In spring 2020, state and local governments were confronted with cascading costs in managing the public health response to the pandemic, spiking unemployment, and steep sales tax and user fee revenue declines resulting from business disruption and restrictions.
Americans’ wages have dropped by almost 3 percent under President Joe Biden’s high migration, big-spending policies, according to data presented by one of President Barack Obama’s top economists.
Wholesale inflation rose 11.2% annually in March, driven largely by an increase in the price of gasoline, the Bureau of Labor Statistics reported on Wednesday.
Amazon.com Inc. on Wednesday said it will impose an average 5% fuel and inflation surcharge on merchants to warehouse and ship their products in the United States, in response to rising costs.