The ‘rockets and feathers’ effect: Inflation eases but grocery bills do not

Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with the sharpest increase in … Read more

Democrats probe DOJ finding that eases way for states to institutionalize mentally ill

Senate and House Democrats launched a congressional inquiry on Wednesday into a new controversial Justice Department legal opinion that would make it easier for states to keep people with mental illness institutionalized, rather than paying for them to receive community-based care. In a letter to Acting Deputy Attorney General Todd Blanche, the lawmakers asked the … Read more

Justice Department eases restrictions on some marijuana products

Washington — The Justice Department announced Thursday that it has issued an order rescheduling certain marijuana products to a lower drug classification. The order was signed by Acting Attorney General Todd Blanche and placed FDA-approved products containing marijuana and products regulated by a state medical marijuana license in Schedule III of the Controlled Substances Act.  … Read more

Trump admin eases asylum freeze for vetted migrants, keeps bans on ‘high-risk’ nations

NEWYou can now listen to Fox News articles! The Department of Homeland Security announced Tuesday it is slackening restrictions on asylum applications set in place after an Afghan asylee allegedly murdered one West Virginia National Guardsman and gravely wounded another in Washington last fall. The November incident near Farragut Square led President Donald Trump to … Read more

U.S. eases Iranian oil sanctions in scramble to contain energy prices, handing Tehran a potential boost

In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran as Washington scrambles to contain the economic shockwaves of its military campaign. Treasury Secretary Scott Bessent said Friday the easing of sanctions, first imposed after Iran’s 1979 revolution, … Read more

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

WASHINGTON — U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world oil supplies during the Iran war. The Treasury issued a broad authorization allowing Petróleos de Venezuela S.A, … Read more

Trump eases Russian oil sanctions as Iran war sends prices spiking

The United States has temporarily lifted sanctions on Russian oil, a boost to the Kremlin as Washington tries to contain energy prices sent soaring by the American-Israeli assault on Iran. President Vladimir Putin’s team welcomed the move to ease penalties that were imposed over Russia’s invasion of Ukraine, and pushed Friday for the U.S. to … Read more