Federal Government

Commentary

The Ginn Economic Brief: U.S. Economic Situation—February 2024

Highlights Figure 1: Real Average Weekly Earnings Remain Down 4.4% Since January 2021 Source: Fed FRED Labor Market The Bureau of Labor Statistics recently released its U.S. jobs report for January 2024, which was another mixed report with some strengths…

News

Inflation Surges, Clouding Economic Outlook 

Inflation shot higher than expected in January. The latest Consumer Price Index (CPI) report has thrown a wrench into the expected timeline for Federal Reserve rate cuts, as inflation figures for January came in higher than anticipated.  The report revealed…

NewsFederal

Federal Budget Deficit Has Nearly Doubled Under President Biden

The federal budget deficit has doubled from one year to the next a few times before. Usually, those occurrences happen in conjunction with economic bad news, something the current administration consistently says does not exist. The Numbers Game First off,…

NewsFederal

Stopgap Passage Results In Vacating McCarthy’s Speakership

In recent developments, the budgetary decisions and the political maneuvering in the U.S. Congress have taken an unforeseen turn, spotlighting the fiscal discourse that underpins our nation’s governance. The passage of the stopgap resolution, a temporary measure to prevent a…

NewsFederal

Federal Reserve’s Upcoming September Meeting

Rate Hike Speculation and Recession Concerns for 2024 On Tuesday and Wednesday of this week, the Federal Reserve’s Federal Open Market Committee (FOMC) will meet to discuss the state of the US economy, the ongoing threat of inflation, and possible interest…

NewsFederal

Stop the Spending Spree: US Freedom Caucus Opposes Status Quo as Possible Shutdown Looms

With the Federal Government’s fiscal year rapidly coming to an end on September 30th, Congress must pass a “continuing resolution,” on spending, or once again face a partial government shutdown. This continuing resolution is essentially a temporary spending bill, using…

NewsFederal

August Jobs Report: Rising Unemployment and Dissatisfaction

The US economy under President Biden continued its mellow pace in August, as Americans continued to strain under the burdens of record inflation, rising interest rates, and economic uncertainty.  The U.S. Bureau of Labor Statistics released its raw jobs report…

NewsFederal

Continued Uncertainty on the Economic Horizon

It has now been more than three years since governments across the country forced us into an artificial recession in response to COVID-19, interrupting some of the greatest economic growth and prosperity under President Trump that America had seen in…

NewsFederal

Systemic Struggles: Recent Bank Failures and Their Implications

With all the recent talk of extraterrestrial aliens and Ukraine, you might have missed the recent news story of yet another bank failure in the United States this year.  July saw another bank failure in the United States, the Heartland…

Explainers

EXPLAINER: Federal Interest Rates

What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of…

NewsFederal

Bidenomics: Exposing the Marxist Road to American Communism

The year is 2035. Kamala Harris is in her second term as president of the United States, after serving as vice president under Joe Biden for eight years. The “Inflation Reduction Act 5.0″ and the third iteration of the Green…