Americans Begin to Feel the Sting of Fed Rate Hikes
Rising interest rates due to Federal Reserve’s decisions are straining American finances. Consumers face higher costs for home and car loans, and existing debts are...
US consumer confidence tumbles in September as American anxiety about the future grows
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for...
Can the U.S. Economy Survive Four Simultaneous Shocks at Once?
The U.S. economy is facing simultaneous threats: potential auto worker strikes, a possible government shutdown, the resumption of student loan payments, and rising oil prices....
UAW strike: 13,000 auto workers walk off
DETROIT (AP) — Nearly one in 10 of America’s unionized auto workers went on strike Friday to pressure Detroit’s three automakers into raising wages in...
Why More Baby Boomers Are Facing Homelessness
The surge in elderly homelessness is being significantly impacted by the Baby Boomers, amplifying a public-policy crisis and burdening taxpayers. Increasingly, aging individuals face homelessness...
Massive $2 Trillion Deficit Expected in Fiscal 2023
Washington faces a spending showdown, but the fiscal year ending this month brings a dire reality – a projected $1.7 trillion deficit, roughly $13,500 per...
US Military Drills Near Russia Raise Concern in Kremlin
Amid Russia’s sphere of influence, the U.S. has launched joint military exercises with Armenia, a long-standing Russian ally. This marks a shift in geopolitical dynamics...
High Government Debt Levels Are Here to Stay. Why It Matters.
An electronic billboard at a bus shelter in Washington, D.C., displays the national debt. It topped $32.3 trillion in early July, and $32.9 trillion on...
Is there a subprime credit-card crisis on the horizon?
Subprime consumers are falling behind on their credit-card bills. From Generation Z and millennials to Generation X and baby boomers, credit-card delinquency rates have been...
The Biden Administration to Implement Overtime Pay for Millions of Workers by Default
The Biden administration proposes overtime pay for salaried workers earning around $55,000 or less annually, exceeding the current $35,568 threshold. The plan aims to add...