President Biden addressed the economy in his state of the Union Speech, but right now it seems there is no end in sight to inflation. From Fox Business. President Biden, in his first State of the Union, addressed the elephant in the room: fixing inflation via more government spending. “I have a better plan to fight … Continued
Inflation, job market issues, and now the fallout from the Russian war threaten our economy. That, on top of our soaring national debt, makes this a crucial issue for our nation’s intercessors to tackle. From Fox Business. Rising inflation is turning out to be more problematic for the U.S. economy and will likely dent growth this year and … Continued
The U.S. has seen its energy independence plummet under the Biden administration. At the same time, gas prices have soared. Now, we could be on the verge of an energy crisis. From Fox Business: The United States is on the verge of an energy crisis of its own making. The price of oil recently hit a … Continued
Inflation has pushed our country to the brink of financial disaster, and federal spending is mostly to blame. Inflation weakens the dollar, and if the dollar collapsed it would be catastrophic for the U.S. and the world economy. We need to pray for reformation and restraint for our government, in the Federal Reserve, in Congress, … Continued
From The Wall Street Journal: U.S. inflation accelerated to a 7.5% annual rate in January, reaching a new four-decade high as strong consumer demand and pandemic-related supply constraints kept pushing up prices. The Labor Department on Thursday said the consumer-price index—which measures what consumers pay for goods and services—was last month at its highest level since … Continued
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