inflation

WASHINGTON, DC - JANUARY 27: Senator Mike Rounds, a Republican from South Dakota, speaks during a Senate Veterans' Affairs Committee confirmation hearing for Denis McDonough, U.S. secretary of Veterans Affairs (VA) nominee for U.S. President Joe Biden, on January 27, 2021 in Washington, D.C. (Photo Sarah Silbiger-Pool/Getty Images)

Sen. Rounds slams Dem inflation bill

Sen. Mike Rounds (R-S.D.) asserted that the so-called Inflation Reduction Act would only make the current economic situation worse.

FILE - This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading coronavirus.(AP Photo/Mark Lennihan, File)

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Poll: 56% of Americans say personal finances worse under Biden

A rising number of Americans are saying their personal finances are getting worse under the current administration. A new Harvard-Harris poll found a majority of 56 percent of Americans said their financial situation has worsened amid President Joe Biden’s policies.

FILE - President Joe Biden walks to board Marine One on the South Lawn of the White House in Washington on his way to his Rehoboth Beach, Del., home, Sunday, Aug. 7, 2022. Democrats pushed their election-year economic package to Senate passage Sunday, a compromise less ambitious than Biden’s original domestic vision but one that still meets party goals of slowing global warming, moderating pharmaceutical costs and taxing immense corporations. (AP Photo/Manuel Balce Ceneta, File)

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Biden praises passing of Dem inflation bill

Joe Biden praised the passing of the Inflation Reduction Act in the Senate. Following its passage on Sunday, the President released a statement on the legislation.

NEW YORK, NY - SEPTEMBER 20: Bill Gates spoke at Goalkeepers 2017, at Jazz at Lincoln Center on September 20, 2017 in New York City. (Photo by Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation)

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Bill Gates endorses Democrats’ Inflation Reduction Act

Billionaire Bill Gates is actively promoting the new Democrat-proposed spending bill due to its “climate change” provisions. In an op-ed for the New York Times, Gates claimed the so-called Inflation Reduction Act could be the most important piece of “climate legislation” in American history.

FILE - President Joe Biden speaks about the economy during a meeting with CEOs in the South Court Auditorium on the White House complex in Washington, Thursday, July 28, 2022. Biden tested positive for COVID-19 again Saturday, July 30, slightly more than three days after he was cleared to exit coronavirus isolation, the White House said, in a rare case of “rebound” following treatment with an anti-viral drug. (AP Photo/Susan Walsh)

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Biden says Americans need Inflation Reduction Act, economists disagree

The Biden administration has paired up with Big Business to promote its latest social spending bill. The President said a Democrat-backed spending binge will combat inflation, but hundreds of economists disagree.

Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Tuesday, July 19, 2022. (AP Photo/J. Scott Applewhite)

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GOP senators warn Schumer-Manchin spending bill with spur inflation

Republican senators are speaking out against the Schumer-Manchin reconciliation bill, while asserting that it’s an “inflation machine” that will only hurt the economy further. One America’s John Hines caught up with several lawmakers and has more from Capitol Hill.

OAN Special Reports, Pearson Sharp Reports

Democrats using January 6 hearing as political theater to distract from Biden’s massive policy failures

Democrats are, once again, engaging in political theater over the January 6 hearings in hopes of distracting Americans from Joe Biden’s massive policy failures across the country. One America’s Pearson Sharp has more.

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Heritage expert says inflation likely to hit double digits this fall

Heritage Foundation Senior Research Fellow, Rachel Greszler told One America News that actual unemployment rate is higher than what the Biden administration claims. She added, inflation is likely to hit double digits this fall due to Biden’s policies. One America’s John Hines has more from Washington.

FILE - High gas prices are shown as a pedestrian waits to cross the street in Los Angeles, June 16, 2022. President Joe Biden on June 22 will call on Congress to suspend the federal gasoline and diesel taxes for three months. It's a move meant to ease financial pressures at the pump that also reveals the political toxicity of high gas prices in an election year.(AP Photo/Jae C. Hong, File)

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One-on-One with CEO and founder of Sound Income Strategies, David Scranton

The latest consumer price index shows inflation increased 8.3% from last year. That’s slightly down from March when inflation hit 8.5%, but still at a 40-year record high. Also, gas prices hit another all-time high today. CEO and founder of Sound Income Strategies, David Scranton joins OAN’s Alicia Summers to discuss.

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