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Category: Economic Trends
US mortgage rates hit 16-year high
Mortgage rates reached a 16-year high last week, further dampening demand from home buyers, according to data from the Mortgage Bankers Association released Wednesday. The 30-year fixed mortgage rate rose…
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UN warns against dangers of Iraqi political crisis, foreign intervention
She said corruption remained “a core feature of Iraq’s current political economy, built into every day transactions.”
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Don’t rush to create an outbound investment review
There are ongoing discussions in Congress and the White House to build a federal program that will review and block American investments abroad. While the idea comes from a good…
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Multiplier Madness vs Laffer Lunacy: a guide to Trussonomics
It’s been a torrid two weeks, not just for the UK government, but also for those of us who support free-market economics. In my capacity as an Economics Professor (and…
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The energy crisis could fragment the European Union
In her State of the Union address on Sept. 14, European Commission President Ursula von der Leyen emphasized European Union unity in response to Russia’s war in Ukraine, noting that…
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The Hill's Morning Report — Trump heads to Arizona, Nevada as legal troubles mount
As Arizona and Nevada gear up to start their early voting processes in the coming days and weeks, both states are also expecting visits from former President Trump, who in…
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Congress Passed Historic Innovation Legislation. Its Implementation Now Falls to the White House OSTP.
On September 22, the Senate confirmed Arati Prabhakar as White House Office of Science and Technology Policy (OSTP) director, the first woman of color and immigrant to hold the position.…
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GOP seizes on Biden gaffes to attack competence
Republicans are seizing on recent gaffes from President Biden, putting a spotlight on his slip-ups to attack Biden’s competency ahead of both the midterms and a 2024 presidential race. The…
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New social upheaval feared in Jordan as a result of economic crisis
No less than 80 percent of Jordanians believe that the economy of the country is going in the wrong direction.
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Fratelli D’Italia, l’Italia s’e´desta: General Election 2022
Fratelli D’Italia, l’Italia s’e´desta: General Election 2022 05 October 2022 The 25 September general elections in Italy are the result of a complex socio-political, institutional, and economic scenario that began…
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NotedDC — Republicans pushing for an upset in Colorado
Joe O’Dea (R) may be a long-shot in his bid to unseat Democratic Sen. Michael Bennet in Colorado this fall, but the race has taken on increased importance amid lagging numbers for several…
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Republican narrowly leads Oregon governor's race: poll
Republican gubernatorial candidate Christine Drazan has a narrow 2-point lead over her Democratic rival in Oregon’s race, according to a new Emerson College Polling survey released Tuesday. The poll found…
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On The Money — Job openings dive amid recession fears
New numbers show that interest rate hikes are beginning to cool the labor market. We’ll also look at global recession warnings, Janet Yellen’s recent comments on her future and Elon…
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Energy & Environment — Flint water crisis charges tossed
Charges have been dropped against seven people who had been implicated in the Flint water crisis. Meanwhile, a group of major oil producing countries considers a supply cut. This is Overnight Energy…
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The help Puerto Rico needs
On Sept. 18, on the eve of the fifth anniversary of Hurricane Maria and as Puerto Rico prepared to commemorate the lives lost and reflect on the devastation caused by…
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New manmade coral reef deployed off coast of islands in hopes of restoring ocean ecosystem
Story at a glance A new type of built coral reef has been deployed off the coast of Antigua and Barbuda. Coral reef restoration project OceanShot designed the structures and…
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Global overload: How the world became overwhelmed
We all feel it. News is always about the unexpected, but this cycle of news is uncommonly grim, and we are all exhausted by it. Look around at the world, starting…
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Biden heads to New York, New Jersey to visit IBM, fundraise
President Biden on Thursday will travel to New York and New Jersey to promote his economic agenda, as well as making two fundraising stops ahead of the midterm elections. He…
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To save the climate, the Inflation Reduction Act is just the start
I understand why the Biden-Harris administration has taken to celebrating the Inflation Reduction Act (IRA) on national and international stages. The bill appropriates an unprecedented $369 billion dollars toward decarbonizing our energy supply, making…
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Yellen dismisses reports she's leaving administration
Treasury Secretary Janet Yellen dismissed recent reports in the media on Tuesday that she would be leaving the Biden administration. Yellen shut down the rumor at the 2022 Freedman’s Bank…
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Walker firestorm upends Georgia Senate race
window.loadAnvato({"mcp":"LIN","width":"100%","height":"100%","video":"8046216","autoplay":false,"expect_preroll":true,"pInstance":"p3","plugins":{"comscore":{"clientId":"6036439","c3":"thehill.com","version":"5.2.0","useDerivedMetadata":true,"mapping":{"c3":"thehill.com","ns_st_st":"hill","ns_st_pu":"Nexstar","ns_st_ge":"Hill.TV","cs_ucfr":""}},"dfp":{"adTagUrl":"}); A new report alleging that former football star Herschel Walker paid for his then-girlfriend to have an abortion more than a decade ago is upending the Senate race in…
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The climate crisis is here: Are we ready?
In Florida, Hurricane Ian ripped homes from their foundations, mangled boat docks and left at least 2.6 million people without power. Floridians shared pictures of flamingos sheltering from the storm…
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