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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Arizona Latinos are most concerned about inflation, jobs and rising crime, according to a new poll published by UNIDOS US, a research and policy analysis organization that has focused on Hispanic American issues since 1968.
The poll, taken between July 20 and August 1 ranked 14 issues in terms of priorities for Arizona based Latinos, finding that of those categories 49% considered inflation the most pressing concern. Thirty four percent focused on jobs and 27% on crime.
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The majority of Americans say inflation is causing them financial hardship, according to a new poll.
While the Biden administration heralded a pause in the rise of inflation for the month of July, a new Gallup poll indicates that Americans are feeling the pain more now than at the beginning of this year.
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Jerry Brown, director of public relations for St. Mary’s Food Bank, told The Arizona Sun Times that the number of families seeking food in Arizona has risen in recent months.
“To give you an example at St. Mary’s Food Bank,” Brown said Friday. “We’re still getting the final numbers in for August, but we’re going to come close to 150,000 families served just in the month of August. Something we didn’t do during the pandemic. The height of the pandemic. That’s not something we did during normal holiday years when we hand out a lot of turkeys. We do 18,000 turkeys for families around the holidays. Even those months didn’t result in 150,000 touches with families.”
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A U.S. Senator from Tennessee says President Joe Biden’s Thursday night speech, wherein he labeled his political opponents as “extremists” who are a threat to the United States is simply a distraction tactic.
“Don’t allow Joe Biden to distract from the real problem: inflation is at a 40-year high, there is a crisis at our southern border, and our adversaries don’t fear us,” Sen. Marsha Blackburn (R-TN) said.
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A pro-economic freedom group targeting the Hispanic community is sounding the alarm on the harm of inflation.
According to a report from Republicans on the Joint Economic Committee, the cost of inflation in Georgia exceeds the national average, costing families 12.1% more to live. Households in Georgia are paying $598 more per month and $7,175 more per year.
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Amid record-high inflation sweeping the country, the expense of raising a child has reached new heights. What is commonly called “Bideninflation” costs families $26,000 more per child.
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The effect of inflation on Pennsylvania’s agricultural sector has been to exacerbate already-existing problems, driving up costs and squeezing business owners.
Since March, the monthly consumer price index in Pennsylvania has averaged 8.4%. Large amounts of federal spending, along with the Russian invasion of Ukraine, have meant rising prices from raw materials to food and consumer goods.
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Consumer prices remained high in July but showed only a slight increase from June, a pause from months of surging prices.
The Bureau of Economic Analysis Friday released the Personal Consumption Expenditure Index data, a key marker of inflation closely watched by the U.S. Federal Reserve when it makes its interest rate decisions.
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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 for her reaction and interpretation of how the student loan forgiveness will impact inflation.
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My wife and I recently were out for our morning walk and she commented on how weird inflation is. Some prices are sky high, she observed, while others have barely budged.
A carton of eggs is up 33 percent over the last year, while tomatoes haven’t changed at all. Airline flights are through the roof, but the cabin we rented on our last vacation was several hundred dollars less than in previous years. Our electric bill is soaring, but her personal care products and my son’s new sneakers were about the same (or less) than what she had previously paid.
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The Republican National Committee opened a new Hispanic Community Center in Tucson, Arizona, and Republican Senate nominee Blake Masters, who appeared at the center’s opening, spoke with The Arizona Sun Times via the phone about the importance of connecting with the community.
“I think people are looking, now more than ever, for their elected officials and their servant leaders to be accessible and to have a place where you can learn more and talk to like-minded people in the community and talk about issues. I think the Republican Party’s doing great, you know, with initiatives like this, with this center and others to hopefully be permanent fixtures. I don’t want this to be something we pop up around election time and then go away,” Masters said.
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Arizona’s secretary of state and current Democrat nominee for governor says November’s election is a choice between “sanity and chaos,” suggesting that Democrats are the “sane” party.
“First and foremost, this race for governor is, I don’t think, about Democrats or Republicans. It’s really a choice between sanity or chaos,” Secretary of State Katie Hobbs (D) said on Sunday. “I’m someone who’s battle-tested as a statewide leader, with a track record of working across the aisle to get the job done for Arizonans.”
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Rep. David Schweikert (R-Ariz.-06) is concerned that Arizona is undergoing the highest level of inflation within the continental states (urban Alaska is the only part of the country with a higher level). To combat the problem, he co-sponsored H.R. 8579, the Retirement Protection Act, with Rep. Byron Donalds (R-Fla.-19).
