Is The U.S. Officially In A Recession? Economists Say No
Rising inflation, high prices at the grocery store, and increasing interest rates are factors hurting almost every American. Is the U.S. officially in a recession?
U.S. Economy & Politics
News about policies and legislation affecting the financial world, from changes to the tax code, economic stimulus packages, and government programs that affect everything from the stock market to personal finance.
Burn Pit Bill Loses Support From Senate GOP — Here’s Who Voted No on It
Pat Toomey, Chuck Schumer, and Joni Ernst were a few senators who voted "no" on the burn pit bill. Here's why the bill lost support. Many veterans are shocked.
Pennsylvania Senate Candidate John Fetterman Is Highly Educated
Pennsylvania Senate candidate John Fetterman is highly educated, with not only a BA, but also an MBA and Masters in Public Policy.
Former House Speaker Newt Gingrich Is Still Worth Millions
Newt Gingrich, the former Speaker of the House, has made millions from his businesses, writing, and consulting. What is his net worth?
Ron DeSantis Declares War on ESG — Ideological Investing, Explained
ESG (environmental, social, and governance) is a form of ideological investing. We'll explain ideological investing in more detail.
Congressional Baseball Game Draws a Big Crowd, Benefits Charities
The congressional baseball game takes place on July 28, where Republicans will go against the Democrats. Which charities benefit from the game?
Will the Climate Bill Really Help Inflation Like Manchin Says?
In a major reversal of opinion, Senator Joe Manchin has announced that he’s in favor of the climate and tax plan, citing its benefits for inflation.
Waiting for Your Inflation Relief Check? Here’s the State-by-State Situation
As skyrocketing costs pressure consumers, some states are sending out inflation stimulus checks. When will inflation relief checks start?
Semiconductor Stocks to Buy Now as Senate Passes CHIPS Act
The U.S. Senate has passed the CHIPS and Science Act and it will now head to the House. What are the best semiconductor stocks to buy now?
Has Media Pundit Ann Coulter Been Blackballed? Fans Notice Her Absence
Fans think Ann Coulter has been blackballed. She hasn't been present on TV since she started opposing Donald Trump. Keep reading to find out why.
Microchip Legislation Forges Ahead, Final Vote Coming Soon
U.S. lawmakers are making progress on legislation that could rectify the ongoing semiconductor shortage. Here's what the microchip legislation includes and what to expect.
What's the Highest Fed Interest Rate Ever? All the Details
As the Federal Reserve prepares to announce another rate hike, many wonder about other high interest rates. What's the highest interest rate ever?
Walmart’s Inflation Warning Could Impact Fed Meeting Outcome
Economic data has been soft and Walmart has warned of inflation hurting sales. Will Walmart’s warning impact the outcome of the Fed's meeting?
Biden’s LGBTQI+ Executive Order — Historic Move, Explained
On June 15, 2022, President Joe Biden signed an executive order that advances equality for LGBTQI+ individuals. Here's what the executive order addresses.
Florida Faces a Teacher Shortage, Over 9,000 Unfilled Positions
Florida is said to be facing a teacher shortage of over 9,000 school personnel positions this fall. It isn't the only state struggling to fill classroom positions.
Janet Yellen Downplays Recession Risk, Calls It a 'Transition'
U.S. Treasury Secretary Janet Yellen downplayed recession risks and said that the economy is in a "transition." Is she right or wrong?
Will Interest Rates Continue to Rise After Fed Meeting This Week?
So far, the Fed has met four times in 2022 and has raised rates three times. Will interest rates continue to rise after the Fed meeting this week?
Why Is Nancy Pelosi Going to Taiwan? Tensions Continue to Mount
Speaker of the House Nancy Pelosi is planning an August visit to Taiwan, despite warnings from military officials that it would provoke China.
Fact Check: Did Biden Change Recession Definition Ahead of Q2 GDP?
A White House blog post has courted controversy over its definition of "recession." Is Joe Biden trying to redefine recession ahead of the U.S. second-quarter GDP release?
BRICS Is Working on a New Global Reserve Currency
Vladimir Putin said that BRICS is working on a new currency. Could it replace the U.S. dollar to become the global reserve currency?
195 House Representatives Voted Against the Contraception Bill
As lawmakers seek to codify the right to contraception into federal law, hundreds of House Representatives voted against the bill.
A Recession Seems Imminent — If It Happens, How Long Might It Last?
Talks about a recession have been increasing and people are trying to prepare. If there were a recession, how long would it last? Here is what history tells us.
The U.S. Dollar Is Strong — And Getting Stronger
The U.S. dollar and euro reached parity recently. Here’s why the U.S. dollar is so strong and what it means for the global markets.
Georgia's Heartbeat Bill Goes Into Effect Immediately With Very Few Exceptions
'Roe v. Wade' being overturned paved the way for Georgia to implement its 2019 Heartbeat Bill. Does the state make any exceptions regarding abortions?
