U.S. Senator John Barrasso (R-Wyo.) spoke on the Senate floor about how President Biden’s disastrous economic policies have driven inflation to a 40-year high of 7.5 percent. As a result, Americans are hurting as they face sky-high prices for gas, groceries, and energy. Click here to watch Sen. Barrasso's remarks. Excerpts from Senator Barrasso’s remarks: “I come … Continue reading As Inflation Hits Record Highs, Biden’s Approval Rating Hits Record Lows
Category: Economy
For years, critics of food trucks have argued they hurt already established restaurants within communities. But a new report released today by the Institute for Justice (IJ), “Food Truck Truth: Why Restaurants—and Cities—Have Nothing to Fear from Mobile Food Businesses,” shows more food trucks do not result in fewer restaurants. The report suggests food trucks actually complement … Continue reading New Report: Food Trucks Not a Threat to Restaurant Industry
Inflation is on the rise again, hitting the highest mark in 40 years, according to government figures. CEI Senior Fellow Ryan Young says the Fed, Congress, and President Biden have specific action items that would help get inflation in check: “Inflation is up yet again, now to a 7.5 percent annual pace. That means the money supply … Continue reading Inflation Rise Should Trigger Response by Fed, Congress, President
On the heels of new inflation numbers released today showing a 7.5% spike in inflation over the past year under the Biden and Democratic agenda—the largest increase since 1982—U.S. Senator Joni Ernst (R-Iowa) is putting forward a new measure requiring any bill from Congress to include a report on how it will impact inflation for … Continue reading PRICE Act requires all proposed legislation to disclose its effect on inflation
TUSC and Gun Owners of America (GOA) announced a new partnership following the presentation of a donation of $20,000 worth of TUSC coins to GOA. The donation will launch a cryptocurrency-based endowment as GOA begins to accept TUSC coins for donations. “GOA is thrilled to be expanding our fundraising and development with cryptocurrency through TUSC … Continue reading Gun Owners of America Receives $20,000 Donation from TUSC Crypto, Launches TUSC Donation Initiative
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks this week on the Senate floor regarding inflation: “The Biden Administration spent the end of last week boasting that our economy added back more jobs in January than some economists had predicted. “But American families aren’t buying their spin. The working men and women … Continue reading McConnell: Inflation Is Turning Americans’ Pay Raises Into Big Pay Cuts
U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) is asking Sarah Bloom Raskin, President Biden’s nominee for Vice Chair for Supervision of the Board of Governors of the Federal Reserve System (the Fed), for more details on how she helped a small financial technology (fintech) company obtain unusual access to the Fed’s payment system. For seven years, Ms. … Continue reading Biden nominee gave obscure company unprecedented access to Federal Reserve payment system
The good news jobs gain in January gives President Biden and Congress ample reason to step back and let businesses and workers chart a path to recovery, say CEI experts. Statement by Ryan Young, CEI Senior Fellow: “The latest job numbers give another reason why the America COMPETES Act is unnecessary. Even without the massive corporate subsidies … Continue reading US Economy Added 467,000 Jobs in January 2022, Signaling No Need for Govt Meddling
Senate Republicans, led by Ranking Member Mike Crapo (R-Idaho), are raising serious questions and concerns with the Internal Revenue Service’s (IRS) announcement of a major expansion of its collaboration with ID.me that will require taxpayers to have an ID.me account to access key IRS online resources. In order to register with ID.me, taxpayers will need … Continue reading Republicans Raise Serious Concerns with Intrusive IRS Identity Verification Measures
In his opening statement at this week's U.S. Senate Banking Committee hearing, Ranking Member Pat Toomey (R-Pa.) said President Biden’s Federal Reserve (Fed) nominees Sarah Bloom Raskin and Lisa Cook would threaten the independence of the Fed. Senator Toomey said that while global warming, social justice, and education policy are important issues, they are wholly … Continue reading Toomey: Fed Nominees are a Referendum on the Fed’s Independence
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