Dollar Spending News Today

Down this morning off the coast of florida, ending a historic mission that included the worlds first allcivilian space walk. More on that the ahead. Welcome to Fox News live, im mike emanuel. Vice president harris joining president Biden Saturday Night in washington at a congressional black Caucus Event as new polling shows trump leads harris when asked who would be more likely to bring down price on everyday items. Harris facing criticism during her first Solo Interview as the democratic nomine...

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opposite of what transpired on the video. >> the memphis police chief warns the public ahead of todays release of body cam video in the death of tyre nichols calling her former officers actions inhumane. well have the latest. and also ahead, the latest from ukraine following more deadly russian strikes likely in retaliation after the u.s. and its allies announced they are sending tanks to support ukrainian forces. and that comes as president biden is considering a trip overseas to ma...

not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the -- you know what it feels like when you buy things. consumer prices are up substantially. fastest pace weve seen since 1981 back in reagan years. >> you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages arent rising at the pace of inflation. you look at a pay cut of 3.6%. >> if you cru...

what a crazy day in the markets and for the economy. just when we thought the inflation news couldnt get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. >> the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 ye...

huh? capital t for thing. hundreds of billions for climate change. deficit reduction and tax hikes. it could also turbocharge the i.r.s. more on that in a moment. >> dana: democrats named it the inflation reduction act. republicans say its laughable and not even bernie sanders is buying it. >> i want to take a moment to say a few words about the so-called inflation reduction act that we are debating this evening. i say so-called, by the way, because according to the cbo and other econo...

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Core services in particular, that stuff is actually picking up steam. so inflation is deeply embedded in the economy. i think the federal reserve has to raise their target rate at the end of this month by a full percentage point, 100 basis points. i think thats essential. i think they will have to come back in september and probably do another 75 or 100 basis points. inflation is out of control. i want to add just one last point to both of you, this is no time for a trillion dollar spending and ...

What is the latest, hillary? >> neil, democrats are still chugging along trying to pass a chunk of the presidents build back better agenda, that trillion dollar spending and deficit reduction package before the mid-terms. of course, republicans say that doing so would just make inflation worse. democrats today argue that it could lower some costs for americans on things like prescription drugs. even with inflation super high, its not making the white house shy about pushing for more spending on ...

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