Monday morning on The Tennessee Star Report, host Leahy welcomed (R-TN-06) Congressman John Rose in studio to discuss his district and how the economy has been on a rapid decline in the past two years while Tennessee remained steady.
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Inflation is driving up the cost of road projects in Georgia, with some project bids more than 40% higher than projected.
As a result, Georgia Department of Transportation officials have rejected some high bids and deferred resurfacing projects for the last six months.
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Republican federal legislators from Tennessee blasted the Biden administration yesterday in light of the news that mortgage-interest rates have reached a two-decade high.
Government-sponsored mortgage corporation Freddie Mac reported this week that the 30-year fixed-rate mortgage — the option most homebuyers choose — hit 7.08 percent, exceeding seven percent for the first time since Spring 2002. The rate was 6.94 percent last week.
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Thursday morning on The Tennessee Star Report, host Leahy welcomed all-star panelist Clint Brewer in the studio to comment upon GOP momentum heading into the midterm elections and Pennsylvania US Senate candidate John Fetterman’s cognitive performance Tuesday evening.
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Business leaders in Pennsylvania don’t see inflation subsiding in the near future, according to a survey released this week by the Harrisburg-based Lincoln Institute for Public Opinion & Research.
A total of 212 businesses from across the Keystone State responded to the institute’s poll, with just over half of the respondents being business owners; 20 percent serving as either chief executive officer, head of finance or head of operations; and about a fifth serving as either state or local manager.
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Data from two new surveys have contributed to a slightly widening lead for Republican J.D. Vance in his Ohio Senate campaign against U.S. Representative Tim Ryan (D-OH-13).
One of the polls comes from the Democrat-aligned group Data for Progress, which finds that Vance has garnered 49 percent of the 1,016 likely voters with whom the organization spoke.
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Abortion is not a top priority for female voters and most women support abortion limits that would have been considered unconstitutional under the Roe v. Wade precedent, a new poll found, dashing Democrats’ hopes of an electoral advantage over abortion.
Inflation was about four times as likely to be listed as the most important issue for female respondents compared to abortion, with only 54% saying abortion was very important in determining their vote compared to 74% for inflation, according to the RMC Research/America First Policy Institute poll shared exclusively with the Daily Caller News Foundation. The polling cuts against a common Democratic talking point: that overturning Roe would be an electoral boon for Democrats as pro-abortion voters, and women in particular, flocked to the polls in November.
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When U.S. House of Representatives Speaker Nancy Pelosi (D-CA-12) came to Shaker Heights, OH this week to fundraise for Democratic 13th-District congressional candidate Emilia Sykes, Republican hopeful Madison Gesiotto Gilbert was happy to let constituents know about it.
This wasn’t the speaker’s first major show of support for Sykes; Pelosi cut her a $30,000 check via her campaign organization in July. When Pelosi flew east to support Sykes, a state representative from Ohio’s 34th Legislative District who the National Republican Congressional Committee calls Pelosi’s “protégé,” Republican spokesperson Courtney Parella put out a statement saying, “Emilia Sykes is bought and paid for by Nancy Pelosi and would serve as a rubber stamp for Pelosi’s failed economic agenda.”
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Georgia Democrat gubernatorial hopeful Stacey Abrams said Tuesday access to abortion is necessary because “having children is why you’re worried about your price for gas … how much food cost.”
“You can’t divorce being forced to carry an unwanted pregnancy from the economic realities of having a child,” she told MSNBC’s Morning Joe.
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Thursday morning on The Tennessee Star Report, host Leahy welcomed recovering journalist and all-star panelist Clint Brewer in the studio to discuss the Republican momentum in the upcoming midterms and the seriousness of candidates running for the US Senate.
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Stacey Abrams on Wednesday implied that abortion can and is used by women to help keep costs down amid rising inflation.
During an interview on MSNBC with “Morning Joe’s” host Mike Barnicle remarked that abortion “nowhere reaches the level of interest to voters” as does sky-high inflation prices for groceries, gas and other consumer products.
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Arizona’s Republican Gubernatorial nominee Kari Lake has received a history-making endorsement from the Sheet Metal, Air, Rail, and Transportation (SMART) Union Transportation Division of Arizona, marking the first time the union has supported a Republican running for a governor’s seat.
“We are confident that Kari Lake will be a champion for transportation workers and do everything she can to support our members and make Arizona’s rail industry the safest in the nation,” said Scott Jones of the SMART Transportation Division in a statement shared with the Arizona Sun Times. “Railroad safety is not a partisan issue, it’s our livelihood. So no matter who you choose, choose to vote in the 2022 general election.”
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The Internal Revenue Service (IRS) increased the individual tax deductible for 2023 at the highest rate in more than 35 years due to inflation.
