Inflation

WHITE HOUSE CHAOS: Treasury Secretary Admits Inflation Out of Control, Early Estimates ‘Wrong’

WHITE HOUSE CHAOS: Treasury Secretary Admits Inflation Out of Control, Early Estimates ‘Wrong’

Treasury Secretary Janet Yellen addressed the American people Wednesday as the nation continued to grapple with multiple economic crises; admitting the Biden administration was “wrong” when it predicted inflation would be a temporary obstacle. “I think I was wrong then about the path that inflation would take,” Yellen told CNN’s Wolf Blitzer on “The Situation …

PAIN IN THE GAS! Gas Prices Hit New High, Gallon SPIKES to $4.62, Up 110% Since 2020

PAIN IN THE GAS! Gas Prices Hit New High, Gallon SPIKES to $4.62, Up 110% Since 2020

The cost for a gallon of gasoline rose to $4.62 nationwide Tuesday, with motorists feeling even more pain at the pump in places like California, New York, Illinois, and Hawaii. President Biden irked millions of Americans last week when he called record-high gas prices an “incredible transition” from fossil fuels. His comments come as economists …

‘WORSE THAN WE THOUGHT’: First Quarter GDP Plunged 1.5%, Jobless Claims Surge

‘WORSE THAN WE THOUGHT’: First Quarter GDP Plunged 1.5%, Jobless Claims Surge

New data shows the US economy shrank by 1.5% in the first quarter of 2022, worse than previous estimates from economists and the Biden administration. The White House initially forecasted a decline of 1.3%. From CNBC: First-quarter GDP declined at a 1.5% annual pace, according to the second estimate from the Bureau of Economic Analysis. That was …

PAIN IN THE GAS! Average Gas Prices Top $5 in NY, $6 in California, Gallon SPIKES to $4.60 Nationwide

PAIN IN THE GAS! Average Gas Prices Top $5 in NY, $6 in California, Gallon SPIKES to $4.60 Nationwide

The cost for a gallon of gasoline rose to $4.60 nationwide Tuesday, with motorists feeling even more pain at the pump in places like California, New York, Illinois, and Hawaii. President Biden irked millions of Americans this week when he called record-high gas prices an “incredible transition” from fossil fuels. His comments come as economists …

ULTRA FAILURE: US ‘Barreling Toward Recession’ as Gas Prices Hit ANOTHER Record High

ULTRA FAILURE: US ‘Barreling Toward Recession’ as Gas Prices Hit ANOTHER Record High

Economists warned the American public Thursday that the country is likely “barreling toward a recession” under President Biden and the Democratic Party. From The Washington Post: The U.S. economy could be heading for a recession in the next year, according to growing warnings from banks and economists, as a sudden bout of economic pessimism hammers …

New Record High Gas Prices

New Record High Gas Prices

Gas prices surged to a new record high today, with the nationwide average reaching $4.42 per gallon. Rob speaks with the founder and executive director of Power the Future, Daniel Turner, about what the Biden Administration is doing to ease prices for Americans.