• Inflation Reduction Act May Have Little Impact on Inflation
  
  With inflation raging near its highest level in four decades, Congress is poised to approve President Joe Biden's signature Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame inflation?
• The Inflation Reduction Act's Impact on Americans, Explained
  
  The $430 billion U.S. Inflation Reduction Act, expected to pass in the House of Representative on Friday, aims to lower healthcare costs, promote clean energy and increase corporate taxes at a time when inflation is at its highest in decades.
• Rep. Burgess to Newsmax: Solve Inflation by Restoring Energy
  
  If the Biden administration wants to reduce inflation, it should increase the country's production of energy, but instead, it's pushing for the Inflation Reduction Act, which will have just a "small effect" on the problem, Rep. Michael Burgess said on Newsmax on Friday.
• Peter Morici: Going Far Left, Biden Has Left Many Voters Behind
  
  President Joe Biden is in deep trouble within his own party. A New York Times/Siena College poll in July indicated 61% of Democrats would prefer a different standard-bearer in 2024.
• Deeper Dive Into Inflation Data Shows Cracks
  
  As headline inflation dipped from 9.1% to 8.5% Wednesday and the debate whether the nation is in a recession continues -- a deeper dive into the numbers points to inflation remaining elevated for the foreseeable future and a strong likelihood of an economy in recession.
• Michael Busler: Making Sense of the Mixed-Signal Economy
  
  Recently the Bureau of Labor Statistics released its first estimate for gross domestic product (GDP) growth in the second quarter. The number was -0.9%. That's the second consecutive quarter of negative GDP growth. That's a recession.
• Inflation Likely to Remain Elevated, Even as Gas Falls
  
  Americans may finally be catching a break from relentlessly surging prices - if just a slight one - even as inflation is expected to remain painfully high for months.
• US Productivity Drops in 2Q22; Annual Decline Largest on Record
  
  U.S. worker productivity fell sharply in the second quarter and on an annual basis posted a record decline, the Labor Department said on Tuesday.
• Peter Reagan: 3 Lessons Smart Investors Learned From the Great Recession
  
  Today's economic situation looks strikingly similar to the 2008 Great Recession. Here's what worked back then.
• Sen. Marshall to Newsmax: Dems' Spending Bill 'Inflationary,' 'Job-Killing'
  
  Sen. Roger Marshall told Newsmax on Monday that President Joe Biden's Inflation Reduction Act is anything but one, arguing that the bill will exacerbate the nation's economic woes.
• US Spending Bill to Cut Inflation Over Time: Moody's
  
  A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, will bring down inflation over the medium to long term and cut the deficit, ratings agency Moody's Investors service said Monday.
• Sen. Braun: Inflation Reduction Act 'Adds More Fuel to the Fire'
  
  Sen. Mike Braun, R-Ind., told Newsmax on Monday that he cannot support the Inflation Reduction Act, which he says would not help to improve the economy.
• Lauren Fix, The Car Coach: No Cars For You!
  
  The World Economic Forum (WEF) wants you to give up your car, truck or SUV. They want car ownership to be outlawed because The Great Reset is about control and tightening the grip on your freedom.They ask if your car is really necessary? The World Economic Forum doesn't...
• UK Govt Skewered Over Cost-of-Living Crisis
  
  The British government came under pressure on Monday to set out plans immediately to support families through a mounting cost of living crisis, with a leading business group and former prime minister saying a political vacuum cannot be allowed to last.
• Trump: Dems Played McConnell 'Like a Fiddle' on Bill
  
  Former President Donald Trump slammed Senate Minority Leader Mitch McConnell, R-Ky., after Senate Democrats on Sunday passed their long-sought bill they say will fight climate change and lower inflation.
• CBO: Inflation Reduction Act Won't Reduce Inflation
  
  Contradicting claims from Senate Democrats, a report from the independent Congressional Budget Office (CBO) indicates that the measures in the $740 billion Inflation Reduction Act of 2022 (IRA) would have a marginal to negative impact on inflation.
• Senate Democrats Pass $430 Billion Spending Bill
  
  The Senate passed a sweeping $430 billion bill intended to fight climate change, lower drug prices, and raise some corporate taxes Sunday, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections.
• Fed's Mary Daly: Inflation Isn't 'Embedded' In US Economy
  
  President of the San Francisco Federal Reserve Bank Mary Daly on Sunday insisted inflation isn't "embedded in the economy" - and vowed the Fed would continue efforts to reign it in.
• Rep. Pete Sessions to Newsmax: Dems 'Made Friends With Inflation'
  
  Americans might not see the affects of the latest Democrats' spending plan before the midterms, but they should vote on what they have sensed to date, as it will only get worse, according to Rep. Pete Sessions, R-Texas, on Newsmax.
• Rep. Herrell to Newsmax: Inflation Reduction Act Makes 'No Sense'
  
  It makes "no sense" to pass the Democrats' Inflation Reduction Act, a $740 billion tax and spending package, while "here we sit with the highest inflation we've seen in our lifetime," Rep. Yvette Herrell told Newsmax Saturday.
• Video Report: US economy July Report, Coal Industry
  
  Newsmax correspondent Christina Thompson looks at the U.S. economy report for July, and the state of the country's coal industry.
• Michael Busler: Strong July Jobs Report Points to Mild Recession
  
  The Bureau of Labor Statistics just reported a whopping 528,000 new jobs were added in July. That brings the unemployment rate down to 3.5%. It also means that the total number of employed Americans is finally as high as before the pandemic. This is definitely good news.
• How You Know When a Recession Has Begun
  
  The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession - if not already in one - barely two years after the pandemic recession officially ended.
• US Employers Add 528k Jobs; Unemployment Falls to 3.5%
  
  America's hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.
• Employment Market Shows Signs of Cooling Amid Rate Hikes
  
  The employment market appears to have lost some of its sizzle, a development that could influence Federal Reserve policy and further raise concerns about an economic recession among investors.

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