GO in the Know: New High for Gas Prices, Bitcoin Falling & Top Financial News for June 13

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Inflation is soaring while crypto is plummeting, but we are always staying steady by bringing you the top financial stories of the day.

The Big Lead: National Gas Prices Break $5 a Gallon

Now that the once-unthinkable has happened in the United States — average gasoline prices that are above $5 a gallon — many Americans no doubt wonder how and why prices surged so high so fast in 2022.

Crypto Spotlight: Bitcoin Falls Below $25K

Bitcoin is at its lowest level since the end of 2020, as anxiety over a rapidly accelerating inflation is grappling traditional and crypto markets alike.

Well That’s Interesting: Biden Lifts International COVID Testing Requirement

COVID-19 testing requirements for inbound international air travelers came to an end over the weekend, raising hopes that the U.S. travel/tourism industry will get an additional boost in what is already expected to be a busy summer travel season.

Bonus: Social Security Reform — What’s Keeping Drastic Measures From Moving Forward?

Despite gaining a year of solvency, Social Security is quickly heading for a bust. According to a new report, without legislative reform the combined assets of the Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds are expected to be depleted in 2035.

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