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Economy, other factors have put pressure on consumers People seem to be buying less food from quick-service restaurants (QSR). That appears to be the case after companies such as Yum! Brands, Starbucks and McDonald’s offered their latest quarterly updates on their businesses. In the first quarter, the corporate parent of KFC, Taco Bell and Pizza Hut said its overall same-store sales narrowed by 3%, which was "expected," said Yum! Brands CEO David Gibbs in the company’s press release Wednesday. CFO Chris Turner told analysts and investors who tuned into the earnings call that Yum! Brands had expected the first quarter...

The April pronouncements of Federal Reserve Chairman Jerome Powell at Stanford University have sparked a crucial discourse about the ramifications of mass immigration on the American economy. Powell's observations emphasized the significant role of immigrants, particularly within lower-paying sectors of the labor market, prompting economists to hastily reconsider their projections. The forecasts presented by the Congressional Budget Office (C.B.O.) paint a stark panorama: an astounding 3.3 million individuals entered the United States in 2023 alone, with similar figures anticipated for 2024. While some champion these statistics as heralds of economic expansion, the underlying reality is bleak. The majority of this...

Former President Donald Trump vowed in Wisconsin to trash President Joe Biden’s so-called “Bidenomics” and reinstate “MAGAnomics” upon victory in November. The average Wisconsin family lost $21,981 due to the increased cost of living under Biden, the Republican National Committee estimated. The economy is the number one issue in 2024, according to CNN. About half of voters in swing states Wisconsin, Pennsylvania, and Michigan believe the economy got worse under Biden’s management, a CBS News poll found Sunday.

Americans have been sour on the economy since President Joe Biden was sworn into office. As we head into an election season that is likely to be a 2020 rematch between Biden and former President Donald Trump, voters give Republicans and Trump an edge on economic issues. An April 12-14 poll from Echelon Insights found that 57 percent of all voters somewhat or strongly disapproved of the way Biden is handling the economy, and favored Trump on making the economy work better by 48 percent to 40 percent. That's only a recent example of what surveys have routinely shown: Voters...

Biden is again on a tax-raising rampage. He proposes to increase income taxes by nearly $5 trillion for corporations. Increasing the corporate income tax rate to 28% (from 21%) will be a great driver of negative effects on the U.S. economy, reducing long-run GDP by 0.9%, the capital stock by 1.7%, wages by 0.8%, and full-time jobs by 192,000. Additionally, Biden's new tax proposals include increasing the recently enacted corporate alternative minimum tax rate from 15% to 21% and denying business deductions for employee compensation above $1 million.Biden proposes an increase of the corporate income tax that's a higher tax...

The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality. Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March. The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families. (RELATED: US Economic Growth Slows Down Massively, Well Below Expectations) The Biden...

White House Council of Economic Advisers Chair Jared Bernstein dismissed concerns that the economy is under-performing, saying "I can't get myself worked up over mere statistics in the GDP or CPI. Folks don't eat the GDP. The CPI includes volatile components like food, energy, and housing. If we exclude the price spikes in these areas inflation doesn't look so bad." "A key strength that our Republican critics overlook is that government spending remains robust," Bernstein added. "Under Bidenomics we're not at the mercy of private sector investments for economic growth. Their anti-social quest for increased profits is supplanted by a...

grocery prices '20 vs '24 January I January Price Item 2020 2024 I Increase Orange juice (128 fl oz) $2.99 $4.29 43.48% Coffee (12 oz) $6.99 $8.99 28.64% White bread (20 oz) $1.49 $1.99 33,56% Eggs (1 dozen) $1.49 $2.99 100.67% Chicken breast (2 Ibs) $4.99 $799 60.12% Ground beef (1 !b) $4.99 $6.99 40.08% Rice (1 Ib) $0.99 $1.49 50.51% Iceberg lettuce $0.99 $1.49 50.51% Tomatoes (4) $2.99 $3.99 33.44% Potatoes (3 Ibs) $2.99 $4.49 50.17% Milk (1 gallon) $2.99 $4.49 50.17% Butter (1 Ib) $3.99 $5.49 37.57% Bananas (2 Ibs) $0.99 $1.49 50.51% Cheerios (18 oz) $2.99 $4.29...

As The Gateway Pundit previously reported, former Speaker Nancy Pelosi and Washington DC Mayor Muriel Bowser were both warned about the security situation prior to January 6th and both of them turned down National Guard troops at the US Capitol that day. Pelosi and Mayor Muriel Bowser turned down thousands of National Guard troops at the Capitol on January 6 for political reasons. Chris Wray’s FBI also refused to notify the Trump administration and his cabinet secretaries that they believed there could be violence like the mass protests at the Capitol that took place that day. Nancy Pelosi also refused...

Representative Nancy Pelosi (D-CA) said Sunday on MSNBC’s “Inside” that it was “clear” former President Donald Trump “is a grifter.” Host Jen Psaki said, “You’ve been ahead of the curve that Trump is a conman for a long time. The fact they want to pay his own legal bills despite claiming he is a billionaire feels like it’s an in-your-face example. I know your concern is not the Republican donors, but are they being duped? Pelosi said, “Well, I think it’s very clear that Trump is a grifter. That is the way it is. Integrity which is something we all...

