Kevin McCarthy Secures GOP Support For Speaker Of The House

November 17, 2022 Sadeeqah Abrahams 0

In a closed-door meeting Tuesday, House Republicans approved Kevin McCarthy for Speaker, demonstrating that there is still much work to do before the full chamber votes next year. Mr. McCarthy must win 218 votes in a roll-call vote among all legislators present in January, with the Republican majority projected to be the smallest in recent history. All Democrats are anticipated to vote against him.

How High will the Interest Rate Go?

November 14, 2022 admin 0

The October inflation data is anticipated to support a half-percentage-point increase in interest rates next month, slowing the rate of extraordinarily rapid rate hikes in recent months. Thursday, the Labor Department announced that consumer prices grew more slowly in October than in prior months.

The U.S. is Almost Out of Diesel

October 31, 2022 admin 0

As a result of news that diesel reserves have been depleted and, if not replenished, may run out within a month, sparking fears of shortages and price hikes, the Biden administration says it’s closely monitoring the diesel situation. Which means we should all be worried.

Republican Leaders Want To Rein In Biden’s Spending

October 26, 2022 admin 0

Top Republican legislators say they’ll use the federal debt ceiling to force President Biden to negotiate if they regain control of Congress, threatening to rekindle high-stakes brinkmanship that might drive the U.S. into default and create big new issues for the White House next year.

Biden’s New Oil Plan Has Some Very Big Flaws

October 24, 2022 admin 0

After releasing the largest amount of oil ever from the U.S. emergency petroleum reserve, the Biden administration has signaled that it will soon replenish the reserve, a multibillion-dollar endeavor that it thinks will stimulate the stagnant domestic drilling industry.