White House tries to get ahead of June inflation report that it expects to be elevated but 'out of date'
CNN
White House officials on Tuesday acknowledged June's Consumer Price Index report is expected to show elevated inflation but argue the figures included in the report don't reflect a recent drop in energy prices and are therefore "out of date."
National Economic Council director Brian Deese and Council of Economic Advisers chair Cecilia Rouse on Tuesday said in a memo shared with CNN that "market expectations are that headline CPI will be elevated in June" as Americans continue to grapple with high energy and food prices. But they argued the June CPI data would "largely not reflect the substantial declines in gas prices we've seen since the middle of June."
The officials echoed White House press secretary Karine Jean-Pierre, who said on Monday the June report would be "backwards-looking" and "out of date."
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
After nearly eight weeks of testimony, Massachusetts prosecutors and defense attorneys for Karen Read are presenting their closing arguments as her retrial for the death of her boyfriend, John O’Keefe, nears its end.
A federal appeals court on Friday rejected another attempt by President Donald Trump to review a $5 million judgment against him for sexually abusing and then defaming E. Jean Carroll.
Kilmar Abrego Garcia, the Salvadoran national mistakenly deported three months ago, has pleaded not guilty to federal human trafficking charges.
A federal judge in Massachusetts on Friday blocked part of President Donald Trump’s executive order that seeks to revamp how elections are run in the United States.
CNN’s 5 Things AM brings you the news you need to know every morning.
Flying home from his first visit to Paris as president, an awestruck Donald Trump told aides aboard Air Force One that the military parade he’d just witnessed was one of the most dazzling spectacles he’d ever seen.
As the Supreme Court bears down on the most contentious stretch of its annual session, the justices have been taking detours in opinions that reveal policy preferences and simmering grievances.
A bitter feud is escalating between Republican Sen. Rand Paul and Donald Trump’s top border official, injecting uncertainty into Congress’s attempt to pass the administration’s signature policy bill this month.
The fact that Israel struck Iran without any US involvement, and against the president’s publicly stated wishes, now thrusts Trump into one of the biggest tests of his young presidency.
President Donald Trump unlawfully federalized thousands of members of California’s National Guard and must return control of the troops to the state, a federal judge ruled Thursday.
Andrew Cuomo and Zohran Mamdani bitterly clashed over age and experience Thursday in the final debate before New York City’s Democratic mayoral primary, as Cuomo warned that electing the progressive state assemblyman is unprepared for the job and Mamdani hammered the former governor over scandals during his time in Albany.
On Wednesday, the Department of Homeland Security posted a striking graphic on its official X account. Uncle Sam, a symbol of American patriotism, is depicted nailing a poster to a wall that reads, “Help your country… and yourself.” Written underneath the poster is the sentence, “REPORT ALL FOREIGN INVADERS,” and the Immigration and Customs Enforcement hot line.
When the Trump Justice Department took the extraordinary step of arresting a local judge seven weeks ago, plenty feared what it could portend.