Recently, we reported that the Biden White House issued a statement regarding the definition of a recession, arguing that the traditional definition of two-quarters of negative Gross Domestic Product growth needed revision. “While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way […]
Governor Glenn Youngkin today announced that he will donate his second-quarter salary to the Virginia Veterans Services Foundation, an organization dedicated to providing supplemental funding for Veteran programs and services throughout the Commonwealth of Virginia. At the Jones and Cabacoy Veterans Care Center in Virginia Beach, Virginia he fulfilled his pledge to donate his gubernatorial salary back to organizations and […]
Fox News co-host Kayleigh McEnany had a powerful response after a revealing comment from the Biden administration. In an appearance on CNN, White House economic adviser Brian Deese defended high gas prices and inflation as necessary to protect the “future of the liberal world order.” WATCH: Deese’s remarks followed a similar comment by Biden at this week’s NATO summit: Meanwhile, McEnany — the last […]
Governor Glenn Youngkin announced Tuesday that Virginia’s May revenue reports are 9.9 percent higher than May 2021. That’s good news for the governor, who is imminently expected to release amendments to the budget already passed by the General Assembly. Legislators will return Friday to vote on Youngkin’s changes. “This report confirms that the time is now to […]
In an attempt to combat rising inflation, Governor Youngkin signed legislation that will allow local governments to lower property taxes on vehicles. House Bill 1239 allows local jurisdictions to put vehicle taxes in a different classification than the standard personal property tax. The bill allows these taxes to be lower than the personal property tax, […]
The Federal Reserve Bank of Atlanta forecasts GDP growth at 4.1 percent in Q3 as chairman of the U.S. central bank Jerome Powell said at a conference that more economic growth is in store after half century-low jobless claims and a target goal of two percent inflation.
