Financial

Financial

Economists Say Inflation Is Real, Warn More Spending Could Make It Worse

To paraphrase Jerry Seinfeld’s would-be paramour, “Inflation is real….and it is spectacular.” Spectacularly bad, says economist Stephen Moore, noting the annual inflation rate in the U.S. surged to 6.2 percent in October, the highest since November 1990. And the reason is simple, Moore says. “There are too many dollars chasing too few goods.” Democrats who just

Financial

Fed pulls back economic aid in face of rising uncertainties

If you find the current economy a bit confusing, don’t worry: So does the nation’s top economic official, Federal Reserve Chair Jerome Powell. At a highly anticipated news conference Wednesday, Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable supply chain bottlenecks to unsnarl.

Financial

‘Build Back Better’ Could Break IRA Retirement System, Experts Warn

The Biden administration is eying changes to retirement savings, causing one organization to say “hands off!” “Joe Biden is going after and trying to get a lot of tax increases through the reconciliation bill and one of those is to get more taxes from Roth Individual Retirement Accounts (IRAs) and regular IRAs,” says David Williams, president of the

Financial

Fed’s Financial Snooping Violates Fourth Amendment

The Biden Administration recently announced its latest plan to expand its reach into the lives of Americans by creating an economic police state and forcing every consumer bank in the country to extend the long arm of federal law enforcement into every family’s bank account in America. This ill-conceived, unconstitutional, socialist proposal would require banks

Financial

House sends debt limit hike to Biden, staving off default

Members of the House on Tuesday pushed through a short-term increase to the nation’s debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480 billion increase in the country’s borrowing ceiling cleared the Senate last week on

Financial

McConnell says he won’t help Dems raise debt limit again

Senate Minority Leader Mitch McConnell said Friday he would not again help Democrats extend the government’s borrowing authority, raising fresh doubts about how Congress will avert a federal default when a temporary patch expires in December. McConnell issued his warning in a letter to President Joe Biden a day after the Senate approved a $480

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