Several manufacturing and business leaders are concerned about how inflationary pressures are hurting businesses through heightened input and transportation costs.
Participants at a round table event on Capitol Hill Thursday said that inflation has increased the cost of raw materials, making it harder for manufacturers to obtain what they need to do business.
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All but one public university in Virginia are taking steps to address students’ tuition burden after a call to action from the governor.
Earlier this year, Glenn Youngkin requested that the commonwealth’s public universities reverse their planned tuition increases, citing inflation.
The University of Virginia (UVA) is the only public university not to announce a plan to reverse its tuition increase. NBC29 reports that UVA students will see a 4.7% tuition and fee increase, raising rates for first-year in-state students to $14,878 and $50,348 for out-of-state students.
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Next week will mark one and a half years since Joe Biden became president on Jan. 20, 2021. On July 20, every American should look within and ask: “Am I better off than I was 18 months ago?”
To Biden’s credit, the unemployment rate has fallen from 6.4% when he took office to 3.6% in June. Today’s figure is a notch higher than the 3.5% joblessness that Americans enjoyed in February 2020, thanks to President Donald Trump’s Republican tax cuts, deregulation, energy dominance, and other pro-growth initiatives.
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In response to this week’s news of the consumer price index rising to 9.1%, Republican U.S. Sen. Rob Portman of Ohio gave a blistering summation and offered direction to the Biden administration.
Portman said numbers provided for Ohio indicate residents are spending an additional $8,300 a year on energy needs, food and clothing. Jonathan Church at the Bureau of Labor Statistics, contacted by The Center Square, responded in an email for response to getting state-specific index numbers, “The CPI program does not produce state-level indexes.”
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Governor Brian Kemp holds a notable lead over Democrat Stacey Abrams, according to a new poll commissioned by the American Association of Retired Persons (AARP).
The survey, which spoke to 1,197 likely Georgia voters, gave Kemp a 7-point edge over the Democrat in their rematch of the 2018 gubernatorial race.
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The National Federation of Independent Business, which represents thousands of small businesses in Ohio, opted to endorse JD Vance in the race for U.S. Senate.
The group, known as the “voice of small business, backed the Republican over Democrat nominee Tim Ryan.
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Thursday morning on The Tennessee Star Report, host Leahy welcomed all-star panelist Clint Brewer in-studio to comment upon inflation in America and around the world.
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Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything.
The U.S. Bureau of Labor Statistics released its Producer Price Index data Thursday, which showed a 1.1% increase last month, contributing to a 11.3% increase in the past 12 months, “the largest increase since a record 11.6% jump in March 2022.”
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Tennessee Republican leaders took the Biden administration and Democrats to task on Wednesday over reports that the inflationary rate rose to 9.1%, the highest level since 1981.
According to the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June after rising one percent in May, reported on Wednesday, July 13.
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Thursday morning on The Tennessee Star Report, host Leahy welcomed Fox Business contributor and Wall Street expert Liz Peek on the newsmaker line to discuss the lies of President Biden, the lack of business skills in the White House, and the instability of Europe.
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Republican U.S. Senate candidate J.D. Vance knocked his liberal opponent Tim Ryan over the historic inflation that is ripping through the country.
Vance connected Ryan to the latest numbers that detailed prices have risen 9.1 percent compared to one year ago—the highest since the 1980s.
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“It’s time to retire Dick Blumenthal,” Leora Levy states on the home page of her campaign website, but the Republican U.S. Senate candidate from Connecticut says she is ready not only to take on the career Democrat politician, but also the “timid” members of her own party “who will abandon or betray us when it comes down to the important votes.”
“Drawing a strong contrast with Dick Blumenthal is the only way to win this Senate seat,” Levy says as she campaigns toward the Connecticut primary on August 9.
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The governor of Georgia Wednesday said he will continue battling to keep costs down for Georgians after the June Consumer Price Index report from the Bureau of Labor Statistics (BLS) was released.
That report showed 9.1 percent inflation, by far the highest one month increase in more than 40 years.
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Arizona Republican Gubernatorial Candidate Karrin Taylor Robson recently unveiled her economic relief plan, which she would enact if elected as Arizona’s next governor.
“As we’re seeing today, Joe Biden’s inflation is a disaster for Arizona families. I’ve put together an economic plan which focuses on working families – and how we can best set them up for success,” tweeted Robson.
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Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years.
The Bureau of Labor Statistics released the Consumer Price Index for All Urban Consumers (CPI-U) Wednesday, which showed June’s rise. In May, prices rose 1%.
