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Tag: prices

Kamala Harris admits food prices have surged under Biden 

Vice President Kamala Harris acknowledged to a small crowd of supporters on Friday that food prices are “too high” under President Biden. “We all know that supply chains were shut down and crippled during the pandemic, causing prices to rise. But while supply chains are improving now, prices remain too high,” the 59-year-old Democratic presidential […]

Kroger to slash grocery prices by $1B after Albertsons acquisition

Grocery giant Kroger has pledged to slash prices at Albertsons stores by $1 billion following a proposed takeover of rival chain Albertsons, but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to rattle U.S. politics. Kroger is upping the ante on the $25 billion megadeal after promising to […]

Harris says price gouging is to blame for high prices. Is she right?

Former Treasury Assistant Secretary for Economic Policy Michael Vogtunder says nothing has changed that would ease inflationary pressures on Kudlow. vice president Kamala Harris He is set to unveil the first federal price-fixing plan for businesses as part of a comprehensive effort aimed at reducing food prices and other everyday expenses. “There is a big […]

Oil Prices on Course for a Weekly Gain as Economic Optimism Returns – OilPrice.com

Crude oil prices are on track to post a weekly gain early today as optimism returned to the oil market following several better-than-expected reports on the US economy. One of them was a report of retail sales in July, which rose 1% compared to the expected 0.3% increase, Reuters reported. ReportedThe increase was more notable […]

What's the difference between Trump, Biden actions on insulin prices?

Former President Trump has argued that he, not President Biden or Vice President Harris, is responsible for capping insulin prices at $35 a month. The Trump administration implemented a temporary program that allowed some Medicare drug plans to voluntarily cap insulin costs. Inflation Control Law President Biden signed the IRA bill, banning fees of more […]

Republicans, Economist slam Harris plan to lower food prices: ‘Economic lunacy’

Vice President Kamala Harris’ plan to give the federal government broad powers to control food and grocery prices was roundly criticized Thursday by Republican lawmakers and economists, who called it “big government on steroids” and “economic madness.” The 59-year-old Democratic presidential nominee’s economic platform calls for “the first federal ban on price gouging on food […]