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U.S. President Joe Biden holds a press conference about his meeting with Chinese President Xi Jinping before the start of the Asia-Pacific Economic Cooperation (APEC) summit in Woodside, California, U.S., November 15, 2023. Photo by Kevin Lamarque/REUTERS

Politics Nov 27

WATCH: Biden says he’s helped lower inflation during the first meeting of his new supply chain council

By Josh Boak, Associated Press

Economy Sep 30

Empty shelves show a shortage of baby formula at a CVS store in San Antonio, Texas, U.S. May 10, 2022. Photo by Kaylee Greenlee Beal/REUTERS
U.S. outlines plan for long-term baby formula imports

The Friday announcement from the Food and Drug Administration aims to diversify the nation's highly concentrated formula industry and prevent future shortages.

By Matthew Perrone, Associated Press

Economy Aug 25

Volunteers place groceries in cars at food bank.
This New Orleans food bank opened to serve more people. Inflation is forcing organizers to turn dozens away

Inflation, supply chain issues, and rising gas prices impact food pantries across Louisiana. Some are now faced with imposing limits on grocery giveaways, turning people away, and even canceling food distribution.

By Roby Chavez

Economy Jul 29

FILE PHOTO: A person shops in a supermarket as inflation affected consumer prices in Manhattan, New York City
Watch 5:39
Manufacturers use ‘shrinkflation’ to pass costs on to consumers

With inflation at a 40-year high in the U.S., we are all spending more when we go to the store. But there is another dimension of inflation these days called "shrinkflation." Economics correspondent Paul Solman explains.

By Paul Solman, Diane Lincoln Estes

Politics Jul 23

Secretary of Transportation Pete Buttigieg testifies before House Committee in Washington
Watch 8:50
Pete Buttigieg discusses travel woes, supply chains, infrastructure and LGBTQ rights

Transportation Secretary Pete Buttigieg is being asked to help solve several major challenges, from a supply chain crisis to a summer of flight delays and cancellations. The former presidential candidate and mayor of South Bend, Indiana, also has the task…

By Geoff Bennett, Lorna Baldwin, Stephanie Kotuby, Winston Wilde

Jul 21

Trucker protest shuts down operations at busy California port

By Associated Press

Truckers protesting a state labor law have effectively shut down cargo operations at the Port of Oakland, one of then ten-busiest container ports in the country.

Continue reading

Jul 01

Chip shortage drives up vehicle prices, cuts sales

By Tom Krisher, Associated Press

U.S. new vehicle sales tumbled more than 21 percent in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry.

Continue reading

Jun 16

WATCH: Biden signs new shipping law he says will cut consumer costs

By Will Weissert, Associated Press

WASHINGTON (AP) — President Joe Biden signed legislation Thursday meant to make shipping goods across oceans cheaper — a move the White House says will help lower retailer costs that have remained high since the start of the coronavirus pandemic…

Continue reading

May 22

Baby formula delivery arrives in the U.S. from Germany

By Michael Conroy, Associated Press

The Biden administration — which has struggled to address a nationwide shortage of formula, particularly hypoallergenic varieties — has dubbed the effort “Operation Fly Formula.”…

Continue reading

May 19

The current baby formula shortage sheds light on longstanding weaknesses within the industry

By Kevin Ketels, The Conversation

The closure of a factory in Michigan is the incident that put new parents across the U.S. on edge, but the real causes for the shortage of baby formula are many years in the making.

Continue reading

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