In its efforts to curb inflation, the Federal Reserve on Wednesday raised the key interest rate by one-half point. According to the Associated Press, that’s the seventh increase this year but it’s […]
Fed raises interest rate again
Fed increasing rates again
Continuing its battle to roll back inflation, the Federal Reserve on Wednesday announced it would increase its benchmark interest rate by three-quarters of a point for the fourth consecutive time. According to […]
Biden pushes abortion rights
If Democrats control Congress after the 2022 mid-term elections, the first bill he will send to Capitol Hill will be a national abortion rights bill, President Joe Biden said on Tuesday. “I […]
Recession fears rock stocks
Fear of a recession rattled central banks and stock markets around the world on Friday as the battle against inflation threatens to turn into an economic downturn. According to The New York […]
Freight rail deal averts strike
An agreement that averted a threatened freight rail strike is being touted as a good development for President Joe Biden and his Democratic Party. The Associated Press reports that Biden pressured labor […]
National abortion ban proposed
A national ban on abortions after 15 weeks was proposed on Tuesday by Sen. Lindsey Graham (R-South Carolina). According to the Associated Press, the proposal was expected to continue to place the […]
Fed hikes interest rates again
A 0.75 percent increase in the prime interest rate was ordered Wednesday by the Federal Reserve system on Wednesday in another effort to tame inflation. According to United Press International, Chair Jerome […]
Inflation boomed by 9.1%
Inflation, fueled in large part because of the rising costs of gasoline, food and housing, has risen by 9.1 percent over the past year, according to the Department of Commerce. The Associated […]
Trump “pressured” Pence to overturn the 2020 election
Then-president Donald Trump pressured then-vice president Mike Pence to delay or overturn the results of the 2020 presidential election, the House committee investigating the Jan. 6 attack on the U.S. Capitol was […]
S&P 500 drops by 3.9%
The bears ran wild on Wall Street on Monday, as the major stock indexes plunged on fears of a possible recession. According to The New York Times, the highly-watched S&P 500 fell […]