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Arizona Representative David Schweikert (R-AZ-06) introduced an amendment Monday to the National Defense Authorization Act (NDAA) to remove $6 billion in additional inflation-adjustment spending.
“There is no question that reckless spending by Democrats and the Biden administration have contributed greatly to inflation that is burdening families in every corner of our country,” Schweikert said in a press release. “The last thing we should do is use taxpayer dollars to subsidize increased federal spending to cover rising inflation costs in our annual defense bill. I hope that Democrats accept my amendment and strike this wasteful and unnecessary spending.”
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Representative Tim Ryan (D-OH-13), who is now running for U.S. Senate, was met with opposition to his policies when hosting a round table for Ohio farmers.
According to a report from The Record-Courier, Ryan attempted to preach bipartisan solutions to issues facing residents of the state. The event was connected to his official duties as a Congressman, not his senate campaign.
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The America Rising PAC (ARPAC) recently spoke with the Arizona Sun Times via email, criticizing Arizona Sen. Mark Kelly (D-AZ) for supporting a federal gas holiday that would ultimately, the say, undermine infrastructure funding for Arizona.
“This is another example of why Mark Kelly shouldn’t be sent back to Washington. Not only does his ineffective gas tax suspension undermine the one legislative accomplishment he’s writing home about – Arizona wouldn’t even need a gas tax holiday if it wasn’t for the Democrats’ anti-American energy agenda that drove gas prices to record-breaking levels in the first place,” said ARPAC Press Secretary Whitney Robertson.
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For many readers, the above title will conjure up memories of the 2008 housing crash caused by the proliferation of subprime mortgages and the subsequent tsunami of defaults. But a better corollary for the coming Biden bust is the Carter crash that occurred three decades earlier. During the final two years of Carter’s term, sales of existing and new homes collapsed because the Fed was forced to raise interest rates sharply to get double-digit inflation under control. This, in turn, produced double-digit mortgage rates that priced millions of potential buyers out of the market.
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More than a third of small businesses can’t pay rent, newly released data shows.
The small business network Alignable released new survey results that found that 35% of U.S. small business owners “could not pay their rent in full or on time in June.”
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As July begins, Pennsylvania enters into Fiscal Year 2022-23 without an FY 22-23 budget.
Republicans who control the General Assembly and Democratic Gov. Tom Wolf have yet to agree on all facets of the spending plan. Altogether, the governor has proposed allotting $43.7 billion in taxpayer money in the next budget cycle, a figure that Republicans have said is too high.
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After this month’s historic special election win in South Texas, Republican strategists nationwide are asking themselves: how can we replicate now-Congresswoman Mayra Flores’s success in flipping an 84% Hispanic district to the GOP? Meantime, Democrats are burying their heads in the South Texas sand as Hispanic voters flee their party.
It’s not rocket science to appeal to Hispanic voters and persuade them to vote Republican. My firm’s work with the Hispanic Republican Coalition of Pennsylvania shows how to do it.
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The vast majority of Americans are cutting back on their spending because of rising inflation, according to new survey data.
Provident Bank based in New Jersey released the report, which found that roughly 83% of those surveyed have cut back on personal spending due to inflation, with about 23% saying they have made “drastic changes” to their spending.
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It’s been a hot start to Georgia’s summer and the Peach State’s gubernatorial race is a dead heat.
A new Quinnipiac University Poll found that 48% of voters support incumbent Republican Gov. Brian Kemp, while an equal number of voters support Democratic challenger Stacey Abrams.
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There’s a silver lining to some of the hardship Florida citrus producers have faced over the past several years. Their projected crop production is an estimated 2 million box increase from the previous month, the cost for consumers to purchase Florida orange juice is lower than other food despite inflation, and their congressional delegation is advancing a bill to reform FDA standards to help growers.
Florida’s orange production is expected to surpass more than 40 million boxes in the 2021-2022 season, according to a USDA May production forecast, an increase of 2 million boxes from its April forecast.
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U.S. Senate candidate Jim Lamon appeared Thursday with four of his fellow Republicans at a debate to address a broad range of issues important to Copper State Republicans. Hosted by FreedomWorks, the gathering marked the last opportunity for the candidates to confront one another on stage as they vy for the Republican nomination to go on to face Democratic incumbent, Senator Mark Kelly.
“Arizona holds the key to the United States of America in the Senate race. We must beat Mark Kelly in this race. You need to pick someone who’s a fighter. You hear a lot of talk up here tonight. You hear a lot of talk in the campaign. Pick someone who does things, who’s gotten stuff done in this country, who’s been a veteran, who’s built billion-dollar companies. Someone you can trust,” said Lamon in his opening statement.
