The Latest Breaking News from Inflation

Manchin opens door to climate spending after July inflation numbers

The West Virginia senator said he is ready to move on prescription drug reform this month.

Axios · Jul 15, 2022

Costco's $1.50 hot dog deal has defied inflation. Fans say it isn't what it used to be

Fans of Costco's hot dog combo can rest assured that the price won't increase anytime soon, as CEO Craig Jelinek told CNBC on Monday.

Tribune News Service · Jul 15, 2022

Eyes on inflation impact as Ocado to report results

‘Building new customer fulfilment centres isn’t cheap’

The Independent UK · Jul 15, 2022

Workers should demand higher wages and not pay the price of inflation, claims union boss

Sharon Graham, the general secretary of Unite, warned that tens of thousands of workers could join industrial action.

Daily Record · Jul 15, 2022

Liz Truss makes multibillion-pound pledges for Tory leadership in Zoom hustings

The Foreign Secretary vowed to axe the corporation tax hike, which would cost around £16 billion per year.

The Independent UK · Jul 15, 2022

Odds of US recession within next year near 50%, survey shows

Odds are now close to even that the U.S. economy will slip into a recession within the next year as persistent and rapid inflation emboldens the Federal Reserve to pursue larger interest-rate hikes.

Tribune News Service · Jul 15, 2022

Did Joe Manchin Just Sink Biden's 'Build Back Better' Plan Again?

Plus: Why government responses to risk can create more harm than good, why Denver will no longer block illegal immigrants from starting businesses, and more...

Reason · Jul 15, 2022

Conservative leadership election: why tax cuts are an economic gamble

Always keen to be identified as the party of low taxation, the Conservatives won the 2019 general election on a promise not to raise income tax, VAT or national insurance. So last year’s national insurance increase was bound to rankle, even though it could feasibly be blamed on the huge…

The Conversation · Jul 15, 2022

Biden pledges executive action after Joe Manchin scuppers climate agenda

West Virginia senator refuses to support funding for climate crisis and says he will not back tax raises for wealthy Americans

The Guardian - US · Jul 15, 2022

Manchin upends effort for a downsized 'Build Back Better’

WASHINGTON — West Virginia Democrat Joe Manchin III is yet again upending his party’s priority economic package, jettisoning climate measures and tax increases he previously favored and leaving only provisions focused on lowering health care costs.

Tribune News Service · Jul 15, 2022