ADVERTISEMENT

ADVERTISEMENT

ECONOMY

Latest Headlines
The TEENS Act would expand workable hours for affected teenagers to span from 7 a.m. until 9 p.m., as well as increase the number of workable hours during a school week to 24.
With a dwindling stock of inventory of affordable homes and multi unit dwellings, Jeremy Jensen said the demand for new homes in the $250,000 to $300,000 price range in Mitchell is greater than ever.
“When you have a big job to do, whether it’s harvesting or planting or transportation, it helps to run on gas,” said Bones. “It seems that electric vehicles have a place, but I don’t think it’s out here in flyover country.”
Despite the second straight weekly decline reported by the Labor Department on Thursday, claims are hovering near a five-month high. There have been job cuts in sectors like technology and housing amid fears of a recession as the Federal Reserve aggressively tightens monetary policy to quell price pressures.
Pres. Biden urges suspension of federal gas tax, state gas taxes; Thune, Johnson opposed
The president will also call on states to temporarily suspend state fuel taxes, which are often higher than federal rates, and he will challenge major oil companies to bring back idled refining capacity.

ADVERTISEMENT

Particularly galling to the White House is the jump in industry stock buybacks, returning to investors profits that the administration wants invested in more refining capacity to bring gasoline prices down.
More than a year later, price increases at 40-year peaks have proven to be anything but, so much so that the Fed this week appears ready to hike interest rates by the most since 1994 to quell them.
A hotter-than-expected inflation reading has even thrown some doubt on expectations.

ADVERTISEMENT

ADVERTISEMENT