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The House s Republican Study Committee
released a budget that lays out several measures to deal with inflation, a growing concern among economists after the latest federal data showed a
spike in consumer prices. Notably, the index for used cars and trucks rose 10%, the largest one-month increase since BLS began recording the data in 1953. Food and energy costs rose 0.9% in the month of April, prescription drugs rose 0.5%, and gasoline rose 1.4% during the same month. The energy cost index rose 25% in the previous 12 months.
Republicans on the committee say their plan would address concerns over inflation by balancing the budget within five years, thereby eliminating the need to monetize debt, a process where the federal government prints money to make payments on what it owes. The national debt has soared to more than $28 trillion and is expected to continue climbing under President Joe Biden s new spending plans.
When a group of 150 Republicans and independents issued its “A Call for American Renewal” manifesto, speculation abounded that it represented the first step toward creating a third party to
Rejecting the congressional commission to investigate the events of Jan. 6 an idea they once supported is only par for the course for men like Kevin McCarthy and Mitch McConnell; men whose party almost totally embraces Trump's bizarro-world lies in which the election was stolen from him and the Capitol rioters were just good-natured tourists.
Congressional Republicans are pushing the Biden administration for answers on the border crisis as illegal crossings surge under President Joe Biden's leadership.