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Surging inflation hurts low-income Americans the most, new study shows

American consumers are grappling with the highest inflation rate in more than three decades, and the surge in the price of everyday goods is disproportionately hurting low-income workers, according to a new analysis published Monday by the Joint Economic Committee Republicans.

California's average gas price hits new high

Prices in California, according to AAA, have been on an uphill swing, increasing from the $4.625 per gallon mark a week ago. About a month ago, prices were $4.466 per gallon, according to AAA. However, prices were hovering at $3.176 per gallon a year earlier.

What's in the $1.2T bipartisan infrastructure bill?

President Biden on Monday plans to sign the long-stalled $1.2 trillion infrastructure package into law, an integral part of his economic agenda and the largest investment in the nation's crumbling roads and bridges in decades.