Is the stimulus to blame for high inflation?
Ahead of the midterm elections, Republicans have blamed the Biden administration for the fastest inflation in four decades, arguing that the $1.9 trillion American Rescue Plan has been one of the major drivers. In September, inflation climbed 8.2 percent compared to a year ago and 0.4 percent from the month before, according to a Consumer Price Index report published on Thursday. After Thursday’s release, Rep. Jason Smith, the top Republican on the House Budget Committee, pointed to the American... Читать дальше...