Surging inflation will cost millions of Americans more than $3,000 in additional expenses this year, according to a Penn Wharton University of Pennsylvania Budget Model (PWBM) analysis published on Wednesday.
The partisan House Jan. 6 select committee's investigation could backfire on President Joe Biden and Democrats in next year's midterms, according to the Washington Examiner.
US retail sales grew by 0.3% in November, down October’s growth of 1.7%, amid an inflation spike that has raised prices of all products, Commerce Department data showed on Wednesday.
Joe Biden has shattered a record most presidents never hope to approach: November marked a 9.6% year over year inflation rate for whole sale prices, the highest recorded in U.S. history.
In a preview of a special Christmas interview with former Arkansas Gov. Mike Huckabee, President Trump reminded Americans of their treasured Christian heritage which becomes the central focus around this time of year. “America loves Christmas,” said Trump to Huckabee.
Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.
