- Official data shows US prices 7.5% higher than a year ago
- ‘Severe economic pain’: Manchin decries government spending
- Sign up to receive First Thing – our daily briefing by email
Joe Biden acknowledged that rising prices in the US are having a significant impact on families’ budgets, even as the American economy more broadly continues to recover from the effect of the coronavirus pandemic.
“On higher prices, we have been using every tool at our disposal, and while today is a reminder that Americans’ budgets are being stretched in ways that create real stress at the kitchen table, there are also signs that we will make it through this challenge,” Biden said in a new statement.
Continue reading...