Cost Set News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tonight, and he is coming off a summit with some of the people who were his strongest detractors during the campaign. Senior National Correspondent john roberts is outside trump tower again tonight. Good evening, john. Bret, good evening to you. It was the highest Profile Summit yet at trump tower, which is directly behind this bus behind me, and also the highest dollars. Donald trump played host to hightech billionaires, most of whom actively campaigned against him in the election. Well, i just want to thank everybody. Reporter it was a crowd that just weeks ago had been openly hostile to don...

Increase, due to disruptions in supply chain. we have a war going on in ukraine. we are still dealing with the effects of a pandemic. then, of course, something's happen that we have been waiting for four years. wages for average worker start lead to go up. households have more money to spend. there are all these factors that make it really easy for a company ceo to say, you know what? look at all the things going on in the market we can raise prices. there's a lot of evidence that corporate prices are up many percentage points. one estimate 8% or more from a year before. the question then bec...

Using an 8-inch floppy disk. >> where do you buy a floppy disk? i can't imagine what the price is now. and so that's the big threat is this slow, grinding, lower quality, higher cost set of services. >> reporter: the cost of caring for such ancient equipment is now so high the feds don't have much money left over for anything else. among the biggest spenders on i.t., hhs at $13 billion a year, dhs at more than $6 billion a year and the va at nearly $4.5 billion a year. >> the federal government spends almost $90 billion a year on information technology and almost 80% of that is spent on operat...

Using an 8-inch floppy disk. >> where do you buy a floppy disk? i can't imagine what the price is now. and so that's the big threat is this slow, grinding, lower quality, higher cost set of services. >> reporter: the cost of caring for such ancient equipment is now so high the feds don't have much money left over for anything else. among the biggest spenders on i.t., hhs at $13 billion a year, dhs at more than $6 billion a year and the va at nearly $4.5 billion a year. >> the federal government spends almost $90 billion a year on information technology and almost 80% of that is spent on operat...