Did Biden Send Oil to China Despite Rising U.S. Gas Prices?
Reports suggest that oil from the SPR is being diverted to China. Did Biden send oil to China and is he to blame for the steep rise in U.S. gas prices?
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.
Biden Is Suing Arizona Over Restrictive Voting Requirements
The Department of Justice has sued the state of Arizona. Why is Biden suing Arizona? Here are all the details about the state's restrictive voting requirements.
Jeff Bezos Slammed Biden Over Tweet About Gas Prices
Amazon founder Jeff Bezos has a bone to pick with President Biden — again. This time, it’s about gas prices. What did Bezos say about Biden's gas prices tweet?
The Current Betting Odds for the 2025 Presidency Don't Favor Biden or Trump
While Donald Trump has long been the presumptive 2024 Republican nominee, currently some odds trackers favor Florida governor Ron DeSantis.
Is TikTok Getting Banned on July 8? All the Details
Although FCC Commissioner Brendan Carr has asked Apple and Google to remove TikTok from their app stores, there's no reason to suspect that they will do so on July 8.
Fact Check: Are Guns Really Banned in Chicago?
Some politicians claim that Chicago has banned all guns, using that as an excuse to not pass stricter gun control laws. However, guns are legal in Chicago.
John Kerry Isn't the Richest Politician but He Is Wealthy
John Kerry has a net worth of $250 million in 2022, though many attribute his wealth to his wife, Teresa Heinz Kerry, the heiress to the Heinz Company fortune.
What "Omnibubble" Means and Why You’re Hearing It
Forget a bubble. We’re talking about an “omnibubble,” and why you may be hearing the term today. Here's everything you need to know about the economic term.
Economists Expect a U.S. Recession in 2023, Hard Landing From Fed
The odds of a U.S. recession are rising and now investors are worried that there will be a recession in 2023. Let's see what economists think.
Will Donald Trump Be Indicted After Jan. 6 Hearings?
While many Trump supporters expect him to run and win the U.S. presidential election in 2024, many others wonder whether he will be indicted and go to jail.
Relax! Banks Can't Take Your Money in a Recession
Recession fears have been rising in the U.S. Is your money safe or can banks take your money in a recession or a depression? Relax, your money is safe.
Interest Rates May Stay Higher Until 2024, Plan Accordingly
How long will interest rates stay high? The Federal Reserve faces a dilemma of taming inflation while also not hurting the economy.
If You Live in California, You May Get an Inflation Relief Check Soon
The stimulus checks issued in 2020 and 2021 were helpful for many U.S. residents. Will California residents get inflation relief checks? Here's what we know.
What Did Steven Palazzo Do? Ethics Charges Are Piling Up Against Him
Mississippi Representative Steven Palazzo has been under fire for ethics charges. What did he do and what charges is he facing? Let's discuss.
Are Activists Leaking Supreme Court Justices’ Credit Card Information?
Photos of Justices Amy Coney Barrett, Brett Kavanaugh, and Clarence Thomas circulated on TikTok recently, all of which contained their alleged credit card numbers. But is it accurate?
Mark Meadows' Whereabouts and Employment Brought Into Question
Mark Meadows left the White House in January 2021. Now, he's working as a senior partner at the Conservative Partnership Institute.
Federal Agents Seized John Eastman’s Phone, Former Trump Lawyer Wants It Back
John Eastman, a pro-Republican and pro-Trump lawyer, was involved in promoting the election fraud lie to Trump and others. His phone has been seized by authorities.
Inflation Is Running Red Hot — Could the Situation Get Worse?
The U.S and many countries the world over are going through red-hot inflation. What does "red-hot inflation" mean? Will inflation keep getting worse?
Plan B Pill Demand Surges on Overturning of Roe v. Wade
Since Roe v. Wade's overturn, people are turning to emergency contraceptive pills, or "Plan B." Which company owns the Plan B pill?
Will Interest Rates Go Up or Down in 2023? Projections, Explained
The interest rates have been on an upward trajectory in 2022 to control inflation. Will interest rates go down in 2023? Here are the latest projections.
These Companies Cover Travel Costs for Employees Seeking an Abortion
With Roe v. Wade overturned, many states have started implementing local bans on abortion. Which companies will pay for employees' abortion travel costs?
Supreme Court Hands Down ‘Dobbs’ Decision, Overturns ‘Roe v. Wade'
The Supreme Court handed down its decision in the 'Dobbs v. Jackson Women’s Health' case on June 24, 2022. The ruling overturned 'Roe v. Wade'.
Where Is Jeffrey Clark? Federal Agents Raid Former DOJ Lawyer’s Home
Where is former DOJ environmental lawyer Jeffrey Clark after his home was raided by DOJ law enforcement officials on June 23, 2022?
FDA Bans All Juul Products Currently Being Sold and Distributed in the U.S.
After a $40 million lawsuit settlement, Juul is facing trouble again. This time, the company's e-cigarettes have been completely banned by the FDA.
