The new law prohibiting shipments from China’s Xinjiang region over slavery concerns has resulted in more than 1000 shipments worth hundreds of millions of dollars accumulating at U.S. ports since June, government officials said.
Several seizures, which had not been previously published, demonstrate how a policy designed to increase pressure on Beijing over its Uyghur incarceration camps in Xinjiang may impede the Biden administration’s efforts to decarbonize the U.S. electricity industry to combat climate change.
Find out what Biden’s Administration plans to do next.
Category: Economy
Biden Needs to Step Down Now
President Joe Biden’s memory issues are becoming a huge problem and need to be addressed. The longer he says in office, the more problems we are going to have.
Biden To Retaliate For OPEC Decision
The Biden administration has warned of retaliation for last week’s significant oil production cut by Saudi Arabia-led OPEC and its Russia-led partners, escalating Washington’s dispute with a major Middle Eastern ally.
Housing Market Indicates High Inflation for Start of 2023
Rents and other housing prices are emerging as a significant driver of total consumer inflation, keeping it high even as many additional drivers of inflation begin to decline
911 Speech Shows Republican Dismay Over the Sad State of Our Nation
This year, on the anniversary of the terrorist attacks on September 11, 2001, House Minority Leader Kevin McCarthy, R-Calif., ripped into President Biden’s foreign policy. McCarthy told Fox News that the president’s actions at home and abroad had made the country less safe. Under the Biden administration our country is headed in the wrong direction. The leader of the U.S. should be uniting our nation, but instead, he has caused our country to be more divided.
Treasury Secretary Tour A Slap in the Face to Struggling Americans
Yellen’s speech took place Thursday at a Ford Motor Co. plant in Dearborn, Mich., where electric cars are manufactured. The economy is slowing down because the Federal Reserve is raising interest rates to fight the highest inflation in four decades.
Coming Soon Higher Interest Rates
Following Chairman Jerome Powell’s public pledge to reduce inflation even if unemployment increases, the Federal Reserve appears on track to raise interest rates by another 0.75 percentage point this month.
Border Insanity, Record High Illegal Crossings, When will it Stop
According to recent polls, most Americans believe the border crisis is an “invasion.” Texas and Arizona governors have been busing migrants from the border to Chicago, Washington, D.C., and New York City to make Democratic cities feel the effects of the border crisis.
Endorsements Trump vs. DeSantis
What is the value of a Donald Trump endorsement? Republicans have been grappling with that question this year. However, it is possible that potential presidential candidates would be more effective if they used their endorsements to expand the Republican brand rather than merely thwart party rivals as Florida governor Ron DeSantis did.
Student Loan Forgiveness Adds to Inflation Woes
The White House’s action is completely at odds with its talk of deficit reduction, MacGuineas said. By forgiving billions in student loans, the nation’s deficit will increase twice as much – it reached $2.8 trillion in the fiscal year 2021, the second-highest in history – undoing the $300 billion Democratic plans for deficit reduction. She added that the president undid a year’s worth of work on the fiscal front with a pen stroke.