In a statement, Schweikert said, “This bill would play a critical role in fighting inflation while helping Americans protect their savings.” He told The Arizona Sun Times, “It improves people’s retirement future so they stay even and don’t become a victim of inflation.”
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Despite slowing inflation in July, food prices have continued to rise at historic levels, the U.S. Bureau of Labor Statistics reported Wednesday.
“The food index increased 10.9 percent over the last year, the largest 12-month increase since the period ending May 1979,” BLS said.
Some grocery store items have seen prices rise even faster, though.
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A new survey shows that 1 in 4 college students have to drop classes due to high tuition rates and rising inflation.
The survey of over 1,000 college students was done by Intelligent.com and showed that nearly 1 in 4 students would be forced to drop some or all of their classes if their tuition costs increased by 5%.
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On Sunday, the US Senate passed the Democrat-backed $740 billion “Inflation Reduction Act” by a 51 to 50 vote, with Vice President Kamala Harris casting the deciding vote. Many Arizona Republican lawmakers are among those claiming the bill will further impact inflation in a negative way while offering no real-time solution to struggling Americans.
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Monday morning on The Tennessee Star Report, host Leahy welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
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U.S. Senators Marsha Blackburn (R-TN) and Bill Hagerty (R-TN) criticized President Joe Biden and their Democrat colleagues on the passage of the $740 billion “Inflation Reduction Act” Sunday. As expected, no Republicans supported the measure, and so by a 51 to 50 vote, with Vice President Kamala Harris cast the deciding vote.
The Inflation Reduction Act, described by Forbes as “a slimmed-down version of the Build Back Better bill,” allows the government to control the price of prescription medications, contains funding for fighting climate change, would implement larger taxes for wealthy corporations, expand the IRS by some 87,000 agents, and more more.
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Donald Trump on Saturday delivered stinging rebukes of the Biden administration at the Dallas Conservative Political Action Conference, one of a continuing series of indications that the still-popular former president has set his sights on a return to the White House for 2024.
Trump during his speech declared that the U.S. “is being destroyed more from the inside than the out,” and that the country “is on the edge of an abyss, and our movement is the only force on earth that can save it.”
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New jobs data shows that a significant number of Americans saw their income shrink last month even as prices continue to rise.
Morning Consult released new economic data showing that the number of Americans reporting lost pay or income rose from 11 to 11.7% in July.
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The America Rising PAC (ARPAC), a group dedicated to exposing the truth about Democrats, recently shared critical information regarding current Senator Mark Kelly (D) for Arizonans to know before the General Election in November.
“Contrary to his rhetoric on the campaign trail, Mark Kelly has been nothing but a rubber stamp for Joe Biden and Chuck Schumer’s devastating agenda,” shared ARPAC Press Secretary Whitney Robertson with the Sun Times via email. “If Arizonans are looking for a Senator who will actually put the people over politics, it’s time to send Kelly packing.”
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Anyone who has a car is breathing a sigh of relief this last week. After two years of increasing gas prices, we’ve finally had a significant fall in gas prices.
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Rising prices mean that Americans are spending more on the same goods and services, and as a result more than 60% of U.S. consumers are living paycheck-to-paycheck or dipping into savings to cover their routine costs, a recent LendingClub report found.
The number of Americans living paycheck-to-paycheck was up 5.5% in June from a year prior as fully 61% of Americans now devote nearly all of their salaries to expenses with little or nothing left over at the end of the month, according to LendingClub’s report. Americans’ purchasing power has declined in recent months as inflation has outpaced wage increases, making it more difficult to afford normal budgets, the report concluded.
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Tennesseans may notice their grocery bills are a little less this month, as Gov Bill Lee announced Monday that the long-awaited suspension of tax on groceries went into effect state-wide. The governor first proposed the idea in March.
“As Americans see their cost-of-living skyrocket amid historic inflation, suspending the grocery tax is the most effective way to provide direct relief to every Tennessean,” Lee said at the time.
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The Biden administration’s oft-touted talking point that employment has boomed under the administration is misleading and instead simply a natural recovery from pandemic losses, economists told the Daily Caller News Foundation.
Facing consecutive quarters of negative gross domestic product (GDP) growth, sky-high inflation and plummeting consumer sentiment, the Biden administration has routinely cited a low unemployment rate and strong on-paper jobs creation as positive results of President Joe Biden’s economic stewardship. But the notion that these figures represent booming job creation is misleading since the economy has merely rebounded by adding back jobs that were lost during the pandemic and has still yet to reach pre-pandemic levels, economists told the DCNF.
