A CSX freight train sits on a siding in downtown Pittsburgh Saturday, Nov. 19, 2022. (AP Photo/Gene J. Puskar)

President Biden's deal to keep the railroads running has gone off track. That means the threat of an economically crippling nationwide railroad strike is back as a very real possibility.

student loan forgiveness

A federal judge in Texas has struck down the Biden administration's student debt relief program Thursday, calling it "unlawful". 


Inflation is about to hit home in yet another assault on family budgets. This time it's due to a chilling increase in heating prices along with expectations for a winter that's colder than normal.

People shop at a grocery store in Glenview, Ill., Monday, July 4, 2022.  (AP Photo/Nam Y. Huh)

President Joe Biden hailed the good news about third-quarter growth in the nation's GDP, but economic forecasts remain gloomy due to the highest mortgage and interest rates in decades, along with soaring inflation.

SpaceX owner and Tesla CEO Elon Musk. (Hannibal Hanschke/Pool via AP)

Elon Musk posted video Wednesday showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company. 

Markets in Turmoil

Top economists this week say it's certain the United States will face a recession in the next year. It's a blow to President Joe Biden, who's making moves to lower gas prices right before the mid-term elections. 


The IRS is helping Americans protect their income from rapidly rising food, gas, and energy prices, that have already taken a chunk out of their pockets. 

 The price of shrimp is displayed at a market in Philadelphia, Thursday, June 16, 2022. (AP Photo/Matt Rourke, File)

U.S. consumer prices shot up 8.2% in September, compared to a year earlier, according to the government's latest monthly consumer price index out today.

The US stock market plunged in September as investors grow increasingly worried about the economy. (AP Photo/Julia Nikhinson)

"The economic situation continues to deteriorate. We've had 8 consecutive quarters of real incomes declining for families in this country and that amounts to nearly a $5,000 paycut for families," said Joel Griffith with the Heritage Foundation. 


The Dow Jones Industrial Average sank more than 1,250 points Tuesday, its steepest sell-off in more than two years after a government report showed that inflation is maintaining a surprisingly strong grip on the U.S. economy.