Page 23 - Supply Chain Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Better bill? >> i don't know the answer to that. i'm going to be talking to them at the beginning of the week. and i think if you look at what most people are saying, most of the economists are saying, this build back better bill is not going to increase inflation, it will diminish inflation. it has a negative impact on inflation. it doesn't raise inflation. but that's hard for people to think about right now, because inflation is up and there's a direct correlation in most people's minds, why is there inflation, well, government's spending money. that's not the reason for the inflation. the r...

Direct correlation, why is inflation, well the government is spending money. that is not the reason for the inflation. the reason for the inflation is that we have a supply chain problem that is really severe and it is causing a significant increase in prices, in things that in fact are hard to get access to. because at the bottom, the bottom of it all, is covid. >> with us now are cnn business reporter matt egan and white house correspondent phil mattingly. matt, let's start with you and put these numbers into context for us. >> well, we were bracing for an ugly report. and that is exactly wh...

Supply chain problem is not as bad is we think it is. >> kennedy: ports are top of mind of people. the good news, actually i thought this was interesting today joe manchin put out he carries around a card of the administration accomplishments, joe manchin who i find relentlessly negative actually with the democratic caucus walked around and talked about the covid relief act, talked bipartisan infrastructure act. people need money and they like money and republicans love money more than democrats do. >> jesse: go ahead. >> kennedy: they clearly know there is a problem and there two things today...

But it is a global supply chain problem, and even if you're talking about our ports, here's a big problem. we have antiquated infrastructure at our ports. they barely have any technology. all of it has been under invested in this country for years, so you could make investments now and you won't see results for years and years. how difficult a position does this put this administration when the world's saying what are you going to do about the supply chain? >> impossible, steph. it's impossible for this administration and leaders in congress. we're going to get into an election year, and we're...

>> dolls and choo choo trains. dolls are number one. brian: how is santa handling the supply chain problem. >> santa has no supply chain problems. elves working night and day no issue for santa. steve: i have seen the movie bernard is working hard at the north poll. pole.>> santa like a thousand y. go to every home' is a and see every i had cannenned a greatest joy you can ever have ho ho ho. steve: website or anything. >> santa.com. brian: you thinner than ever. i'm convinced everyone is going to get what they want. >> everyone will get what they want this year. as long as you have been good ...