Individual tax deductibles increased by $900 to $13,850, up $1,800 to $27,700 for married couples filing jointly, a roughly 7% increase compared to tax year 2022, the IRS announced Tuesday. This increase is the largest hike since 1985, when tax brackets were first tied to inflation, The Washington Post reported.
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As benefits such as the enhanced child tax credit end and inflation increases, more Connecticut residents are facing food insecurity.
As DataHaven reports that 17% of Connecticut adults have been unable to afford food at some point in the past year, Julieth Callejas, who serves as executive director of End Hunger Connecticut, told The Center Square in an exclusive interview that many factors contribute to the trend. The percentage is the highest in the last five years.
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Newly released polling data shows that inflation is causing most Americans to cut back at the grocery store.
Morning Consult released the survey results, which showed that 82% of American shoppers report trying to save on groceries in the last month because of inflation with more and more Americans simply buying less at the store.
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Retail spending held steady in September compared to August, but fell adjusted to inflation as consumers spent more on essentials, The Wall Street Journal reported Friday.
Despite the fact that consumers spent roughly the same as they did in August, $684 billion, according to the U.S. Census Bureau, these results are not adjusted for inflation, which rose 0.4% on a monthly basis in September, indicating that consumers were getting less value from their spending, according to CNBC. For example, spending at bars and restaurants grew by 0.5% in September, but prices at the same establishments increased by 0.9%, the WSJ reported.
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Tuesday morning on The Tennessee Star Report, host Leahy welcomed all-star panelist, Aaron Gulbransen in studio to comment on recent polling for midterm elections and the governor and senate races in Georgia.
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Newly released polling data shows inflation is a top concern for small businesses as prices continue to rise.
The National Federation of Independent Business released the survey, which shows that 30% of owners named inflation as the single-most important problem in running their business.
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New data shows that inflation continues to rise for consumers across the country, and in response, Arizona’s gubernatorial Republican nominee Kari Lake slammed her Democrat opponent Katie Hobbs for not supporting more tax cuts in the state.
“Today’s skyrocketing inflation data is another tragic reminder of the damage Democrats like Katie Hobbs and Joe Biden have done to Arizona’s economy. Arizona families can’t keep up with the soaring costs. I have a plan to provide some immediate relief by eliminating taxes on groceries and rent, which Katie Hobbs obviously opposes because she’d rather tax you than help you. It’s unfathomable that Katie Hobbs wants Arizonans to pay tax on top of these already crushing prices, but not surprising coming from the party of Joe Biden,” Lake said in a statement emailed to the Arizona Sun Times.
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Friday morning on The Tennessee Star Report, host Leahy welcomed to the newsmaker line Jenny Beth Martin, co-founder of the Tea Party Patriots and columnist for The Washington Times, to discuss the rise of inflation, social security, and helping train citizens to be poll watchers and workers.
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The Social Security Administration (SSA) announced the largest increase to the Social Security cost-of-living adjustment in over three decades due to high inflation.
The SSA announced that supplemental income benefits, which are paid to beneficiaries in addition to their regular benefits to offset inflation and other unexpected costs, would increase by 8.7%. This would, on average, increase benefits by $140 per month for most beneficiaries, beginning in January of 2023.
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During a recent Arizona Chamber of Commerce gubernatorial candidate forum, Democratic Secretary of State Katie Hobbs, who is running for governor, said she would not raise taxes as governor. When asked by ACC President and CEO Danny Seiden if she would raise taxes, Hobbs responded, “Absolutely not. I am pro-growth.” She pointed out that raising taxes requires a two-thirds vote in the Arizona Legislature, which would make it difficult.
Instead, Hobbs said in a new ad that she will cut taxes to help Arizonans deal with inflation; cutting income taxes for 800,000 families and exempting diapers, baby formula, and over-the-counter medicine from sales tax. However, in 2015, she voted against HB 2001, which indexed the Arizona income tax for inflation.
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Wholesale inflation exceeded economists’ expectations year-over-year in September, according to the Bureau of Labor Statistics’ (BLS) Producer Price Index (PPI), with core prices staying high despite efforts from the Federal Reserve to rein in inflation.
The index increased 0.4% for the month, while the Dow Jones had only estimated a 0.2% gain; prices rose 8.5% year-on-year for final demand goods and services, down from 8.7% in August but higher than expectations of an 8.4% increase, according to the BLS. Final demand prices not including food and energy, or “core” prices, rose 7.2% year-on-year in September.
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Wednesday morning on The Tennessee Star Report, host Leahy welcomed Tennessee’s Fifth Congressional GOP Nominee Andy Ogles in studio to discuss inflation, OPEC, and the need for America to produce its own energy.
