
What is stagflation, and should we be worrying about it?
CBSN
The steepest inflation in decades and severe product shortages have evoked comparisons to the economic doldrums faced by the U.S. in the 1970s. The echoes are reviving concerns about "stagflation," a term coined during that earlier period that has become synonymous with double-digit price increases, job losses and images of motorists queueing for gasoline.
"The danger of stagflation is considerable today," the World Bank warned this week. "Several years of above-average inflation and below-average growth are now likely." Here's what to know about stagflation and the potential risk it poses to the American economy.

There have been 27 major disaster declarations issued by President Trump so far in 2025. The disasters range in size and scope, from the L.A. wildfires to Midwest tornadoes and the Texas flooding as well as several winter storms. Many of them have resulted infatalities and billions of dollars in damage to property and businesses, but one major deadly weather event that occurred in June hasn't been declared: an extreme heat wave.