Economy

The Consumer Price Index rose 5.4% in July, matching the prior month's gain as the fastest since August 2008, while prices at the producer level jumped 7.8%, the most on record, according to the U.S. Bureau of Labor Statistics.

Larry Kudlow honored President Ronald Reagan during Thursday's monologue by discussing Reagan's "revolutionary" tax cuts.

Economists celebrated former President Ronald Reagan's tax cuts on the fortieth anniversary of the law, warning that President Joe Biden's current policies bring back Jimmy Carter's malaise.

The 10 fastest-growing cities in the United States include several located in Arizona or Texas, according to newly released data from the 2020 Census.

House Speaker Nancy Pelosi on Thursday announced a major pay boost for top House staff members that will allow them to make more money than elected members of Congress.

Former Heinz CEO Bill Johnson said that he is “very” worried about inflation, pointing out that “we're seeing pressures that we've never seen before even across the entire food chain.”

Producer prices accelerated at the fastest annual pace on record in July as supply chain disruptions and materials shortages continued to put upward pressure on costs.

The National Retail Federation (NRF), the nation’s largest retail trade group, estimated in July that back-to-school and back-to-college spending will reach a record-breaking $108 billion as an increasing number of students and families prepare for in-person instruction this fall.

Kudlow discusses democrats pushing forward the infrastructure bill during his Wednesday monologue.

The U.S. budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to support the country after the pandemic-induced recession.

President Biden indicated Wednesday that he believed Congress would eventually vote to raise the federal debt ceiling amid an ongoing clash between his administration and Republican lawmakers over an expansive Democrat-backed $3.5 trillion budget proposal.

Senate Majority Leader Chuck Schumer on Wednesday pushed back on Republicans refusing to raise the debt ceiling and insisted that paying the country's bills is a bipartisan obligation.

Consumers are facing higher prices for home appliance as input costs soar and data released by the Labor Department on Wednesday revealed prices rose in July compared to the year before.

Former Council of Economic Advisers acting chairman Tyler Goodspeed discusses inflation and the U.S. economy under President Biden.

U.S. consumer price gains remained hot as the economic recovery continued to take hold.