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President Biden on Wednesday announced that the administration will take on so-called junk fees as a way to help bring down costs for Americans during high inflation. The Consumer Financial Protection Bureau is taking new steps to eliminate billions in banking fees, hidden charges and added fees on cable bills, airline tickets and hotel bookings. “Today my administration is announcing new actions to lower the costs of everyday living for American families, to put more money in the pockets of middle income and working class Americans, to hold big corporations accountable,” Biden said in remarks at the White House. The...

Majority of Americans blame Biden for surging inflation And 8 of 10 say the problem is their top issue this election A report from the Bureau of Labor Statistics on Thursday confirmed that inflation now is at 8.2%, higher than economists had predicted, and an assurance of pain for most American families whose incomes are not rising that quickly. It's the top election issue for 8 out of 10 voters, and a significant majority say the fault rests with Joe Biden. Washington Examiner columnist Paul Bedard cited a new Rasmussen Reports survey that said 60% of respondents say Biden is...

Signature legislation actually 'gooses' higher prices Joe Biden was partying over the Democrats' "Inflation Reduction Act" just as inflation was surging upward. In fact, according to a commentary at The Gatestone Institute by Daniel Greenfield, a Shillman Journalism Fellow at the David Horowitz Freedom Center, Biden's agenda, instead of lowering inflation, actually "gooses" it. "Biden threw a party to celebrate the Inflation Reduction Act on the White House South Lawn even as the latest figures showed that core inflation has continued to rise. Grocery prices had the steepest increase since 1979. Rent prices shot up again and medical costs are...

The price of food at home rose 1.3% from June to July, marking a 13.1% increase compared to last year. It was the largest price increase for groceries since 1979, according to the U.S. Bureau of Labor Statistics. Food, however, rose by 1.1% on the month and 10.9% this year. It was the seventh consecutive month where the price rose by 0.9% and above. Dining out rose by 0.7% in July on the month and 7.6% compared to last year. Among groceries, egg prices had the biggest increase. Their cost rose by 4.3% in the month of July, and 38%...

DOOCY: "Americans are now spending $5,000 a year on gasoline. That’s almost double what they did a year ago. Where are people supposed to go to get all that extra cash?"JEAN-PIERRE: "To get the extra cash to pay for gas?”DOOCY: “Yeah.”JEAN-PIERRE: “Well, I mean..." pic.twitter.com/KPzvhGxx78— Breaking911 (@Breaking911) May 18, 2022

If the Dow finishes down for the week, which it is solidly on pace to do, it would be its eighth-straight weekly loss. That would be the longest weekly losing streak since 1923, according to FactSet data reviewed by LPL Financial.The long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation – and what the Federal Reserve will have to do to get prices under control.

The bill for the COVID lockdowns, and the War — by which I mean of course the Biden regime's scorched-but-never-drilled-into-earth assault on energy production — and all the barrels of sewing machine oil for the government printing presses, is coming due. The bill states, among other things, that there has been and will be an 8.5% surcharge (basically a tax) on the cost of your basket of goods this year over last. But that's only if you are an "average" American. If you are a low-income person who spends a greater-than-average share of your paycheck on food, then the 20%...

BIDEN: "What people don't know is that 70% of the increase in inflation was the consequence of Putin's Price Hike." pic.twitter.com/oUsryQ3wk8— Breaking911 (@Breaking911) April 14, 2022

An oil and gas prices expert warned that California Gov. Gavin Newsom’s plan to give out free gas cards will drive up prices and inflation even higher. Newsom turned heads on Thursday when he announced his proposal for $400 gas rebate cards to be given to Golden State motorists to offset the skyrocketing gas prices. Patrick De Haan — who runs the gas price-monitoring service GasBuddy — was quick to express this concern, tweeting several times about how bad of an idea Newsom proposed

Since JokeBiden enjoys unity among Americans in face of Putin's invasion, overshadowing domestic burning issues where we are heaven and earth. Such as regarding increasing oil production, inflation, etc.

Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy. The Labor Department said Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.8% from January. The increases were in line with economists’ forecasts. Wholesale energy prices were up 33.8% over the past year and food prices 13.7%. The report did not include price changes after Feb. 15, missing a spike in energy prices when Russia invaded Ukraine nine days later.

Americans feel economic impact of crisis in Ukraine Consumer prices continue to soar on everyday necessities such as gas and food. Americans overwhelmingly support the White House's proposed ban on Russian oil, though they remain very critical of President Joe Biden's handling of the economy, in general, and inflation, in particular, according to a new ABC News/Ipsos poll. Over the past several months, Americans' wallets have been hit by skyrocketing inflation, and now, Biden is feeling that crunch in his approval numbers. Seventy percent of Americans disapprove of his handling of inflation.

President Joe Biden complained Friday he was “sick” of Americans blaming him for inflation instead of the coronavirus pandemic or Russian President Vladimir Putin. “I’m sick of this stuff… The American people think the reason for inflation is the government spending more money,” Biden said angrily. “Simply. Not. True.”

<p>WASHINGTON (AP) — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.</p><p>For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long. It would prove “transitory,’’ in the soothing words of Federal Reserve Chair Jerome Powell and White House officials, as the economy shifted from virus-related chaos to something closer to normalcy.</p>