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Arizona’s Republican gubernatorial nominee Kari Lake told Arizonans that economic relief might be on the horizon in a new ad released Sunday detailing her plan to fight high costs if elected as the state’s next governor.
“Thanks to Joe Biden’s and Katie Hobbs’ liberal tax-and-spend agenda, Arizona has one of the highest rates of inflation in the country. Katie Hobbs and the Democrat Party won’t do anything to provide relief for Arizonans, but Kari Lake will,” said the Kari Lake Campaign in a statement.
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Former president Donald Trump held a Save America rally in Mesa, Arizona on Sunday afternoon to support the MAGA slate of candidates he’s endorsed in the state and to talk about the attacks he’s under. He dropped multiple hints at Mesa’s Legacy Sports Park that he may be running for president again in 2024.
Trump said, “We’ll be making a decision soon. I think everyone is going to be really happy.” He added later during the event that he got more votes in 2020 “than any sitting president in history. Now we may just have to do it again. Stay tuned.”
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More than half of Americans saw their wages fail to keep up with inflation between the second quarters of 2021 and 2022, according to researchers from the Federal Reserve Banks of Dallas and Cleveland in a report published Tuesday.
On average, over the past 25 years, just 44.6% of employees saw their real wages decline over 12 months, with the second quarter 2022 rate of 53.4% being the most aggressive since 2011, the researchers reported in a Dallas Fed-published article. Of those who saw their wages decline, the median decline was 8.6%, much higher than the average median decline of 6.5% seen in the past 25 years, the typical range of which is a 5.7% to 6.8% decline.
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High grocery prices are top-of-mind for voters with a little over a month until the midterm elections, according to a new poll.
Convention of States Action, along with Trafalgar Group, released the poll, which found that 68.3% of surveyed voters say that the “increase in the price of groceries is impacting their motivation to vote in the 2022 election.”
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As inflation continues to batter consumers, the number of Americans living paycheck to paycheck climbed to 60% in August, according to a Friday report from financial services company LendingClub.
The increase, up from 57% in September 2021, was driven primarily by a greater portion of six figure earners slipping into a paycheck-to-paycheck lifestyle, according to the LendingClub report. While the proportion of those earning less than $50,000 and those between $50,000 and $100,000 living paycheck to paycheck stayed roughly the same, at 73.6% and 62.4% respectively, earners between $100,000 and $150,000 saw a more than 6.5% increase to 43.8% living paycheck-to-paycheck.
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Inflation rose more than expected in August, leaving Americans facing even higher prices on a range of everyday purchases, according to newly released federal inflation data.
The Bureau of Economic Analysis released the pricing data, which showed the Personal Consumption Expenditure excluding food and energy, a key marker of inflation, rose 0.6%, higher than expected by Dow Jones.
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Friday morning on The Tennessee Star Report, host Leahy welcomed Fox Business contributor and Wall Street expert Liz Peek on the newsmaker breaks down the current economic trends both in America and Europe citing a possible recession well into mid next year.
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Thursday morning on The Tennessee Star Report, host Leahy welcomed Congressman Tim Burchett (R-TN-02) to the newsmaker line to discuss the overspending of Congress and advocated for strong legislation if a Republican House takeover.
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The Common Sense Institute (CSI) Arizona announced Tuesday that the Deputy Chief of Staff for Gov. Doug Ducey, Katie Ratlief, will join the organization as its new executive director come January 2023.
“I am proud to become the Executive Director for CSI Arizona. I believe CSI has the unique capabilities to position Arizona at the forefront of the 21st century economy by capitalizing on unprecedented growth and an ever-evolving business environment through sound, accurate econometric research. At CSI, I believe we have a responsibility to use our diverse professional expertise and unwavering commitment to serve Arizonans to propel policy debates forward in pursuit of more meaningful and impactful policies,” said Ratlief.
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The U.S. Department of Defense is taking new measures to help U.S. service members deal with rising costs as inflation continues to put the pressure on Americans.
Air Force Brigadier General Pat Ryder laid out a series of changes from Defense Secretary Lloyd Austin to help families deal with the recent rise in costs, particularly in food, housing and childcare.
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Financial executives across the retail industry have been forced to adjust strategies to account for customer expectations as inflation puts pressure on outlets, The Wall Street Journal reported Friday.
Major retailers, including Macy’s and Target, who used discounts to clear excess inventory after overestimating demand for their products following a wave of pandemic-era retail spending, are being forced to develop strategies, such as reducing the size of bundles or subtly cutting down on discounts, to entice customers while protecting profit margins, the WSJ reported. Dollar stores have gained popularity as consumers struggle with inflation and — in tandem with the more aggressive discounting campaign by retailers — customers’ heightened demand for value has left some retailers concerned that customers might start to expect discounts that damage profits.
