(Bloomberg) -- The share of Americans who report having difficulties paying their bills has surpassed its 2020 pandemic peak in a US Census Bureau survey, underscoring the toll of soaring prices on budgets.

The Federal Reserve has sabotaged the economy since 1913 with its socialistic interventions.

The Federal Reserve has been aggressively hiking interest rates this year in an effort to quell today's multidecade-high inflation, and reports indicate they are looking to raise interest rates another percentage point this month.

PHOENIX (AP) — Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families.

WASHINGTON (AP) — Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.

STANFORD – Thirty years ago, Democratic political strategist James Carville focused Bill Clinton’s presidential campaign with the mantra, “It’s the economy, stupid.” America had just experienced a relatively brief, mild recession, owing partly to sharply rising oil prices following Saddam Hussein’s invasion of Kuwait. Between the slow recovery and Ross Perot’s independent candidacy (which peeled votes away from then-President George H.W. Bush), the stage was set for a Clinton victory.

Biden's “Build Back Better” efforts have been a phenomenal failure so far, but maybe that's because Americans just don't understand a good thing when they see it?

Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.

The average price of a gallon of gas has surpassed $5 in nine states, seven of which are run by Democrats, with the national average price soaring this weekend to $4.85, according to the the American Automobile Association (AAA).

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same.

Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.

Too much government spending and loose monetary policy lead to rising prices combined with falling economic growth rates. All Keynesian roads lead to stagflation. It is the result of economic mismanagement. Again and again, the belief has been proven wrong that central bankers could guarantee the so-called price stability and that fiscal policy could prevent economic downturns. The present crisis is one more piece of evidence that interventionist monetary and fiscal policies are disruptive. Instead of a permanent boom, the result is stagflation.

Surging demand, high fuel prices and an ongoing pilot shortage have combined to create historically costly airfare prices for domestic U.S. travelers this spring.

A “giant leap” in global food prices caused by Russia’s invasion of Ukraine has helped three members of the super-rich Cargill family, who majority-own one of the world’s largest food companies, join the ranks of the world’s 500 richest people.

Central banks and governments have funneled record amounts of money into their economies to fight the global recession triggered by the coronavirus pandemic.

Amazon is the latest company to implement a plan to combat soaring fuel costs: charge sellers on its giant e-commerce platform an inflation tax. 

The Biden administration is bracing for Tuesday's key consumer inflation report to show that the prices Americans pay soared in March, as Russia's assault on Ukraine caused energy prices to jump.

Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday.

Exxon Mobil Corp on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion.

Inflation poses severe challenges for emerging market economies. The latest example is in Peru, where social unrest spreads across the country, forcing the government to impose a curfew in the capital, Lima, on Tuesday, according to Reuters.