The White House plan to cancel thousands of dollars in federal student loan debt has raised many questions, including political claims about whom the plan benefits most, how it may impact inflation and whether Biden has the authority to cancel student loan debt. Read more» 
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Phoenix saw the highest inflation in big American cities at 12.3% over the 12 months ending in June as U.S. inflation reached a 40-year high for June as prices for gas, food and rent increased - but 30-day gas prices have dropped about 40 cents a gallon. Read more»
Consumer prices rose by an average of 7% in U.S. cities last year, the steepest rise in decades, and they grew even faster in the Phoenix metro area, according to new data from the Bureau of Labor Statistics. Read more»
Despite recent comments to the contrary by President Joe Biden, while weekly paychecks have indeed gotten larger since Biden became president, they have not kept pace with the rapid rise in prices of consumer goods and services during that time. Read more»
In a prime-time town hall aired on CNN, President Joe Biden overstated some facts about the coronavirus vaccines, and misled on other jobs, car prices and government trust facts. Read more»
America is still gaining jobs under President Obama, but millions more live in poverty, typical household incomes have not kept pace with inflation, and the federal debt is up nearly 90 percent and on pace to double before he leaves office. Stockholders, meanwhile, are far wealthier than they were the day he was sworn in. Read more»
Chained CPI has been touted as a possible solution to the fiscal cliff impasse. What is it? Read more»
Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Read more»
The Industrial Commission of Arizona recently announced a 15-cent-per-hour increase in the state’s minimum wage, to $7.80. Minimum-wage workers in Arizona will get a modest raise Jan. 1, under a law voters approved in 2006. Read more» 1