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Democrats in Congress have proposed a new spending bill that would allocate $80 billion for the sole purpose of expanding the Internal Revenue Service (IRS), ostensibly to fight inflation by raising government revenues.
As reported by The Daily Caller, the bill is called the “Inflation Reduction Act of 2022.” The bill would see the size of the IRS increase as part of a broader effort to increase “taxpayer compliance.” Under the new bill, the IRS would spend an additional $80 billion over the course of the next 10 years, up significantly from its current budget of $13.7 billion, with a primary focus on hiring thousands of new agents, and expanding operations, facilities, and services.
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Inflation has soared in the past year, and parents are feeling the difference as they start back-to-school shopping this year.
A new Morning Consult survey found that parents expect to spend more money and are less excited about shopping for their children this year.
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The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, continued to surge in June, according to data released Friday by the Bureau of Economic Analysis (BEA).
The PCE index was up 6.8% for the year ending in June, an increase from the 6.3% that it was at in both April and May, the BEA announced. PCE is the Fed’s preferred measure of inflation because it is “just better at capturing the inflation people actually face in their lives,” and the central bank endeavors to keep it at 2%, Federal Reserve chair Jerome Powell said Wednesday.
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Friday morning on The Tennessee Star Report, official guest host Aaron Gulbransen welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
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Pennsylvania’s four state-related universities are moving ahead with tuition increases in spite of Republican lawmakers’ exhortations that they freeze their prices.
Earlier this week, state Senator Doug Mastriano (R-Gettysburg) sent a letter to the administrators of Temple University, Lincoln University, the University of Pittsburgh and the Pennsylvania State University to urge them not to further economically burden students or their families as inflation rages. Soon thereafter, GOP leaders of the state House of Representatives sent their own message to the four schools which operate independently but rely heavily on state funding.
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Former Connecticut state Representative Themis Klarides touted her 22 years as a state lawmaker and her support for abortion and gun control as she faced off against two conservative Republican candidates during a GOP primary debate for the U.S. Senate seat currently occupied by career Democrat Senator Richard Blumenthal.
Klarides’ liberal positions on several issues, portrayed as what is acceptable for Connecticut Republicans, clashed with those of Greenwich fundraiser and former trader Leora Levy and immigration attorney Peter Lumaj.
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The U.S. Federal Reserve announced another 0.75% rate hike Wednesday in response to inflation, which has soared to its highest level in more than four decades.
The announcement comes after just last month the Federal Reserve announced a rate hike of the same size, which at the time was the largest rate increase since 1994.
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Wednesday morning on The Tennessee Star Report, host Leahy welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
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Georgia 6th Congressional District Republican Nominee Rich McCormick challenged Bidenomics and President Biden’s definition of the word ‘recession’ in a statement on Monday.
“‘Two quarters of declining GDP doesn’t mean we are in a recession’ is the new ‘Inflation is transitory.’ The Biden Administration should try to spend as much time trying to fix the economy as they do making excuses for it,” McCormick said.
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Individuals, who live in or near the neighborhood that Rep. Tim Ryan formerly lived in, knocked the congressman as he attempts to run for U.S. Senate.
The Washington Free Beacon traveled to Ryan’s old neighborhood and spoke to residents of the area, who expressed concern over inflation and skepticism over Ryan’s campaign.
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State Sen. Doug Mastriano (R-Gettysburg) this week wrote to Pennsylvania’s four state-related universities to urge them to abandon their planned tuition increases and freeze in-state tuition in light of skyrocketing inflation.
The senator noted that the Keystone State’s Fiscal Year 2022-23 budget allots $600 million in total to Lincoln University, Temple University, the University of Pittsburgh and the Pennsylvania State University. Those institutions are also getting $40 million in new discretionary funding from Gov. Tom Wolf (D). With such generous state subsidies, Mastriano reasoned, partially public universities should make every effort to avoid putting new pressures on students and their families.
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A new survey of consumers reports a lack of confidence in the economy as inflation soars.
The latest Confidence Index, a product of nonprofit research group Conference Board, indicates consumers have lost faith in the economy’s future. A new index is published monthly.
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Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows.
The small business network Alignable released its July Hiring report which found that “45% of small businesses (SMBs) are halting their hiring, largely because they say they can’t afford to add staff.
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