USPS Revises Its Electric Vehicles Contract Again — All the Details
The USPS revised its contract and plans for purchasing fleet vehicles, increasing the percent that will be electric from 10 percent–40 percent.
Fact Check: Did President Biden Say He Has Cancer?
During a speech on climate change, Biden said he had cancer. Is the President terminally ill? Or was this just a moment of him fumbling his words?
Fed Decision July 2022: Will It Be a 100 Basis Point Hike?
The Federal Reserve meeting will be held next week on July 26–27. What decision will the Fed make and could it be a 100 basis point rate hike?
Why One Expert Thinks Millennials Are To Blame for the Record Inflation
Inflation is continuing, creating more economic anxiety. One expert says Millennials are to blame for the sky-high inflation.
Lis Smith Isn’t Married, But Did Date a Married Man in the Past
Political strategist Lis Smith isn't a married women, although she did date a married man in 2013. Here's the scoop on her dating history.
Few Republican Senators Likely to Support Same-Sex Marriage
Legislators are attempting to codify same-sex marriage and protect it from potential overturn. Which senators support same-sex marriage?
What a Climate Emergency Declaration would mean for the U.S.
Joe Biden is considering making a national climate emergency declaration. What would it mean for the U.S.?
Key Democrats and "Squad" Members Arrested During Abortion Protest
A group of Democrat leaders known as "The Squad" were arrested during a peaceful protest regarding abortion rights. What happens to them now?
Who Will Be Donald Trump's Running Mate in 2024?
We know Mike Pence is probably out of the running, so who will Donald Trump select as his running mate in 2024? Here are some strong contenders.
Steve Bannon’s Trial Begins: Will He Serve Jail Time?
Steve Bannon, former Trump strategist, is going to trial for failure to comply with the Jan. 6 Committee subpoenas last year.
U.S. Three-Year Inflation Expectations Temper Somewhat — Is a Relief Ahead?
As inflation in the U.S. remains high, investors are looking toward inflation expectations. What are the U.S. three-year inflation expectations?
Texas Suing Biden Administration Over Medical Emergency Abortion Requirement
The state of Texas is suing the Biden administration over a ruling requiring states to provide abortions in medical emergencies. Will the lawsuit be successful?
The Hotter-Than-Expected Inflation Print Has Much Wider Implications
The U.S. inflation print came in much hotter than expected in June. What does 9.1 percent inflation mean? Let's discuss the wider implications.
Inflation Is Hitting Certain Products Harder Than Others — Details
Inflation across the board is surging, but some products are getting pricier than others. Which products is inflation hitting the hardest?
Amid "Bidenflation" Barbs, What Can Biden Do About Inflation?
Republicans have blamed Joe Biden for the spiraling inflation and termed it “Bidenflation.” What’s causing inflation and what can Biden do about it?
Paul Volcker's Hard Stance Tamed Inflation in the '80s — Will Jerome Powell Follow Suit?
The current hotter-than-expected trend of inflation readings has left many wondering if Fed needs to revisit Paul Volcker's take on rate hikes. Here's what he did.
The Euro’s Forecast for the Next Six Months Is Shaky
The euro has slid to parity with the dollar. What's the European currency's forecast? Are there any opportunities for investors?
Believe It or Not, This Isn't the Highest U.S. Inflation Rate Ever
In June, inflation rose 9.1 percent. That’s the highest rate in over 40 years. Believe it or not, this isn’t the highest U.S. inflation rate ever experienced.
The Details on Former Trump Spokesperson Katrina Pierson
Katrina Pierson, a former spokesperson for Donald Trump and his frequent defender, has testified in the Jan. 6 hearings. What's her net worth?
What Did Jill Biden Say to Upset Hispanics? Breakfast Taco Gaffe
Hispanic groups are upset with First Lady Jill Biden for a gaffe she made during a July 11 speech for the Latino nonprofit group UnidosUS. What did Jill Biden say?
Several States Have Introduced Fetal Personhood Laws
Some states have enacted fetal personhood laws as part of the process of banning abortions, and several more are seeking to pass such laws.
What Happened to Michael Flynn? People Have Theories
Michael Flynn has people curious about him, his treason-like actions, and his answers about the Jan. 6 Capitol attack.
Move Over "Transitory," the Fed Is Worried About "Entrenched Inflation"
The Federal Reserve is now worried about "entrenched inflation." What is entrenched inflation and how is it different from the usual inflation?
Did President Biden Send Oil to Europe? U.S. Reserve Oil Was Sent Overseas
As Americans struggle with record high gas prices, the oil in U.S. reserves is being sent overseas. Did President Joe Biden send oil to Europe?
President Biden Reveals Plan to Help Protect Workers' Pension
On July 6, President Biden visited Cleveland to discuss the details of his workers pension relief plan, which will help future retirees.
Congresswoman AOC Still Owes Over $2,000 in Back Taxes
When Rep. Alexandria Ocasio-Cortez (D-NY) showed up to the 2021 Met Gala in a white gown with “Tax the Rich” in bold red letters across it, AOC owed New York back taxes.