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Top Biden Official: Sky-High Inflation Underscores That We Must Spend More!

Inflation

At a glance

  • The Bureau of Labor Statistics showed 9.1% year-over-year inflation increase on Wednesday
  • “I just want to underscore if there’s one thing to take away from this report it’s that there is more urgency now than ever in Congress moving to pass a bill to try to build more domestic semiconductors, to try to bring down the price of those goods,” National Economic Council Director Brian Deese said

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