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.
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 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.
Has Inflation Peaked Already or Will It Get Worse in 2022?
Recently, inflation has been at very elevated levels and near a four-decade high. Has inflation peaked or will it get worse in 2022?
Interest Rates Would Go a Lot Higher as Fed Covers Its Historic Mistake
Fed Chair Jerome Powell has announced a 75 basis point rate hike, the biggest since 1994. How high will interest rates go in 2022?
Nancy Pelosi’s Husband Buys Stock Options in Apple and Microsoft
Nancy Pelosi’s investments—and those of her husband, Paul—are a matter of public record. Paul has bought call options for Apple and Microsoft.
What Happened to Illinois Rep. Sean Casten's Daughter?
Illinois Congressman Sean Casten and his family are mourning the death of his 17-year-old daughter, Gwen, who died Monday at the family’s home in Downers Grove.
Bipartisan Gun Bill Seeks to Curb the "Boyfriend Loophole"
The bipartisan gun bill seeks to curb the “boyfriend loophole.” What is the “boyfriend loophole” and how does the bill seek to address it?
Sarah Palin Leads in Alaska Primary, Hasn't Won Yet
Sarah Palin, the former governor of Alaska, holds a strong lead in the special primary election to fill a U.S. House seat. She hasn't won the primary yet.
Government Offices and Some Businesses Will Be Closed June 20 for Juneteenth
Since June 19 falls on a weekend this year, Juneteenth will be recognized on Monday, June 20. What businesses are closed for Juneteenth?
U.S. Inflation Shows No Signs of Slowing, No Quick Fix
The U.S. inflation hit another high of 8.6 percent for May. Why does inflation keep going up? Many people want to know if it will reverse soon.
FOX News Misses Out On Ratings For Refusing To Air Jan. 6 Hearings
Ratings for the Jan. 6 hearings could rival those of Depp v. Heard. Millions of Americans were able to tune into the hearing, unless they're FOX News watchers.
Economic Crash Looks Likely — How to Prepare for a Recession
There's a lot of chatter about the economy crashing due to pressure from inflation, rate hikes, and war. When will the economy crash? Here's how to prepare.
Rep. Lauren Boebert Is Being Investigated for Fraud — All the Details
Rep. Lauren Boebert is being investigated for fraud in regards to ill-gotten campaign funds that she allegedly used to bail out her struggling restaurant.
Ryan Kelley Arrested Over Jan. 6 Riot — Will He Drop Out of the Governor Race?
Michigan GOP gubernatorial candidate Ryan Kelley was arrested on June 9 due to his role in the Jan. 6 Capitol riot. Find out if he'll have to drop out of the race.
Republicans and Democrats Voted Against the Protect Our Kids Act — Find Out Who
The Protecting Our Kids Act passed the House and now it will face the Senate. Who voted against the act in the House of Representatives?
Breaking Down Madison Cawthorn's "Personal Investments"
Former congressman Madison Cawthorn earned money as a member of Congress and from “personal investments.” He's also said to be heavily involved in cryptocurrency.
Shrinkflation: What It Means and Why It’s Happening
Inflation is all over the news, but what about shrinkflation? Here’s what the term means and why it’s creeping all around you. It's gaining momentum worldwide.
Kristi Noem — South Dakota's First Female Governor Prepares for Reelection Campaign
South Dakota's first female governor, Kristi Noem, stood against COVID-19 pandemic restrictions. Now, she's preparing for her reelection campaign. What's her net worth?
Michigan Senator Debbie Stabenow Has One of the Lowest Net Worths in Congress
Michigan Senator Debbie Stabenow’s net worth of less than $1 million hardly puts her in the category of the wealthiest lawmakers in Congress.
How Much Does a Trump Endorsement Mean? Here's His Record So Far in 2022
Trump endorsements are highly sought by conservative candidates, but what does the record reflect? Does a Trump endorsement help, harm, or have no effect on a race?
Bipartisan Tech Competition Legislation: S2992 Bill, Explained
Senate bill S2992, or the American Innovation and Choice Online Act, aims to improve online competitiveness and weaken monopolies of large tech platforms.
Next Fed Rate Hike to Come Soon — Here’s How Much to Expect
The Federal Reserve is expected to approve two more rate hikes this summer and possibly into the fall as well. Here's what to expect.
What Are L.A. Mayoral Candidate Rick Caruso’s Political Views?
A frontrunner in the race for L.A. mayor, Rick Caruso is a former Republican who recently changed parties. Here are some of his key views.
'Conflicted Congress': Nancy Pelosi’s Husband Adds More Big Tech Companies
Nancy Pelosi's portfolio gets a lot of attention given some of the profitable trades. Here's the latest update on Pelosi's portfolio.
Sarah Palin Has an Impressive Net Worth and Salary
Sarah Palin's political career has given her quite the financial cushion over the years. What's her net worth?
When Will the January 6 Hearing Be Televised? All the Details
This week, Americans will have a chance to see exclusive footage related to the January 6 investigations. They will also focus on Donald Trump's involvement.
How to Spot the Riskiest and Safest Investments During a Recession
There has been a lot of chatter about an upcoming recession. What are the riskiest and safest investments during a recession? Here are all the details.
What You Should Know About Bump Stocks in Florida
Bump stocks came under scrutiny following the Las Vegas massacre.