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While President Joe Biden this week began urging Congress to suspend the national gas tax for three months and asking states to do the same with their gas levies, Ohio Gov. Mike DeWine (R) came out against the idea.
The federal government charges gasoline buyers $0.18 per gallon and diesel motorists $0.24 per gallon. The Buckeye State meanwhile imposes a $0.385-per-gallon tax on gasoline as well as a $0.47-per-gallon tax on diesel and other fuel types. Both levels of government use the revenues from these sources to fund transportation projects. Biden maintains that dollars flowing to the U.S. Treasury are sufficient to prevent compromising federal highway repairs in the event of a three-month tax holiday.
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FreedomWorks’ grassroots director Merissa Hamilton told The Arizona Sun Times the free-market-focused organization will launch a new program leading up to the general election that will “give the grassroots access to the tools that big organizations normally have and they would only get access to if they were a staff member of that big organization.”
“This is going to empower the grassroots in ways we’ve never had access to before, and anyone that wants to be able to be empowered within their local neighborhood, this is the time to join FreedomWorks and take action.”
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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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67 percent of Americans disapprove of President Joe Biden’s handling of the U.S. economy and 71 percent disapprove of his handling of inflation as gasoline prices continue hitting records at $5 a gallon, a recent Fox News poll taken mid-June found, even as Biden recently suggested a recession is not “inevitable”.
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Senator Mark Kelly (D-AZ) released a new ad that will air in Phoenix and Tucson, claiming to be “taking on his own party” to combat inflation.
Kelly, a self-proclaimed individual focused on “independent leadership,” acknowledged the spike in consumer prices under President Joe Biden.
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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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Inflation is taking a toll on startup businesses in Ohio, dropping the state’s new business filings by more than a quarter from a year ago, according to Secretary of State Frank LaRose.
LaRose pointed to two surveys from the National Federation of Independent Business that show inflation continues to be a significant factor for small business and small business optimism both nationwide and in Ohio.
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The latest inflation snapshot has the head of Wisconsin’s largest business group talking about energy policy.
Kurt Bauer, Wisconsin Manufacturers & Commerce president and CEO, on Wednesday said the latest numbers show the Producer Price Index is up almost 11% year-over-year. He said that’s not sustainable for manufacturers and producers in Wisconsin.
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As part of the state’s 2022-2023 budget, Tennesseans can expect that the state’s tax on food and “food related items” will not apply during the month of August.
“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,” said Gov. Bill Lee said upon signing the budget bill. “Our state has the ability to put dollars back in the pockets of hardworking Tennesseans, and I thank members of the General Assembly for their continued partnership in maintaining our fiscally conservative approach.”
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Republicans very recently used to dominate the locale composing much of Pennsylvania’s Fifth Congressional District. Geographically overlapping with much of the erstwhile Seventh District (nixed four years ago by the state Supreme Court), the Delaware-County-based territory had Republican Pat Meehan as its U.S. representative from 2011 to 2018. Before Meehan’s predecessor Joe Sestak (D) won the seat for two two-year terms, GOP Congressman Curt Weldon held it for two decades.
The district today is, well, different: Republicans’ old stronghold of Delaware County has flipped Democratic (though the GOP still fares well in some municipalities). And anyone waging a general-election campaign against Democratic Congresswoman Mary Gay Scanlon must also make inroads in south Philadelphia, Lower Merion, Upper Merion, Narberth, Bridgeport and Norristown — all places where “blue” voters have long outnumbered “red” ones.
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The U.S. Census Bureau Wednesday released advance estimates of U.S. retail sales which showed those sales fell 0.4% in May.
Motor vehicle and parts dealers took the biggest hit, with sales dropping 3.5%. Electronics and appliance stores sales decreased 1.3%. Furniture and home furniture stores, as well as health and personal care stores, also experienced a decrease in sales.
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The ongoing difficulty of finding workers in Wisconsin is just part of the problem for small businesses in the state.
A new report from Help Advisor said Wisconsin is ranked third in the nation when it comes to the trouble of finding workers. Only Missouri and Vermont are ranked worse.
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Diesel and regular gasoline prices hit a new all-time high Tuesday as they continue their rapid climb in recent weeks.
Diesel, up to $5.78 per gallon, has hit a new record almost every day this month.
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Memphis Democrat U.S. Representative Steve Cohen (D-TN-9) said that inflation was “not Joe Biden’s fault.”
