Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025 Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly staying under 3% since mid-2024, CPI reached a three-year high of 4.2% in May – up from 2.4% in February. Month-over-month, CPI fell 0.8% in June, the largest one-month decrease since April 2020. Continue reading... from The Guardian https://ift.tt/eHywGU9 via IFTTT
House Democrats vow to vote no but Republican leaders optimistic legislation to reopen government will pass
The House on Wednesday began voting on legislation that would end the longest government shutdown in US history, as Democrats voiced fury that the Senate-brokered compromise fails to extend expiring healthcare subsidies.
The House returned to Washington to vote after a more than 50-day absence ordered by the Republican speaker, Mike Johnson, to pressure Senate Democrats into reopening the government.The measure’s passage would be welcome news for the White House, which is looking to end the shutdown.
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