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Nashville ranked 14th in the country in the number of businesses that reported moderate or large price increases in a new poll from LendingTree. Tennessee, meanwhile, ranked 11th among all states.
The report, based on the U.S. Census Bureau Small Business Pulse Survey, said that 80.2% of businesses in Nashville reported those increases.
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Inflation continues to be the top concern for American voters going into the midterm elections. But rather than advancing responsible policies that will tame inflation, the federal government continues to pursue tax and spending plans that will raise the federal deficit, undermine growth, and do nothing to lower prices.
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Trump-endorsed Arizona Senate nominee Blake Masters received another big-ticket endorsement Thursday, this time from the National Federation of Independent Business (NFIB), the national leading small business advocacy group.
“Blake Masters has experience working in the business community and will be a strong supporter of Arizona’s small businesses in the U.S. Senate,” said Chad Heinrich, NFIB Arizona State Director. “His top priority in Congress will be to get the economy back on track and to create a pro-small business environment. He has also expressed an interest in improving workforce training, which will help small businesses immensely as they continue to manage a worker shortage. We are proud to endorse Blake Masters today and look forward to working with him.”
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A U.S. Senator from Tennessee released a video recapping a 95 county tour of the state, which she does annually, meeting with members of local communities statewide.
“We just finished our annual 95 county tour, visiting with all our county mayors, elected officials, our business owners and citizens of this great state,” said U.S. Sen. Marsha Blackburn in a video uploaded to her YouTube page.
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The Federal Reserve has raised target interest rates by 75 basis points for the third time this year following a Wednesday meeting of the Federal Open Market Committee.
The new target range for the federal funds rate is anywhere between 3% to 3.35% up from the current 2.37%, making it the most aggressive hike since the early 1980s. The Federal Reserve is expected to continue this trend into March of 2023 as an attempt to curb ongoing increases in inflation, CNBC reported.
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Following nearly 100 days of declines, gas prices rose slightly Wednesday, and are forecasted to change little in the near future.
The national average price rose by about a cent to $3.68, snapping a 98-day streak of declines since prices peaked at $5.02 in mid-June, according to data from the American Automobile Association (AAA). A slight increase was expected to occur soon after prices fell only four cents last week, the smallest decrease in months, which the AAA attributed to the impacts of “war, COVID, economic recession, and hurricane season,” in a statement Monday.
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As Ford grapples with nearly $1 billion in elevated expenses from suppliers due to inflationary pressures, those same suppliers have been unable to provide parts for nearly 45,000 trucks and SUVs, forcing them to be left unfinished in the third quarter.
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The desperate attempts by the White House, congressional Democrats, and the corporate media to refocus voter attention on abortion rather than inflation are failing. Most reputable polls show that the electorate is far more concerned about mismanagement of the economy by President Biden and his collaborators in Congress than about threats to reproductive rights posed by “MAGA Republicans.” Contrary to Democratic hopes, November won’t be about abortion vs. inflation. The midterms will be a referendum on Biden’s performance, particularly as it affects inflation.
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Newly released polling data shows that the majority of Americans report they are falling behind the cost of living.
NBC News released the poll, which found that 58% of Americans disapprove of President Joe Biden’s handling of the economy.
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Federal data shows the Atlanta area has the country’s second highest local metropolitan inflation reading. As the national Consumer Price Index climbed an average of 8.3% over the past year, that of Atlanta climbed a whopping 11.7% during the same time period
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Former President Donald Trump addressed a packed rally at the Covelli Centre in Youngstown this weekend, reprehending Joe Biden, Tim Ryan and other Democrats for economically crushing working Buckeye Staters with unrelenting inflation.
Trump further laid into the leftists who control Congress and the White House for advancing policies that exacerbate illegal immigration and impress anti-American civic and historical narratives upon K-12 students. He urged listeners to back Republican Senate candidate J.D. Vance as well as GOP U.S. House candidates to reverse these trends. He showed particular ehtusuasm for the reelection of U.S. Representative Jim Jordan, a Republican who represents the north-central and western Fourth District.
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While the July and August Consumer Price Index numbers show “inflation has stalled,” a Georgia expert warns that “we’re not out of the woods yet.”
On Tuesday, the U.S. Bureau of Labor Statistics announced that the CPI rose 0.1% in August and 8.3% year-over-year.
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Senator Marsha Blackburn (R-TN) called out President Joe Biden on Tuesday for holding a formal celebration for the recent passing of the Inflation Reduction Act.
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Tennessee lawmakers are issuing statements regarding Tuesday’s report showing the latest inflation numbers from August.
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Tuesday morning on The Tennessee Star Report, host Leahy welcomed libertarian, professor, and author Dr. Murray Sabrin to the newsmaker line to discuss his new book The Finance of Health Care and his thoughts on how to fix the American economy.
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