Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
Amanda DeSimone-Shabrack relies on a home healthcare aide to help her high-needs autistic 12-year-old son. Virginia’s Medicaid program covers the assistance, enabling her to work as both an education technology specialist and a professor, run errands, and keep Mason in the home. That could change. In June, the Department of Justice issued a legal opinion…
Ukrainian Ambassador Olga Stefanishyna took note of what she said was an improved relationship between Ukraine and the U.S., telling reporters Thursday that the “overall dynamics” have shifted. In just the past six weeks, Ukrainian President Volodymyr Zelenskyy has had two phone calls and three meetings with President Trump, including one earlier this week. Stefanishyna,…
The nation’s gross domestic product grew at an annual rate of 1.5% in the second quarter, the Commerce Department said Thursday, weaker than economists expected and a sign the Iran war is hurting growth. Economists polled by Reuters predicted GDP would rise at an annualized rate of 2.1% for April to June. GDP measures the…
The Justice Department is proposing a new rule to empower federal immigration judges to hold attorneys, their clients and witnesses in contempt if they violate court orders, in a move that departs from historical practice and which legal experts warn could be unconstitutional. The regulatory proposal by the Executive Office for Immigration Review, an office of…
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents…
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in…
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. By the numbers Economists polled by financial…
Inside the U.S. Capitol, statues memorialize distinguished Americans, including famed social commentator and actor Will Rogers, who once quipped about Congress, “Every time they make a joke, it’s a law, and every time they make a law, it’s a joke.” Humor like that still rings true to the nearly 9 in 10 Americans who say…
Congress was granted many powers under Article I of the Constitution. Nonetheless, in recent decades, lawmakers – including under current GOP majorities – have ceded much of their authority to the president, while Washington has been plagued by gridlock, and a sense that Congress has been marginalized. As both parties point fingers, “Sunday Morning” national…
