News Release
GDP Woes Worsened by Lawmakers’ ‘Ready, Fire!, Aim” Spending Spree
Gross domestic product fell by 0.2 percent in the second quarter, according to the U.S. Commerce Department. Already there was a 0.4 percent decline in…
News Release
Manchin/Schumer Deal on Health Care, Energy Spending is Bad News for Inflation, Taxpayers
Senate Majority Leader Chuck Schumer and Senator Joe Manchin reportedly announced a surprise deal on July 27 that resuscitates Democrats’ big government spending ambitions on…
News Release
Statement by CEI Senior Fellow Ryan Young on the Fed’s Interest Rate Hike
The Federal Reserve today announced a 0.75 percentage point increase in the federal funds rate. It is the fourth such increase this year, and part…
News Release
Senate-Passed Corporate Welfare “CHIPS” Bill Won’t Help U.S. Companies Out-Compete China
The Senate today passed the CHIPS+ Act, a bill that would hand over tens of billions of tax dollars to domestic production of semiconductors. CEI…
News Release
U.S. Economy Adds 372,000 Jobs in June – Good News for Recession Worries
The U.S. economy added 372,000 jobs in June 2022, according to a new tally released today by the government. Meanwhile, the unemployment rate held steady…
News Release
Latest Employment Report Shows COVID Effects Lingering, Inflation Taking Toll
WASHINGTON—The Department of Labor reported today a gain of 390,000 jobs last month and that the unemployment rate remained at 3.6 percent, as did…