President Biden on Tuesday hosted a White House celebration to mark the passage of the sweeping Inflation Reduction Act against an unhappy backdrop: a tumbling stock market that fell on the news that consumer prices rose in August. Biden, in remarks to a crowd of more than 1,000 people, called the bill the "single most important legislation passed in the Congress to combat inflation, and one of the most significant laws in our nation's history, in my view." "With this law, the American people won, and special interests lost," Biden declared. It was a jovial mood on the South Lawn, where lawmakers, activists and administration allies gathered and musician James Taylor performed before Biden took the stage. Taylor called it a "hopeful moment" in a break between songs and urged collaboration to fight climate change. But the party-like atmosphere masked the reality that Biden must still manage a precarious economy that threatens his positive message heading into the midterms. The consumer price index, a closely watched gauge of inflation, rose 0.1 percent in August after staying flat in July, according to data released Tuesday by the Labor Department. Economists expected the steady decline in gas prices throughout last month to lead to a 0.1 percent decline in monthly inflation, but prices for food, electricity and other products kept rising. Read more here |
|
|
Welcome to The Hill's Evening Report, catching you up on news from the afternoon and looking at the big stories likely to impact tomorrow. |
|
|
👨🏻🦳 Ken Starr, investigator behind Clinton impeachment, dies at 76 |
Ken Starr, a former U.S. solicitor general who headed the investigation into former President Clinton that ultimately led to his impeachment, died on Tuesday at the age of 76, his family announced.
|
|
|
🚫 Graham introduces nationwide 15-week abortion ban legislation |
Sen. Lindsey Graham (R-S.C.) on Tuesday introduced a bill that would ban abortions nationally after 15 weeks of pregnancy. The bill comes three months after the Supreme Court overturned Roe v. Wade and the constitutional right to an abortion and marks the most serious effort by Republicans in Congress to pass a nationwide abortion restriction. More from The Hill: |
|
|
👩🏽⚖️ Biden nominee fails to win confirmation as two Democrats miss vote |
President Biden's nominee to serve as the first Black woman judge on the 3rd Circuit Court of Appeals failed to win confirmation in the Senate Tuesday after two Democratic senators missed the vote: Sens. Maggie Hassan (N.H.) and Tammy Duckworth (Ill.). |
|
|
🎙 Four takeaways from the Twitter whistleblower hearing |
Former Twitter security chief Peiter "Mudge" Zatko testified before the Senate Judiciary Committee Tuesday alleging widespread security deficiencies at the social media platform, expanding on his bombshell whistleblower disclosure made public in reports last month. |
|
|
| Virtual Event Invitation: The Hill's Infrastructure Summit, Wednesday, Sept. 14 at 1 p.m. ET Improved, sustainable infrastructure means cleaner water, safer roads, enhanced connectivity and a modern future. New federal investment is raising hopes that America's crumbling infrastructure will get a new lease of life. How can we build next-generation infrastructure and what technology will be at the forefront of this transition? Infrastructure czar Mitch Landrieu, FEMA administrator Deanne Criswell, House Transportation and Infrastructure Committee Reps. Peter DeFazio (D-Ore.) and Sam Graves (R-Mo.), Amtrak CEO Stephen Gardner and more join The Hill to discuss the great rebuild. RSVP today. |
|
|
💦 EPA watchdog to probe Jackson water crisis |
The Environmental Protection Agency's (EPA) Office of Inspector General on Tuesday announced a probe into the recent water emergency in Jackson, Miss., that left tens of thousands of residents in the state capital without access to safe drinking water. |
|
|
🛤 Congress prepares to act on rail strike amid economic fears |
|
|
👩🏻🎓 GOP governors urge Biden to withdraw student loan forgiveness plan |
Twenty-two Republican governors, including Florida's Ron DeSantis and Texas' Greg Abbott, have sent a letter to President Biden opposing his plans to cancel student loan debt and telling him to withdraw it "immediately." |
|
|
🗳 Top election security official warns of election workforce problems |
Kim Wyman, the head of election security at the Cybersecurity and Infrastructure Security Agency, is warning against threats to election workers, which have forced many to quit their positions ahead of the midterms. |
|
|
📕 Navarro knocks top Trump staffers in new book |
Former Trump aide Peter Navarro disparaged the former president's top staffers and officials — from his "Motley Crue of Chiefs" to his "Cabinet of Clowns" — in his new book, The Daily Beast reported on Tuesday. |
|
|
🏛 Survey: Fewer than 1/2 of Americans can name government branches |
Americans' understanding of basic facts about the U.S. government declined for the first time in six years, as fewer than half in a new survey could name all three branches of government. |
|
|
As economic woes continue, Biden will struggle to make midterms a referendum on Trump | "As President Biden travels the country touting his economic successes and excoriating former President Trump, we prepare for the next debacle courtesy of this president: Biden's stagflation," writes Liz Peek. |
|
|
1625 K Street NW, 9th Floor, Washington, DC 20006 |
© 1998 - 2022 Nexstar Media Inc. | All Rights Reserved. |
|
|
|
If you believe this has been sent to you in error, please safely unsubscribe.
No comments:
Post a Comment