Inflation

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Sen. John Barrasso, R-Wyo., warned on Sunday that inflation will continue to rise and taxes will increase because of President Biden’s spending plan, arguing that “people's paychecks are not keeping up.”

Hourly wages have soared in recent months, driven by an unusually tight labor market that's empowered workers to demand higher pay from companies that are desperate to fill open jobs.

FOX Business host Larry Kudlow continues his mantra of "Save America, kill the bill" but pointing to two important economic figures released on Friday,

American households are grappling with the fastest price increases in nearly four decades, with the cost of everything from cars to gasoline to food soaring in November, the Labor Department reported Friday.

President Biden's sprawling social spending and climate plan could increase the federal budget deficit by $3 trillion over the next decade if the programs included in the spending bill are made permanent, according to a new Congressional Budget Office analysis released Friday.

Republican reaction came quickly to Friday morning’s news that last month inflation surged at its fastest pace in nearly four decades.

Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from groceries to cars to gasoline, solidifying hot inflation as a key trait of the economic recovery.

The latest measure of inflation is projected to show another eye-popping figure as the price of everyday consumer goods soared higher in November.

National Economic Council Director Brian Deese dodged a reporter's question about inflation, instead opting to tout the economic recovery from the pandemic