Do tariffs fuel inflation? John Phipps's Customer Support segment explains why economists have struggled to come up with estimates of economic effects due to lingering COVID influence on world business.
Supreme Court Fences In Federal Agencies (A Little)
In June, the U.S. Supreme Court took a big step toward limiting the discretion of federal agencies to impose economically or politically significant regulations without the clear authority of Congress. John DIllard explains more.
What Changed Senator Manchin's Mind About $740B Reconciliation Bill?
The CBO says the reconciliation bill, dubbed the "Inflation Reduction Act," cuts the deficit by $102 billion. Senators are pushing for last-minute changes as debate nears, including to electric-vehicle tax-credit limits.
China Is Now Retaliating Against Taiwan By Slapping Export And Import Suspensions On Certain Products, Goods
China suspended the import of citrus fruits and some fish products from Taiwan, as well as the export of sand to the island. China also imposed import bans on more than 100 Taiwanese products in retaliation.
