Finally, there is cause for celebration for Social Security beneficiaries: on Wednesday, the projection for the rise in benefits for the following year was slightly raised, despite the government’s claim that inflation continued to decline in June. After peaking at 9.1% in June 2022, annual inflation dropped to 3% in June from 4% in May….
The biggest US banks’ profit lines suffer as consumers fail on loans totaling billions of dollars. The Financial Times reports that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley show up having written off a total of $5 billion in funds in Q2 of the current year as clients…
A famous economist weighed in on the current discussion about de-dollarization and cautioned that the US dollar’s value is decreasing. According to Paul Gruenwald, the global head economist at rating agency S&P Global, the dollar “don’t have half the attraction that it used to,” he stated at a conference in London on Tuesday. According to…
According to a recent forgiveness proposal unveiled by U.S. President Joe Biden and the Department of Education, most student loan borrowers may be eligible to have a portion of their debt forgiven. The Saving on a Valuable Education (SAVE) plan, which is the greatest economic repayment plan ever made, was finalized by the Biden-Harris administration…
The harmed families’ discretionary retail spending is being significantly impacted by the demise of the COVID-era rise to SNAP payments. This is supported by the newest study from Circana (previously IRI and The NPD Group), which indicated that modifications have recently been made to the Supplemental Nutrition Assistance Program (SNAP), such as the ending of…
Former Panamanian President Juan Carlos Varela Rodriguez has been barred from entering the United States due to his “involvement in significant corruption,” according to Secretary of State Antony Blinken. Juan Carlos Varela Rodriguez, a businessman, and former Panamanian president, was born on December 13, 1963. He served as Panamanian president from 2014 to 2019. Varela served…
Thousands of illegal immigrants now get a special free pass from the Biden administration to enter the nation if they have family members currently living there. The method allows immigrants to jump the queue to enter the US and join their families if they meet the requirements before others who have been in line for…
Gov. Gavin Newsom (D) announced a $20 million program to protect Californians from extreme heat on Tuesday, just as the state’s southern inhabitants braced for an extended period of scorching temperatures. The governor’s office referred to periods of extreme heat as “the deadliest form of climate-driven extreme weather.” Heat Ready CA, a statewide multi-ethnic education…
Inflation politics in Washington took a sudden turn on Wednesday when a report revealed that consumer prices increased at their weakest rate since early in the Biden administration. Republicans have criticized the Biden administration for the price of food, petrol, utilities, and other items, claiming that his $1.9 trillion pandemic relief plan and support for…
Electric Vehicle Plan will force many manufacturers to produce electric vehicles for the first time following the emissions limit. Electric Vehicle Plan to Apply to Many Traditional Vehicles Following New Vehicle Emission Standards Following the new vehicle emission standards released, the administration introduced the Electric Vehicle Plan seeking to faster the transition of current vehicles…