Page 3 - December 1981 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

los angeles. we'll watch for it and cover it if it happens. i'm harris faulkner and you are in "the faulkner focus". the inflation rate last month rose 8.6% from one year ago. the fastest pace since december 1981. that's up from 8.3% in april. it is hot. i told you, it's running hot. the energy sector hit hard. prices there for gas, heating, electricity have skyrocketed. prices of meat and eggs surging the double digits. the white house is ignoring the people it's supposed to serve and they know the power is in the hands of the voters. >> every item when i go food shopping is 20% mor...

uphill battle against ever-rising inflation. we're seeing the playbook is to try to turn around the perception of his performance. here's the problem. as record gas prices, the yellow line here goes up and up, his approval is a mirror image on the way down. here he is just moments ago with an upbeat message as he tries to convince the american people. >> the job market is the strongest it's been since world war ii. millions of americans are moving up to better jobs and better pay. since i took office, families carry less debt on average in america, they have more savings than they've...

was the number 1 song. "on golden pond" was the number 1 movie and "fantasy island" was one of the best tv shows. back then, inflation was out of control. fears that it's out of control all over again. nothing like the 20% mortgage rates we saw back then but not like the key players we had fighting that either. think about it. pole volcker aggressively hiking interest rates to stomping out inflation and ronald reagan cutting taxes to bring the economy back after that inflation. that was then. what the heck are we in for now? today, fox on top of americans just hunkering down. we have...

costs putin's putin price hike. as republicans point their fingers to the administration's policies, specifically. white house correspondent jacqui heinrich traveling with the president in los angeles. good evening, jacqui. >> the president left the ground of this summit to go to the port of los angeles to highlight his work, his progress, unsnarling supply chain with shipping containers. the problem it hasn't made a dent in inflation. >> another devastating inflation report stealing the spotlight from president biden hosting summit of the americas. consumer prices rose 8.6% in may f...

a possible reprieve on tariffs. united states presidentjoe biden says his administration could drop the trump—era tariffs on china. that comment from mr biden comes against the backdrop of surging inflation in the us. in remarks at the white house on tuesday, mr biden also blamed the rising cost of living on pandemic disruptions and the war in ukraine. our north america business correspondent michelle fleury has more. the latest inflation reading is due out this wednesday, economists predict it will show rising prices remain entrenched, for americans filling up this tank this will ...