“In Europe, gas prices have risen even higher than here and inflation is running at 8-10 percent. Inflation is a worldwide problem. It is not Joe Biden’s fault but we are doing what we can,” he said in a tweet.
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The spread between 10-year and 2-year treasuries, a reliable indicator of incoming recessions that has predicted almost every recession in modern economic history, inverted once again overnight Monday amid financial markets turmoil with interest rates rising rapidly, the dollar strengthening and equities markets crashing.
That is almost certainly terrible news for President Joe Biden and Congressional Democrats ahead of the 2022 Congressional midterms. The White House has attempted to highlight relatively low unemployment numbers as signs of a healthy economy, with President Biden on June 3 declaring the latest jobs numbers as “good news.”
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Tennessee Representative David Kustoff (R-TN-08) announced Saturday that he was selected to serve on the Ways and Means Committee.
“I am honored to be on this committee, & I look forward to advancing policies that will get our nation’s economy back on track,” Representative Kustoff wrote on Twitter.
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Republican Candidate for Lieutenant Governor, Burt Jones, took to Twitter on Friday to propose a possible solution to Bidenflation, which recently peaked at a record 8.6%.
“Inflation is out of control—and it’s making virtually everything more expensive for Georgia families. As Lieutenant Governor, I’ll be focused on continuing to cut taxes, lower costs, and put more money back into the pockets of hardworking Georgians,” the Trump-endorsed Jones said.
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CNBC editor Rick Santelli unloaded on the Biden administration on CNBC’s “Squawk Box” Friday morning, saying anti-fossil fuel policies helped to spur inflation.
“What was the forward guidance with this administration on energy?” Santelli asked. “We know the answer. Maybe they can’t get things to happen faster, but by giving positive forward guidance, by not closing pipelines, by not talking pre-election about how much they don’t like fossil fuel, maybe things would have turned out a bit different.”
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Republican politicians in Tennessee are blasting President Joe Biden and Democrats after inflation numbers from May showed prices rising 8.6 percent year over year, a 40-year high.
“I hope come November when folks head to the polls, they remember Democrats decided to put politics first instead of focusing on the real-life issues we all face today,” Rep. John Rose (R-TN-06) said Friday.
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GOP nominee in VA-08 Karina Lipsman wants to focus on public safety, the economy, education, and mental health. Lipsman is battling Representative Don Beyer (D-VA-08) in a deep-blue district, and was nominated at the end of May in a ranked-choice convention. “We live in Northern Virginia. We don’t live in, you know, Chicago or Baltimore. It’s unacceptable how crime is affecting our daily lives,” Lipsman told The Virginia Star. “The soft-on-crime policies need to end and we need to really start investing in our law enforcement and make sure that they have the resources they need in order to keep our communities safe,” she said. She said that fewer people want to work in law enforcement, and there’s a need to incentivize those that want to work in the field to stay. Lipsman highlighted high inflation, rising gas prices, and rising taxes. “Right now the government just continues to tax and tax and tax, without any real way of controlling our spending. We also need to have manufacturing here in the U.S.,” she said, calling for a “Made in America” agenda with incentives to keep jobs in the country. She called for energy independence with expedited drilling permits. Lipsman is…
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Ohio Republican Senate candidate J.D. Vance criticized the energy and fiscal policies of his Democratic opponent and of the White House on Wednesday, blaming them for the steep gasoline prices Buckeyes now endure.
The average price of a regular gallon of gas in Ohio exceeded $5.00 on Wednesday. That’s a 118.91-percent increase over the $2.32-per-gallon average cost state motorists faced when President Joe Biden took office. In Vance’s estimation, “no one else” bears responsibility for this other than Biden and his “extreme allies in Congress like Tim Ryan (D-13).”
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Wednesday morning on The Tennessee Star Report, guest host Gulbransen welcomed U.S. Senator Bill Hagerty (R-TN) to the newsmaker line to comment upon historic gas prices, inflation, and the true intentions of the Biden administration for America.
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A Chevron gas station in Los Angeles was spotted charging over $8.00/gal for gasoline on Tuesday, a stark reminder of just how much fuel prices have risen across the country. Customers were unsurprisingly frustrated by the price, but felt there was little they could do to avoid it.
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In what has become a seemingly every day occurrence, gas prices rose to a new record high Sunday as the national average approaches $5 a gallon.
Nine states already have surpassed the $5 threshold, and several others are just pennies away.
According to AAA, the average cost of a gallon of regular gasoline reached $4.85 Sunday, up an additional three cents from Saturday and 24 cents from last week.
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