In September, the annual inflation rate in the U.S. remained near a 40-year high at 8.2%. But that’s nowhere near the highest in the...
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such...
A new poll shows more Americans support labor unions than have in decades. But data also shows union membership remains at historic lows.
Some people on social media have claimed that an executive order signed in March 2022 would make paper money “worthless.” That’s false.
Posts online claimed the average forgiven PPP loan is much higher than $20K available in student loan forgiveness. That’s true – the difference is...
Social Security recipients could see an 8 to 10% increase in their monthly payments next year due to a cost-of-living adjustment, experts say.
The legislation imposes a 15% minimum tax on large corporations, but there are no individual income tax hikes included in the Inflation Reduction Act.
The Consumer Price Index, the most widely used measure of inflation, was unchanged in July, as President Biden claimed. But annual inflation remains high.
The Inflation Reduction Act includes about $80 billion in funding for the IRS. The agency isn’t using that money to hire 87,000 new auditors.
The Inflation Reduction Act, proposed by Senate Democrats, is expected to save Medicare nearly $300 billion on drug prices without cutting benefits.