U.S. Economy

Labor Secretary Marty Walsh explained the moves the Biden administration has taken to try and lower costs for Americans as inflation sits at a four-decade high.

Gas prices fell last week as consumer demand dropped from last year, and this downward trend could continue in the coming weeks, according to AAA.

Republican states are preparing policies seeking to hit back at banks and financial institutions that have pledged to boycott fossil fuel investments as part of their green agenda.

The Port of Los Angeles said Tuesday that operations are much better right now than earlier this year. The U.S was hit by supply chain disruptions in November.

Uber's CEO, Dara Khosrowshahi, announced a new feature that allows drivers to see how much they can make from a trip before accepting it.

Former CEO of Cumberland Farms Gulf Oil Group Joe Petrowski forecasted on Monday that "retail gasoline prices will exceed $5" by the end of the summer.

Billionaire investor Ray Dalio analyzes the U.S. economy and the Federal Reserve's role as the Biden admin. tries to alleviate soaring inflation rates.

GasBuddy head of petroleum analysis Patrick De Haan noted that there is a downtrend in gas prices and explained what could cause them to come back up.

Federal Reserve Chairman Jerome Powell said Wednesday that the strong labor market likely means the U.S. economy is not in a recession, despite growing fears.

For nearly a decade, China has been targeting Federal Reserve employees in an attempt to undermine American monetary policy, according to a Senate report.

Experts slammed President Biden after he touted a modest decrease in gas prices, a change of tune from when the president said there was little he could do about surging costs.

The Department of Energy is issuing a notice to sell 20 million additional barrels of oil from the Strategic Petroleum Reserve, as part of an effort to lower gas prices.

The Federal Reserve is expected to raise interest rate this week by an estimated three-quarters percentage point which puts the target range between 2.25% to 2.5%.

Power The Future, a group that advocates for cheap energy, announced a six-figure ad buy Monday targeting President Biden over his similarities to former President Jimmy Carter.

Former White House Chief of Staff Mick Mulvaney calls out the Biden admin.'s video on gas prices and argues the drop in cost is due to Americans getting poorer.

Department of Transportation Secretary Pete Buttigieg touted declining gas prices after suggesting that pain at the pump was good for transitioning to electric vehicles.

Biden administration officials have said a return to the Iran nuclear deal could help drive down gas prices as frustration at the pump continues.

Senate Candidate Adam Laxalt, R-Nev., slams the Biden administration's inconsistent narrative on gas prices and inflation and argues Americans are still 'struggling.'

Summer food trucks are heading into their busy season, and owners are feeling the pinch of rising costs of supplies and ingredients while also grappling over fuel to keep the fryers going.

Patrick De Haan, GasBuddy's head of petroleum analysis, explained what factors could prevent the price of gas from continuing to fall, warning that markets "are extremely tight.”