Posted inNational News

House Republicans Ask Biden When Legal Immunity for Vaccine Manufacturers Will End

By Zachary Stieber A group of House Republicans has asked President Joe Biden about the legal immunity granted to COVID-19 vaccine manufacturers, expressing concern about the immunity combined with the administration’s vaccine mandates. Rep. Michael Cloud (R-Texas) and 15 colleagues told Biden in a Dec. 20 letter that the mandates raise “many concerns as to the ethics […]

Posted inEconomy

Fed Juggles Two Swords: Growth and Inflation

By Andrew Moran The U.S. economy has been cushioned with trillions of dollars in stimulus and relief. With inflation becoming the dominant trend over the last year, the Federal Reserve is beginning to wind down its pandemic-era tools. But can the economic recovery be sustained without these mechanisms? The Bureau of Labor Statistics reported that the U.S. annual inflation rate […]

Posted inEconomy

Inflation Lifting Corporate Profits, Eating Away Wage Gains

By Andrew Moran With the U.S. annual inflation rate at a 30-year high, economists and market analysts are spotlighting the expanding financial divide between corporations and their employees. In today’s inflationary environment, large companies are reporting greater profits and revenues. At the same time, Americans have witnessed all their wage gains from over the last 12 to […]

Posted inNational News

What Americans Say About Rising Prices This Thanksgiving

By Cara Ding, Steven Kovac, Jackson Elliott, Michael Sakal, Allan Stein and Jannis Falkenstern On the verge of celebrating Thanksgiving with her family, Melissa Ngo wasn’t happy after her grocery shopping trip. The high price of gasoline has cut into her family’s budget for everything, she said. She’s now having to shop at three different grocery stores—Giant Eagle, Marc’s, and Aldi—to find the lowest […]

Posted inNational News

Study Reveals Spending Bill Would Raise Taxes on Middle Class, Despite Biden’s Promise

By Christopher Burroughs President Joe Biden’s Build Back Better spending plan would raise taxes on middle-class Americans, according to a study released Thursday, despite the president’s pledge that taxes would only increase for Americans earning $400,000 or more per year. The Tax Policy Center study instead revealed a significant percentage of middle-income households would pay increased taxes in 2022 based […]

Posted inNational News

Biden Administration Weighs Shutting Another Pipeline, White House Confirms

By Jack Phillips The Biden administration is reviewing shutting a pipeline in Michigan after anonymously sourced reports said federal officials were quietly studying its potential environmental impact, a White House spokeswoman confirmed on Nov. 8. When pressed by a reporter during a news conference, White House deputy press secretary Karine Jean-Pierre disputed reports saying President Joe Biden is going to terminate […]