petroleum Reserve. The move comes as “American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills,” according to the White House. “American businesses are,…

David Pakman says Hawley's masculinity talk makes no sense.

Senator Josh Hawley (R-MO) is garnering attention by talking about masculinity. During an address to the National Conservatism Conference, Hawley declared that the left is attacking manhood and, as a result, more and more men are sitting idle. If you’re scratching your head and asking, “What,” you are not alone. Hawley’s commentary is outlandish and,…

President Biden plans to nominate Fed Chair Jerome Powell for a second term.

President Joe Biden nominated Jerome Powell to head the Federal Reserve for a second term. His first term, which began in 2018, has been highlighted by the Fed’s response to the COVID-19 pandemic. “Chair Powell has provided steady leadership during an unprecedently challenging period, including the biggest economic downturn in modern history and attacks on…

The word 'taper' has been on the lips of nearly everyone on Wall Street this year. Now that it's happening, what exactly does tapering mean?

The word ‘taper’ has been on the lips of nearly everyone on Wall Street this year. After months of speculation, the Federal Reserve announced it does plan to taper its monthly asset purchases. “It is time to taper, we think, because the economy has achieved substantial further progress toward our goals,” Federal Reserve Chairman Jerome Powell…

A vote on the Build Back Better Act is expected Thursday.

Update (11/19/21): After an 8 1/2 filibuster from House Minority Leader Kevin McCarthy (R-CA) pushed the vote on President Joe Biden’s Build Back Better Act back from Thursday night, the House passed the bill Friday morning. The final vote tally was 220-213, a nearly party line vote. The video above shows clips from the vote, as well…

President Biden has claimed his infrastructure bill will help modernize ports and ease inflation. Republicans are skeptical.

Americans are facing an expensive holiday season. Record-high inflation means everything from new cars to hot dogs have become more costly. Beef prices prices soared 20 percent since last year, and furniture prices are up an average of 12 percent. President Joe Biden blames the pandemic and says the inflation is temporary. “The pandemic has been…

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