What Does the Federal Gas Tax Pay For? Biden Seeks Waiver
President Joe Biden has proposed suspending the federal gas tax. What does the federal gas tax pay for and how would the deficit be met?
How to Prepare for a U.S. Recession If One Hits in 2022
Many economists are predicting a U.S. recession over the next year. Here’s how to plan for a recession and prepare yourself in case one hits.
New U.S. Treasurer Lynn Malerba Has Extensive Qualifications
President Biden appointed the first Native American U.S. treasurer. Here’s what to know about Chief Lynn Malerba, including her qualifications.
Biden Calls on Congress to Suspend Federal Gas Tax Until September
Biden is considering a federal gas tax holiday. How could it lower gas prices for U.S. consumers? Here are the latest updates on the gas tax holiday.
Elon Musk Predicts a U.S. Recession: Here’s What Happens When the Economy Slides
Elon Musk has predicted a recession. What happens during a recession in the United States and what does it mean for the average consumer?
Is Texas a “Donor State” in Terms of Federal Taxes?
Texas is one of the states that pays a higher proportion of federal taxes than most other states, which makes it less dependent on federal revenue.
Gas Rebate Cards: Biden Looks at Options to Alleviate Rising Gas Prices
President Joe Biden is looking for ways to help Americans alleviate the pain at the pump. One thing he is considering is gas rebate cards. What are gas rebate cards?
PBS Political Commentator Mark Shields Dies at 85
Mark Shields, a longtime liberal political commentator for 'PBS NewsHour,' has died at age 85 from kidney failure complications.
Higher Government Spending Does Cause Inflation — Here's Why
Amid multi-decade high inflation, many have been trying to apportion the blame for the price rise. Does high government spending cause inflation?
Would a Recession Lower Car Prices? Demand Remains High Despite Prices
As the U.S. faces a potential recession without a break in inflation, how are car prices expected to fare? Do car prices go down during a recession?
Inflation Is a Worldwide Issue in 2022, U.S. Consumers Feel the Heat
U.S. inflation is running at multi-decade highs. Is inflation worldwide or are only U.S. consumers feeling the heat from the massive price rise?
Is There An Age Limit For President? Not Right Now
President Joe Biden’s recent fall off his bike has got many on social media talking. At 79, Biden is the oldest U.S. President. Is there an age limit for President?
What Industries Are Hit Hardest by Inflation? Sectors, Explained
Certain industries are feeling the inflation squeeze more than others. Let's discuss which sectors inflation impacts the most and why.
Will U.S. Stocks Recover in 2022 as Recessions Fears Increase?
There hasn't been any respite for investors and stocks have continued to plummet in June as well. When will U.S. stocks recover? Here's what we know.
States’ Stimulus Checks Could Help Residents Fight Inflation Woes
As skyrocketing costs pressure consumers, some states are sending out inflation stimulus checks.
Larry Summers Predicts a Recession, While Biden Says It’s ‘Not Inevitable’
Former Treasury secretary Larry Summers has predicted a recession in the U.S. What do other economists have to say on the matter?
Identity of Watergate Source Deep Throat Was a Secret for More Than 30 Years
What was Deep Throat’s role in Watergate? Learn more about W. Mark Felt, the former associate FBI director who helped expose the Nixon administration.
Why Are Layoffs Happening? Blame the Pesky Economic Downturn
Why are layoffs happening? Learn more about the economic conditions leading companies to downsize — and see what warning signs to watch out for.
A Recession Isn't the Only Market Concern, Inflation Could Make It Worse
The U.S. is currently grappling with a lot of pressures and a potential recession is the top concern. Do prices go down during a recession?
Has Inflation Peaked or Will It Get Worse in 2022?
Could U.S. inflation get worse or has it peaked finally now that the Fed has embarked on the most aggressive tightening since 1994?
Energy Secretary Jennifer Granholm’s Net Worth
U.S. Secretary of Energy Jennifer Granholm's multimillion-dollar net worth includes real estate and earnings from speaking, teaching, and board memberships.
Chances of a Housing Market Crash in 2022 as Powell Calls for a Reset
We’ve seen signs of a slowdown in the U.S. housing market. What’s the 2022 prediction for the U.S. housing market and is it headed for a crash?
Recessions Are Normal, but Are They Good for the Economy?
Recessions are normal in any economy, including the U.S. Are recessions always bad for the economy or can they be good at times? Let's discuss.
How the Fed’s Interest Rate Increase Should Help the Economy
The Fed raised interest rates by 75 basis points at its June 2022 meeting. Why does the Fed raise interest rates?
Fed Meeting Results in Historical Interest Rate Increase
The Fed has a dual mandate of maximizing employment while maintaining stable prices. What happens when the Fed raises interest rates?
How a Recession Could Really Affect the Stock Market
Each recession is different, but here’s how an upcoming recession could impact the stock market. Let's take a look at past scenarios and the current landscape.