Energy Secretary Chris Wright expressed optimism that electricity prices will eventually come down. “Very soon, you’ll see a stop of the rise of electricity prices. And with the continuation of [the Trump administration’s] policies of energy addition, you will see declines in electricity prices later this term,” Wright told host Jacqui Heinrich on “Fox News...
Democrats are desperate to make the 2026 midterm elections about affordability, buoyed by their November victories, enthusiasm for their so-called Abundance Agenda, and polling showing President Donald Trump losing support on the economy.
The world’s biggest climate philanthropy has given $24.5 million to protect coastal ecosystems as part of a plan to create the planet’s first cross-border marine biosphere reserve, its head of nature told Reuters. The four grants from the Bezos Earth Fund are intended to help local communities and organisations protect key marine areas in Costa...
Sharp swings in financial markets have left investors reeling in recent weeks, as questions about a potential artificial intelligence (AI) bubble collide with uncertainty surrounding the Federal Reserve’s next interest rate decision. The AI trade has been booming for nearly three years since the release of ChatGPT, but some are beginning to wonder how long this can last before shareholders get antsy for returns on firms’ massive multibillion-dollar investments. Read more in The Hill here.
Gas prices have dropped below $3 a gallon to their lowest level in more than four years. The national average for regular fell to $2.95 on Friday, the cheapest price at the pump since May 2021, according to GasBuddy. Read more in The Hill here.
Thanksgiving 2025 brings something America hasn’t seen much of in recent years: lower prices. According to the American Farm Bureau Federation, the cost of a classic Thanksgiving dinner for ten people dropped about 5% this year, landing at $55.18. After years of grocery-store sticker shock, that’s welcome relief. And it stands in sharp contrast to 2022, when...
A lot of attention has been paid to the role of growing electricity use by data centers; however, most commentary has proceeded without much in the way of thoughtful analysis. A study on drivers of state-level trends in U.S. retail electricity prices from the Lawrence Berkeley National Lab begins to fill the gap.
Virginia Gov.-elect Abigail Spanberger — who promised during her campaign to prioritize affordable energy if she won — on Sunday doubled down on her views of the “energy crisis” that her state will face without new policies to hold the biggest users accountable. “There’s some bad energy policies in some of our neighboring states that have driven...
With the exception of goldbugs, almost everyone seems to have abandoned their inflation worries. The Federal Reserve is easing again, Wall Street stocks and bonds are rising in tandem, and even the bruised dollar has perked up a bit. The Fed’s strict 2% inflation target seems to be a thing of the past. And yet...
Joel Mokyr, Philippe Aghion, and Peter Howitt won the 2025 Nobel Prize in Economics for their work on innovation-driven economic growth. Innovation spurs technological advancements that improve human flourishing and quality of life. It is also essential for a cleaner environment. As we remind policymakers in the U.S. and abroad, free economies are clean economies.
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