Former House Speaker Nancy Pelosi recently told Republican Rep. Mike Lawler that he should thank Gov. Kathy Hochul for helping him and other New York GOPers get elected, the Hudson Valley lawmaker told The Post Friday. Pelosi said Lawler and his fellow Republican state reps should be grateful to Hochul because weak Democratic results had allowed them to win their House races two years ago. The California Democrat noted, too, that they should express gratitude after the governor approved new congressional maps last month with limited alterations to district lines. “We all had a great laugh,” Lawler told Politico, who...

Representative Nancy Pelosi (D-CA) said Sunday on CNN’s “State of the Union” that Democrats had to win the election because former President Donald Trump was “predicting a bloodbath.” Saturday, at a rally in Dayton, OH, Trump said, “If you’re listening, President Xi — and you and I are friends — but he understands the way I deal. Those big monster car manufacturing plants that you’re building in Mexico right now, and you think you’re going to get that, you’re going to not hire Americans, and you’re going to sell the cars as now we’re going to put a 100% tariff...

Representative Nancy Pelosi (D-CA) said Monday on MSNBC’s “Katy Tur Reports” that if the Democrats win majorities in Congress and the White House, they will ditch the filibuster to legalize abortion nationwide. Pelosi said, “People have to view abortion as a democracy issue. This is about freedom to make your own decisions for a woman. It’s a personal decision, it’s an economic decision at the kitchen table of America’s families, if and when they could expand their families or even start their families.” Tur asked, “Do you think it’s going to be a more powerful issue at the ballot box...

Former House Speaker Nancy Pelosi's address to the Oxford Union in the UK was interrupted by a pair of pro-Palestine demonstrators, days after she said such protests have a 'Russian tinge' to them. The California Democrat was giving an address to the debating society in Oxford as the protestors walked just in front of her podium and silently held up Palestinian flags, until being escorted out by security. Outside the building some 250 demonstrators chanted 'free Palestine' and 'end the genocide.'

Former House Speaker Nancy Pelosi’s (D-CA) daughter criticized Democrat judges for giving out harsh sentences to January 6 defendants. Alexandra Pelosi was caught slamming the “liberal” judges who are “out for blood” as they hand out lengthy prison sentences while other J6 protestors get hit with just a fine or probation. “I think I learned in kindergarten that justice is supposed to be fair. A judge is supposed to be the same, and they’re not supposed to be political,” Alexandra said. “And now it’s like one judge you get really makes a difference because some judges are giving probation and...

Former Speaker Nancy Pelosi claimed Israeli Prime Minister Benjamin Netanyahu is an “obstacle” in a two-state solution between Israel and Gaza and said he should resign. In an interview with RTÉ’s Six One News during a visit to Ireland, Pelosi spoke about the aftermath of Hamas’s Oct. 7 attack on Israel and Netanyahu’s deadly counteroffensive that has left more than 34,000 Palestinians dead, according to local health officials. “We recognize Israel’s right to protect itself. We reject the policy and the practice of Netanyahu,” she said. “Terrible. What could be worse than what he has done in response?” “He should...

On Wednesday’s broadcast of “CNN NewsNight,” Rep. Nancy Pelosi (D-CA) stated that she has “always questioned” whether Israeli Prime Minister Benjamin Netanyahu “was capable of peace,” and that there needs to be an investigation beyond the one Israel is doing on the strike that killed World Central Kitchen workers in order for Israel to get more weapons. Pelosi said, “Netanyahu has to come around. He has not been a peace-oriented person. I’ve always questioned that for decades now as to whether he could — was capable of peace, wanted to do peace, or was afraid of peace. And I feel...

Former Speaker Nancy Pelosi (D-Calif.) this week pushed for an independent commission to look into the Israeli strike that killed seven aid workers with the charity World Central Kitchen (WCK) earlier this month. Pelosi said in an interview with MSNBC on Wednesday that she signed onto a letter with more than 50 other Democrats calling to withhold weapons until an independent commission can investigate the WCK strike. “The letter is simple: until you have an investigation, we should withhold,” she said. “I think it’s a very contained letter. There are other people who have different standards for what we should...

Former Speaker Nancy Pelosi (D-Calif.) and more than 30 House Democrats sent a letter to President Biden and Secretary of State Antony Blinken urging them to reconsider the recent authorization of weapons to Israel, just days after seven aid workers were killed. “In light of this incident, we strongly urge you to reconsider your recent decision to authorize the transfer of a new arms package to Israel, and to withhold this and any future offensive arms transfers until a full investigation into the airstrike is completed,” the letter said, obtained and first reported by NBC News.

WASHINGTON, April 5 (Reuters) - (This April 5 story has been corrected to say that Gaza suffers widespread hunger, not famine, in paragraph 2 and adds context on United Nations warnings of imminent famine in Gaza in paragraph 11) Representative Nancy Pelosi, former House speaker and a key ally of Joe Biden, signed a letter on Friday from dozens of congressional Democrats to the president and Secretary of State Antony Blinken, urging a halt to weapons transfers to Israel. WHY IT IS IMPORTANT Israel's military assault on Gaza, opens new tab, which followed Palestinian Islamist group Hamas' Oct. 7 attack,...