Drinking water costs spiked faster than inflation, grocery prices and median household income, researchers at nonprofit Food & Water Watch outlined in a first-of-its-kind report released Tuesday. The average community water system increased household drinking water prices by 62 percent between 2015 and 2025 — with costs in Louisiana, Maryland and New Hampshire having particularly steep rises…
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The Federal Reserve is preparing to adjust how it measures inflation in three areas of consumer purchases this fall, a move that will cause the numbers to appear to drop slightly. While many economists say the changes are necessary to reflect the true costs of these items, the move comes at a time when trust in federal data from the Trump administration is low. The Bureau of Economic…
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During a press conference on Tuesday, House Majority Leader Steve Scalise (R-Louisiana) claimed that the economy is improving, citing lower costs for gasoline compared to earlier this month. “This is a country that’s actually experiencing a golden age again,” said Scalise, the second-highest ranking Republican in the House of Representatives. “I mean, gas prices are down 50 cents from where…
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The day before he signed a memorandum of understanding with Iranian leaders, President Donald Trump said he wants to put the joint U.S.-Israeli war on Iran in the “rearview mirror.” But even if the memorandum — which puts an end to the war for at least the next 60 days — holds, the enormous costs of the war itself will not disappear with the next news cycle. In Iran, at least 3,468…
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On Wednesday, President Donald Trump shrugged off a federal report showing that inflation in the U.S. has reached its highest levels since 2023, telling reporters in the Oval Office that he “loves[s] the inflation.” The monthly Consumer Price Index (CPI) report released by the Bureau of Labor Statistics (BLS) indicated that inflation went up by 4.2 percent over the past year.
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In a Fox News interview on Sunday morning, Kevin Hassett, director of the National Economic Council, disregarded Americans’ current ill feelings on the economy, instead suggesting that factors like rising prices are proof that Americans are “optimistic.” “People are spending more on gas, but they’re also spending more on everything else,” Hassett claimed in the interview.
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