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President Biden said the United States "has never seen anything like Putin’s tax on both food and gas," after the Labor Department announced Friday that inflation hit a new four-decade high in May. The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rent, rose 8.6% in May from a year ago. Prices jumped 1% in the one-month period from April. Those figures were both higher than the 8.3% headline figure and 0.7% monthly gain forecast by Refinitiv economists. The president, from the Port of Los Angeles...

President Joe Biden said Exxon made 'more money than God last year' as he attacked oil companies for not 'drilling' or paying taxes while gas prices are breaking records in a speech Thursday where he continued to blame 'Putin's price hike' on 41-year high inflation. Biden spoke at the Port of Los Angeles just hours after a report was released showing annual inflation in the US has jumped 8.6 percent, blowing past expectations and dashing any hopes that consumer price increases had peaked. 'Today's inflation report confirms what Americans already know — Putin's price hike is hitting America hard,' he...

In March, inflation jumped 8.5%, the biggest spike since 1981. Economic growth is expected to slow. Voters are expected to be angry. Yesterday, press secretary Jen Psaki warned, "We expect March CPI (consumer price index) headline inflation to be extraordinarily elevated due to Putin's price hike." Today, her future employer, NBC, reported: "Inflation hits 40-year high of 8.5 percent due to war in Ukraine, rent hikes." The Washington Post says much the same. President Joe Biden's senior adviser for communications at the National Economic Council, Jesse Lee, went even further, accusing those who blame Biden for inflation woes of being...

The White House confirmed Monday that gas prices in the United States would continue rising, even as President Joe Biden has offered few specific solutions to the problem. “In terms of how far, you know, we still believe it will continue to go up,” White House press secretary Jen Psaki told reporters when asked about the price of gas. She would not say if the White House had any estimation of how high prices could get, but tried to reassure Americans that Biden was working on the problem. “Obviously, what we’re trying to do is mitigate the impact,” Psaki said....

"Rep. Ro Khanna and Sen. Sheldon Whitehouse are pushing a bill they say will help bring relief from high gas prices to Americans – as energy industry critics argue it would do the exact opposite. The proposal, which comes as Russia's war on Ukraine delivers a shock to global energy prices, is called the 'Big Oil Windfall Profits Tax'."

He says his administration has nothing to do with it ---- President Biden on Monday said Russian President Vladimir Putin and the COVID-19 pandemic are to blame for record-high inflation in the United States and maintained that rising prices have "nothing to do" with his administration’s policies.

The Biden administration tapped teenage TikTok influencers last week to coordinate messaging on Russia’s invasion of Ukraine and blame Vladimir Putin for rising gas prices, according to a recording of a call between White House officials and the social media stars. Days later, Ellie Zeiler, and 18-year-old with more than 10 million followers on TikTok, posted a video in which she aimed to answer the question, "Why is gas so expensive?" "Why is gas so expensive, and why is the United States inflation rate at a four-time decade high?" she begins the video. "I had the opportunity to ask the...