The White House denied accusations made by billionaire Jeff Bezos in which he claimed President Joe Biden is misleading the public over gas prices. On Monday, Press Secretary Karine Jean-Pierre dismissed this claim that the administration’s handling of inflation is either “misdirection or deep misunderstanding of basic market dynamics.”
President Joe Biden has claimed despite problems facing the country, he’s optimistic about its future. However, he said nothing is guaranteed about democracy or the American way of life.
Texas Rep. Ronny Jackson (R) urged President Joe Biden to take immediate action to solve the inflation crisis. During an interview on Monday, the former physician to the last three presidents called on Biden to “stop playing the blame game when it comes to his economic mistakes.”
President Joe Biden reaffirmed America’s commitment to help Ukraine combat Russia’s invasion. He pledged another $800 million in security assistance to Ukraine.
The GOP leader of the House Oversight and Investigations Committee, Rep. James Comer said potential corruption by the Biden administration will be the focus of his investigations if the GOP flips the House in November. One America’s John Hines has more from Washington.
The leading measure of US home prices, the S&P Corelogic Case-Shiller Index, came out with its new report. It shows home price increases slowed down in April for the first time in a while. Debbie Bloyd of Money Strategies joined Alicia Summers to explain what the latest data means to you.
Federal Reserve Chairman Jerome Powell sent an alarming message about the state of the US economy on President Joe Biden’s watch. He admitted there’s no guarantee for so-called “soft landing” and a recession is possible.
While midterms are around the corner, President Joe Biden’s latest approval ratings reveal how unpopular he is among Americans. In a new CBS poll, Biden received a 66 percent disapproval rating over his handling of the economy while 71 percent of respondents said they disapprove of Biden’s handling of inflation.
World Bank President David Malpass said the global economy will significantly slow down due to high inflation, which will cause political problems in a number of countries. In an interview Sunday, Malpass said the US and it’s allies need to increase production of goods and services, while keeping their economies open and not restrict international trade.