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The Latest Breaking News from Lindsay Owens

DOGE is shuttering a consumer watchdog, which may clear the way for Musk's X payments platform plans, think-tank boss says

Elon Musk's DOGE wants to "delete" an agency that could have directly regulated one of his businesses.

Fortune

Why Trump tariffs will be ‘very bad for America and for the world’

If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill

The Guardian - US

Trump and his GOP friends focus on tax breaks and deportations in his first 100 days

In preparation for Trump’s return, Republicans in Congress have been meeting privately for months and with the president-elect to go over proposals to extend and enhance tax breaks

The Independent UK

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The Misuse of Data Behind the 'Greedflation' Narrative

There's no evidence that greed is causing inflation.

Reason

Harris and Trump Both Say They Will Stop Price Gouging, But Making It Happen Will Be Tough

Economists say it requires crossing influential business lobbies to crack down on excessively high pricing by companies that dominate their industries.

Capital & Main

Progressives Weigh In on Kamala Harris’ Economic Proposals — and Share Some of Their Own

Experts say that policies such as higher taxes on the wealthy and expanded child care are both effective and popular.

Capital & Main

Economists Caution Against Federal Ban On Food Price Gouging

Debate over a proposed price-gouging ban in the food industry raises concerns about its potential impacts on market dynamics and innovation.

Top News

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FTC head wants investigation into grocery stores over inflated prices

The federal regulator wants to see if grocery chains are ‘exploiting their power to inflate prices’

The Independent UK

Amazon, Walmart, and Target finally realize their colossal pricing mistake—now they’re slashing costs to win back customers

Amazon Fresh announced Thursday it would slash prices of 4,000 grocery products, following a similar strategy of other retailers piling on discounts.

Fortune

Taking on junk fees is popular. But can it win Biden more voters?

President Biden is expected to highlight his push to cap junk fees in his State of the Union address, for a second year in a row. It's a theme he plans to take on the campaign trail.

WEKU

Debt ceiling deal slammed as "cruel"

"Hungry people are set to lose food while tax cheats get a free pass"

Salon

Behind Biden's "spending cut" warning

The United States is barreling towards "catastrophic debt default," but what costs will get cut?

Salon

GOP bill: Make Trump tax cuts permanent

One economist noted that the measure is backed by the "same members who are pushing us to a debt limit crisis"

Salon

Manchin pitches GOP Social Security deal

Advocacy group condemns Manchin for "negotiating with legislative terrorists"

Salon

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The Independent UK

Profane, quasi-hidden message on man’s tombstone sparks local anger

‘If you don’t like it, walk away,’ says the man’s daughter

Daily Record

Rude message on dad's grave horrifies cemetery staff despite family's approval

A secret message engraved on a father’s headstone has caused outrage among cemetery staff but his family think it's hilarious.

Daily Mirror

Rude message on dad's gravestone appalls cemetery staff - but family know he'd love it

A rude secret message written on a father's headstone has caused outrage among cemetery staff, but his family believes it's the perfect tribute to his sense of humour

Salon

Behind the Joe Biden v, Jeff Bezos beef

The Bezos-Biden spat comes as the price of food and fuel soars and Amazon workers organize to form a labor union

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Salon

Elizabeth Warren targets price gouging

"Corporations have price gouged consumers for extra profits and gotten away with it for too long," said Warren

The Guardian - US

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

The Guardian - US

Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

Salon

McConnell made millions from price hikes

Meanwhile the Republican has accused Democrats of "gaslighting" the public for blaming inflation on price gouging

Salon

Bernie links inflation to "profiteering"

Sanders says corporations using "specter of inflation to make outrageous profits by price-gouging Americans"

People

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