Nov 24 Biden’s move to tap oil reserve gains support of many environmentalists By Matthew Daly, Associated Press Biden and his administration insist tapping more oil from the reserve does not conflict with his climate goals — including a 50 percent cut in greenhouse gas emissions by 2030. Continue reading
Nov 21 Watch 3:38 Inflation a major issue facing the Biden administration By PBS NewsHour Inflation, now running at more than 6%, is the number one concern for many Americans as prices rise, from the gas pumps to the grocery shelves. It’s also a looming threat to President Joe Biden’s administration. A complex mix of… Continue watching
Nov 16 Americans elevated retail spending by 1.7 percent last month By Christopher S. Rugaber, Associated Press Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. Americans are also still buying more cars, furniture, and other goods than they did before the pandemic. Continue reading
Nov 10 Watch 9:16 What’s driving U.S. inflation and how price pressures could be reduced By Lisa Desjardins, Amber Partida New numbers show an inflationary wave is still building in the U.S. economy. The labor department reports consumer prices jumped more than six percent in October as compared to a year ago — the biggest increase in 31 years. Catherine… Continue watching
Nov 10 How the supply chain caused current inflation, and why it might be here to stay By Craig Austin, The Conversation Inflation soared 6.2% in October from a year earlier, the fastest pace since 1990. Continue reading
Nov 10 How the pandemic has affected the economy, from empty shelves to higher prices By Alberto Cavallo, Oleksiy Kryvtsov, Econofact COVID supply disruptions, evident in product shortages at the retail level, were an important driver of inflation a year after the start of the crisis. Continue reading
Nov 10 WATCH: Biden says infrastructure bill will ease economy woes with time By Josh Boak, Colleen Long, Associated Press President Joe Biden touted his $1 trillion infrastructure plan Wednesday as an eventual fix for the nation's inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin. Continue reading
Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 By Christopher Rugaber, Associated Press Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession. Continue reading
Oct 26 WATCH: McConnell blames Democrats for rising inflation By Associated Press McConnell said Democrats who attempt to compare Biden's social spending plan to the New Deal are wrong, arguing that former President Franklin Roosevelt had "massive majorities."… Continue reading
Oct 13 Heating bills set to soar as inflation hits energy prices By Associated Press The sharpest increases are likely for homes that use propane, but others are also likely to see big increases. Continue reading