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You are paying 10,000 dollars, someone on medicare on your prescription drugs youre going to save $8000 under the ira. these measures are in effect republicans say they want to take them away. if you are paying hundreds of dollars on insulin per month and now you get to pay $35 starting in january, they want to take that away. that to me is a recipe for more inflation, higher costs not easing the pressures that you just took us through. shannon: ils steve scalise the congressman is going to be w...

You are paying 10,000 dollars, someone on medicare on your prescription drugs youre going to save $8000 under the ira. these measures are in effect republicans say they want to take them away. if you are paying hundreds of dollars on insulin per month and now you get to pay $35 starting in january, they want to take that away. that to me is a recipe for more inflation, higher costs not easing the pressures that you just took us through. shannon: ils steve scalise the congressman is going to be w...

Just averaged 6.92, the highest since april of 2002. a year ago you could get a 30-year fixed-rate mortgage for just 3.05%. what do you think the chances are that they will go above 8%? where do you see them peaking? >> i think that we are testing the 7% mark. it is most likely to hold at this level and possibly even retreat somewhat after holding, but if it breaks the 7% line, the mortgage rate looks to go up even above 8%. we have to remember, when inflation is this high, last time back in the...

>> reporter: she said inflation is at unacceptably high levels but this is a global problem. that families around the world are dealing with the high cost of living right now. listen to this clip from the treasury secretary. >> we currently face macro economic challenges, including unacceptable levels of inflation, as well as the head winds associated with the disruptions caused by the pandemics effect on supply chains and the effects of supply side disturbances to oil and food markets, resultin...

$4.82 a gallon nationwide compared to just 3.05 one year ago. gas at one station in northern california is nearing $10 a gallon. joining me now is the vice president at the u.s. association for emergency economics. good evening to you. once we hit memorial day, gas prices start to g down. do you think we will see good evening, it is good to be with you today. think the outcome is for prices to move higher for the summer. i hate to be the bear of bad news and spoil people at the weekends, if an...

Seen as -- theyre bogged down on this issue. you have israel and arab allies in the region who have never been enthusiastic about this arrangement who are pushing the white house. this is a really difficult situation. of course pretty soon there will be talk about the need for military action if it gets to that point. i think well hear that from israel and other kr but iran is getting too close to having the bomb. >> dan, thank you very much. one year ago today the average cost of a gallon of un...

Still breaking records on this final day of may, gas prices and the housing market. >> matt egan is here. walk us through these record breakers. >> a year ago, you could have bought a gallon of gas for $3.05. theres seven states where the average is now at $5 a gallon or higher. the latest being illinois. new york and arizona are not far behind. listen, we know the story here. demand is strong. supply is not. its actually 30% more expensive to fill up your tank today than it was the day before r...

Set off these global shock waves in energy markets. thats why weve seen the national average hit $4.62 nationally according to aaa. thats up 44 cents in just the past month. for context, the average was $3.05 a gallon last memorial day. even if you adjust for inflation, this is the highest gas price that weve seen in memorial day weekend in a decade. that is despite the fact that president biden has released emergency oil from the strategic petroleum reserve. more than anyone has ever released b...

Trucking in phoenix, frank and sharla, good morning to you both. if you look at national average diesel prices, the current price $5.13. a year ago, it was just $3.05. how are prices affecting your business? >> they are really affecting our business, just putting a toll on us and our business and if this continues for the next months, i dont know what well do. >> carley: this is such a huge concern, sharla, your weekly average gas bill went from 6300, next week $6900 and jumped $1000 higher than...

Bit of a bob barker thing and go down the line starting with pretty much everything you need to make a pie including frozen pie cuft. up 20% from last year. veggie tray, 82 cents is what it will cost you up 12% from a year ago. we have our sweet potato casserole. nice browned marshmallows on top. three pounds of sweet potatoes, its up 4 percent from the year ago. dinner rolls, 3.05 is the cost up a whopping 15% from a year ago. so you name the item, benjamin, just about everything is going to co...