We’ve all heard it: “You can’t make somethin’ out of nothin’.” Or so it would seem, though president elect Donald J. Trump appears destined to try if his plan to create new American cities out of currently mostly barren federal lands ever comes to fruition.
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The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study.
The personal-finance website WalletHub on Friday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during the third quarter of 2024.
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Federal pricing data released this week for consumer and producer prices shows that inflation rose last month.
Harvard professor and former economic advisor to President Barack Obama Jason Furman said the consumer data could show a “resurgence of inflation” not to the ultra high levels in recent years but to more recent elevated data.
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Inflation rose slightly in October despite a massive slowdown in job growth in the same month, according to a Bureau of Labor Statistics (BLS) report released Wednesday.
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Gaining momentum two weeks from Election Day, Donald Trump is laser focused on voters’ top priority of making America safe and affordable again. But after spending hours comforting families victimized by murder, rape and other border crimes, the former president told Just the News he also is open to creating a federal compensation fund for Americans harmed by illegal immigrants let into the country under President Joe Biden and Vice President Kamala Harris.
The idea of a border crimes reparations fund like the one created for the victims of the Sept. 11, 2001 terror attacks has been floating around conservative circles for months, including in Congress where Rep. Virginia Foxx, R-N.C., even introduced the concept before it stalled.
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Democrats’ display their elitism by using macroeconomic numbers to ignore America’s microeconomic concerns. By promoting the macro-economy, Democrats produced the numbers they now campaign on. However, their macro numbers have come with high inflation that has wreaked havoc on the micro-economies in which most Americans live.
Democrats’ embrace of the macro economy is unmistakable. Paul Krugman’s recent column (10/8) trumpeted that the “macro” numbers “vindicate Bidenomics.” During CBS’s Sunday (10/6) 60 Minutes interview, Kamala Harris immediately ducked into the macro economy when asked about inflation’s impact on Americans.
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American small business uncertainty hit an all-time high and optimism remains low just weeks before Election Day, according to the latest survey.
The National Federation of Independent Businesses on Monday released the survey, which showed small business uncertainty rose last month to the highest level ever recorded by NFIB.
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Inflation fell slightly in September amid fears of a hotter-than-expected economy following strong job gains in the month prior, according to the latest Bureau of Labor Statistics (BLS) release Thursday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.4% on an annual basis in September and rose 0.2% month-over-month, compared to 2.5% in August, less than the 2.3% rate that was expected, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.3% year-over-year in September, compared to 3.2% in August.
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Former political director of the National Republican Convention Gentry Collins discussed the creation of a new tool for undecided voters to use when determining who to vote for in the upcoming 2024 election.
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Gross domestic product rose at an annual rate of 3% in the second quarter of 2024, showing economic growth and increased consumer spending, according to a report.
The report, released by the U.S. Bureau of Economic Analysis, shows gross domestic product over the last five years.
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