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Biden tackles inflation concerns as he touts wins on infrastructure
CNN
President Joe Biden on Wednesday hit back against inflation concerns and took a victory lap for his recent Senate wins, citing a series of economic reports released in recent days that he says show his plans for the American economy are working.
The President also outlined a number of new steps his administration is taking to lower consumer costs, like groceries and oil. In a speech from the East Room of the White House, Biden touted a new report from the Bureau of Labor Statistics that showed the consumer price inflation slowed during July, though it remained elevated. Stripping out more volatile food and energy items, consumer prices rose 4.3% in the 12 months ended in July, slightly below the June's rise. Overall, prices rose 5.4% over the period, flat compared with June, the Bureau of Labor Statistics reported Wednesday. The report came days after a positive jobs report showed the economy added 943,000 jobs during the month of July.
The retired Air Force general announced as the next chairman of the Joint Chiefs of Staff by President Donald Trump after the abrupt Friday night firing of his predecessor is a respected career F-16 pilot who is described by current and former officials who served with him as a professional with a “strong moral center.”
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Over the past 10 days, Vice President JD Vance put Ukrainian President Volodymyr Zelensky on notice, rattled the confidence of century-old allies in Western Europe during his first foreign trip, decamped to Capitol Hill to help in delicate budget talks and delivered a spirited defense of the Trump administration’s first month to a gathering of conservatives outside the nation’s capital.