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EXCLUSIVE: House Republican Leader Kevin McCarthy said Friday’s report showing inflation hitting a fresh 40-year record-high signals another “painful month” for Americans, while slamming Democrats for their economic record, calling it a “historic disaster.”

Former Reagan economic adviser Art Laffer provided insight into inflation and the May consumer price index which revealed the price for everyday goods rose 8.6%.

The May consumer price report, released on Friday, sheds light on whether inflation is peaking, or whether consumers will continue to face rising costs in coming months.

Rep. Kevin Hern, R-Okla., argued that the American people are feeling much higher price pressures than just 8% inflation on "Mornings with Maria."

The May inflation report is expected to show that consumer prices accelerated again last month, with soaring consumer prices continuing to inflict financial pain on most Americans.

The battery shortage is impacting the effort to transition US energy use from fossil fuels to so-called renewable energy sources that rely on storage

Sen. John Barrasso, R-Wyo., told FOX Business how Americans are impacted by the 40-year-high inflation rate under the Biden administration.

Fox News contributor Brian Brenberg discussed the president's appearance on "Jimmy Kimmel Live!" where he painted a positive picture of U.S. economic conditions.

The Biden administration is taking steps to contain voter outrage over surging inflation, but the initiative comes after critics say the White House misjudged the economic situation.

Former Labor Department economist Diana Furchtgott-Roth discussed her outlook for the economy and inflation, arguing that Biden's policies don't sustain growth.

FOX Business' Stuart Varney discusses the Democrats' desperation to cover the Jan. 6th riots, and what's more important to voters ahead of the midterms.

The Bear Traps Report founder told Maria Bartiromo that the marks on private equity and venture capital could potentially be off by $600 billion.

Rep. James Comer, R-Ky., discusses President Biden's energy policies and what the oversight committee is doing to combat record-high gas prices.

The White House is considering reductions in tariffs on Chinese imports as it seeks to tame the hottest inflation in four decades, Treasury Secretary Janet Yellen said.

The Federal Reserve Bank of Atlanta's closely watched GDP tracker shows that GDP growth likely cooled markedly in the spring, meaning the economy could easily tip into a recession.

Sen. Mike Braun, R-Ind., discusses record-high gas prices, saying the U.S. has unleashed a monster with inflation and that "most of it" is still ahead of us.

FOX Business host Larry Kudlow shreds the Biden administration's war on fossil fuels and explains why Americans are seeing high gasoline prices on 'Kudlow.'

Big Tech is calling on the Biden administration to adopt "more robust aging out policies" to keep more than 200,000 children of visa holders' in the United States.

House Energy and Commerce Republicans pointed to NERC's recent assessment warning of potential outages this summer and probed the administration on their plan to address the problem.

Sanctions rolled out by Russia this week are targeting Biden administration officials and key U.S. business figures as the war in Ukraine continues