Stories by Washington D.C. Business Daily Report on Business Daily

Washington D.C. Business Daily Report News


About a year after the Inflation Reduction Act was signed into law, Americans continue to feel the inflation pinch, as overall annual inflation rose to 3.2 percent in July. But the inflation rate for lower-income Americans is up much more, driven by rising housing costs.

New reports by the International Center for Law and Economics show that many high-profile mergers have been highly criticized, saying they will do major harm to both competition and consumers.

Lina Khan and the Federal Trade Commission (FTC) she chairs are pursuing multiple cases against Google for alleged antitrust violations. Federal courts have ruled against the FTC and the U.S. Department of Justice in these types of cases much more often than not in recent months. However, while they have a track record of losing in court, these cases have fomented an atmosphere of regulatory uncertainty which some experts argue is by design.

Housing costs now account for a third of the average American's budget as inflation continues to impact the economy, according to a MarketWatch article published on Feb. 17.

A newly released documentary called "Grid Down Power Up" looks into the vulnerabilities that exist within the United States power grid. The issue of potential weaknesses in the grid is a new area of concern, especially for Americans that have lived through recent outages and rolling blackouts. Particularly, these have been an issue in places such as California, North Carolina and Texas.