'...The administration is also sending emails signed by President Joe Biden to an additional 380,000 borrowers in the public sector, letting them know they are one to two years away from getting the same debt cancellation. The latest student loan relief comes amid the president's bid for reelection...'
'Tuesday’s report from the Labor Department said the consumer price index rose just 0.1% from October to November. ...core prices, which exclude volatile food and energy costs, rose 0.3% from October to November, slightly faster than the 0.2% increase the previous month. Measured from a year ago, core prices rose 4%, the same as in October. The Federal Reserve considers core prices to be a better guide to the future path of inflation. ...'
'...virtually every aspect of the U.S. economy has been impacted by the inflation. The price of milk has increased 17 percent. Egg prices have risen 42 percent. Energy service prices have increased more than 11 percent. ...Kelley Blue Book reported in October that the average price of a new car has increased by $5,000 since the end of 2020. ...worst of all is the increase in the cost of new homes. nearly $70,000 more. ...The Biden administration and Democrat-controlled Congress are causing America to slowly but certainly commit economic suicide. '
'...The only fund in the federal government’s 401(k)-style retirement savings program that finished last month in the black was the G Fund, which increases at a statutorily mandated rate each month. ...The Thrift Savings Plan’s G Fund, which is made up of government securities and grows at a statutorily mandated rate each month, gained 0.35% in August, bringing its gains since January to 2.62%. But every other fund in the program fared worse. The small- and mid-size businesses of the S Fund saw the worst declines...'
'1 to 6.7% currently. In a grim indicator ...The average long-term U.S. mortgage rate edged up this week, pushing higher the borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices. The average rate on the benchmark 30-year home loan rose to 7.18%...'
'Huntsville, a city with a proud history of aerospace innovation, was set to welcome Space Command, until a distant force beyond its control intervened: politics. ...while the city worked to be even more central to the aerospace and military industry. It attracted legions of scientists, defense contractors and federal investment. And in the final days of the Trump administration, Huntsville was selected as the permanent home of the United States Space Command. But this week the Pentagon announced it had reversed that call...The Biden administration’s decision, said Representative Terri Sewell, the lone Democrat representing Alabama in Washington, “bows to the whims of politics over merit.”'
'As we look towards the fall, and with the end of the COVID-19 public health emergency, your agencies will be implementing increases in the amount of in-person work for your team. This is a priority of the President — and I am looking to each of you to aggressively execute this shift in September and October."'
'...When the Fitch Ratings agency announced this week that it was downgrading its long-term credit rating of the United States from AAA to AA+, Biden administration officials were ready — and angry. Administration officials had been lobbying Fitch against the downgrade...The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” they wrote.
