Money & The Economy
News on Finance, Money, markets and the economy
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The Busler Single Rate Tax Plan Ensures All Americans Pay Their “Fair Share”
President Biden wants to finance his huge spending plans by raising taxes mostly on the highest income earners. He argues…
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Retail Sales Surprisingly Increased Last Month After Plummeting In July
Retail sales unexpectedly increased last month despite continued challenges facing the economy as it recovers from the coronavirus pandemic. Sales…
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Inflation pauses in August, but it will accelerate as Covid cases decline
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for August. The number was .3%, which is the smallest…
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BidInflation: E-Commerce Prices Have Skyrocketed
Online shopping prices have rapidly increased since the start of the pandemic as consumers rely more on e-commerce, according to…
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Raising the Debt Ceiling Will Be Washington’s Next Big Fight
For 55 of the last 59 years, the federal government has spent more money than the revenue it has raised.…
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Biden Effect: Small Business Owners Are Pessimistic About Economic Recovery, Poll Shows
Small business owners are hesitant to make additional investments due to pessimism regarding the ongoing U.S. economic recovery. Just 29%…
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Amazon To Pay Employees’ Full College Tuition In Latest Attempt To Attract More Workers
Amazon will begin paying college tuition for hundreds of thousands of its employees in an effort to attract more workers,…
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Jobless Claims Plummet To 310,000 As Enhanced Benefits End
The number of Americans filing new unemployment claims decreased to 310,000 last week as the economy struggle to recover from…
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Expanded Unemployment Benefits Hindered Main Street Recovery, Small Business Owners Say
Pandemic-related unemployment benefits slowed the economic recovery by incentivizing out-of-work Americans to remain unemployed, small business owners said. “People won’t…
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El Salvador Becomes First Country To Use Bitcoin As National Currency
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, allowing Salvadorans to use the cryptocurrency to…
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Fed Could Soon Lose Control Of Inflation Like In 1960s, Economic Historian Says
Prominent economic historian Niall Ferguson said current inflation could be in line with where it was in the 1960s during…
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Biden Still Doesn’t Get It on Jobs, Business Growth, and Tax Impacts
According to the U.S. Bureau of Labor Statistics (BLS), the U.S. economy added 235,000 jobs last month. This figure was…
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GM To Shut Down Production At Most North American Plants Due To Chip Shortage
General Motors will shut down production at the majority of its North American plants for up to two weeks due…
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Biden Effect: US Economy Added Just 235,000 Jobs In August, Way Short Of Economists’ Projections
“There’s no question that job growth of the first seven months this year has slowed down compared to the last…
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‘Pro-Growth’: Democratic Colorado Gov Jared Polis Says He Favors Eliminating His State’s Income Tax
Democratic Colorado Gov. Jared Polis said he favors eliminating his state’s income tax during a conservative conference on Friday. Taxes…
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