By: Brian P. Brooks & Charles W. Calomiris – wsj.com – August 23, 2022 America’s $15 trillion national banking system is supervised by more than 2,000 examiners. Many work full-time on bank premises to ensure that risks to the financial system are caught early. The system isn’t perfect. It failed to prevent the 2008 financial crisis and other major problems over...

If Biden goes through with it, the backlash will be intense, widespread, and as deserved as any in recent memory.

Households in lower-income countries typically spend a higher percentage of their income on food, making the pain of food inflation more extreme.

Democratic U.S. Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill.

Nearly two dozen Republican governors slammed a massive spending bill that Democrats are trying to ram through the U.S. Senate in a statement Thursday, saying that the bill will worsen inflation.

By: Phillip W. Magness – wsj.com – July 27, 2022 The Biden administration appears to be preparing for a recession—or rather, for news of one. Rather than tackling the underlying economic problems, the White House is playing word games. Economists have long defined a recession as “a period in which real GDP declines for at least two consecutive quarters,” to quote...

A big attaboy to Senator Tom Cotton. He is among the first in Washington to begin sounding the alarms about something most Americans have never heard of. It’s the Environmental, Social, and Governance system, or ESG for short.

One economist instantly took the air out of the administration’s argument about what constitutes a recession.

The share of Americans who report having difficulties paying their bills has surpassed its 2020 pandemic peak in a US Census Bureau survey, underscoring the toll of soaring prices on budgets.

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