EconomyNews
NPR Lays Off 100 Employees, Cancels Shows as Advertiser Revenue Declines
In a move to preserve its very existence, National Public Radio cut four of its major podcasts and 10% of its workforce on Thursday, a… Read More
EconomyCommentary
Chaotic Consequences of Redefining Rules
Referees aren’t supposed to change the rules in the middle of the game, but that’s exactly what federal government officials like Treasury Secretary Janet Yellen… Read More
EconomyNews
Janet Yellen Says More Bank Bailouts Could Be on the Horizon
Treasury Secretary Janet Yellen said in remarks Tuesday that regulators may ensure all deposits at more banks following the Silicon Valley Bank and Signature Bank… Read More
EconomyNews
McCarthy Torches Biden’s Veto of Bipartisan Bill Opposing ‘ESG’ Investments
House Speaker Kevin McCarthy on Monday criticized President Joe Biden’s decision to veto a bipartisan bill that would block a Labor Department rule promoting climate… Read More
EconomyCommentary
Democrats Deserve Plenty of Blame for Bank Crisis
The United States recently suffered the second-largest bank failure in the country’s history. The consensus view is that Silicon Valley Bank made a huge mistake… Read More
EconomyCommentary
Congress Killed Silicon Valley Bank
The collapse of Silicon Valley Bank has unified Americans with a shared anger. Everyone—left, right, and center—knows that something is wrong. Executives sold off millions… Read More
EconomyNews
Biden Tries to Boost Pay for Federal Bureaucrats by Highest Rate Since Carter
President Joe Biden’s $7 trillion tax-and-spending plan would boost pay for federal bureaucrats by 5.2%, their highest raise in decades and more than private sector… Read More
EconomyCommentary
If You’re Woke and Go Broke, Should Taxpayers Pay Your Bills?
It’s feeling like 2007 all over again as Silicon Valley Bank and other financial institutions are going belly up and asking for bailouts from the… Read More
EconomyNews
Treasury Secretary: US ‘Banking System Is Sound’
Treasury Secretary Janet Yellen said the U.S. “banking system is sound” just days after the collapse of Silicon Valley Bank and Signature Bank. “This week… Read More
EconomyCommentary
From Liquidity to Insolvency, Big Government Shows How to Crash Economy
We are in a looming financial crisis, even if we don’t want to see it. Silicon Valley Bank was, according to Moody’s, worthy of an… Read More
EconomyCommentary
Silicon Valley Bank—More Government, Less Reality
President Ronald Reagan once said, “The nine most terrifying words in the English language are ‘I’m from the government, and I’m here to help.’” Shock… Read More
EconomyCommentary
Biden’s $7 Trillion Budget Shell Game Takes More of Everyone’s Money, Despite His Promises
The president’s budget for fiscal year 2024 is less a display of prudent finance as it is reminiscent of a carnival shell game. If you… Read More
EconomyCommentary
8 Things to Know About Biden’s Fiscal 2024 Budget, From Bad to Worse
When discussing budgets, President Joe Biden often uses a quote that he attributes to his father: “Don’t tell me what you value. Show me your… Read More
EconomyNews
Biden’s Policies Responsible for Persistent Inflation, ‘Potential Banking Crisis,’ Economist Says
The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported… Read More
Economy Analysis
‘Bail Out Rich People’: What You Need to Know About Biden Administration’s Silicon Valley Bank Action
The “rich people” with money in Silicon Valley Bank are the real winners in President Joe Biden’s handling of the California-based bank’s collapse, economist Peter… Read More
EconomyCommentary
Did Silicon Valley Bank Prioritize Social Justice Over Risk Management?
After one of the biggest banks in the technology startup lending space collapsed last week, President Joe Biden tried to reassure Americans that their banking… Read More
EconomyNews
Republicans Plan to Combat ‘Drunk Government Binge Spending.’ Here’s How
WASHINGTON, D.C.—The House’s most conservative caucus announced its “Shrink Washington, Grow America” plan on Friday as the debt ceiling debate continues in Washington. Rep. Scott… Read More
EconomyCommentary
Amid Big Tech Layoffs, Demand Still High for Foreign Workers With H-1B Visas. Something Doesn’t Add Up.
Economist Milton Friedman’s maxim that “nothing is so permanent as a temporary government program” applies to work visas that are supposed to be temporary. Every… Read More
Economy Analysis
‘We’re Going to Tackle It Head-On,’ GOP Lawmaker Says of America’s Spiraling National Debt, Spending
OXON HILL, Md.—The clock is ticking on America’s debt. “You cannot spend yourself into oblivion like this country’s been doing,” Rep. Ralph Norman, R-S.C., says,… Read More
EconomyCommentary
From Concerning to Terrifying: 7 Horrible Milestones on Horizon for Bloated Federal Budget
A character in Ernest Hemingway’s first novel, “The Sun Also Rises,” explains how he went bankrupt: “Gradually and then suddenly.” Americans who have fallen deep… Read More
EconomyCommentary
US Slips to Worst-Ever Score in 2023 Index of Economic Freedom
The Heritage Foundation’s 2023 Index of Economic Freedom, released Monday, offers sobering insights into setbacks to economic freedom across the globe, including, regrettably, here at… Read More
EconomyNews
Biden Labor Rule ‘Plays Politics With Americans’ Retirement Savings,’ GOP Senator Says
A Republican senator says a Biden administration rule “plays politics with Americans’ retirement savings,” even as some Democrats push legislation seeking to codify that same… Read More
EconomyCommentary
Debunking Biden’s Malarkey: 7 Ways He Added $6 Trillion to Deficits
President Joe Biden has a long, well-documented history of telling tall tales. Accordingly, it was not a surprise that his State of the Union address… Read More
EconomyNews
Derailment Disaster Highlights Buttigieg’s Incompetence
Sooty plumes of toxic smoke towered stories above the quiet, evacuated village of East Palestine, Ohio, last week as officials tried to contain what might be the… Read More
EconomyNews
‘Hotter Than Expected’ Inflation Report Due to Opening ‘Pandora’s Box,’ Economist Says
An economist is blaming both Republicans and Democrats for their “overspending” after the federal government revised inflation numbers upward for the January 2023 report on… Read More
EconomyCommentary
Woke Finance Is Hurting Americans. Here’s How the Hoosier State Is Trying to Stop It There.
The Indiana General Assembly will continue consideration this week of a commonsense bill that would help protect Indiana’s economy and retirees from the threat of… Read More
EconomyAnalysis
FACT CHECK: Biden Calls Inflation ‘Global Problem’ Caused by ‘Putin’s War’
In his second State of the Union address, President Joe Biden spoke Tuesday night about inflation, which has risen steeply during his presidency. “Inflation has… Read More
EconomyCommentary
Biden Keeps Making Claims About Economy That Just Aren’t True
President Joe Biden has gotten into a revisionist history habit. He has repeatedly claimed that he inherited an economic disaster. It was his policies, he… Read More
EconomyNews
‘Greatest Threat to Our Future Is Our National Debt,’ McCarthy Warns Before State of the Union
One day before President Joe Biden is set to address the nation during his State of the Union speech, House Speaker Kevin McCarthy warned that… Read More
Economy Analysis
Why Your Tax Refund Could Be Smaller This Year
It’s that time of the year once again: tax season. Although the process of filing an income tax return is often arduous, the hope of… Read More
