welcome to fox news live i am arthel neville eric sean is off today but we have two other stories were following at this hour. thousands of protesters gathering at the nation s capitol and across the country to push for gun control laws after the rash of recent mass shootings. president biden signing a joint declaration with central and latin america nations to take on the migrant crisis as the search continues at the southern border we have live box team coverage coast-to-coast. bill melugin is in texas, alexandria hawk is in washington from march our lives rally. at alexis make out as the new york city on the soaring gas prices. first we are starting with lucas donaldson but he is life at the white house, hey lucas ricketts hey arthel after the labor department issued the scathing report on inflation saying it s getting worse not better moments ago in los angeles before departing for new mexico president biden continued to blame russian president vladimir putin for the sk
they ve been borrowing and spending money we did not have not with inflation 8.6% the highest it has been since december of 1981 and core inflation at 6%. so what you need to do. arthel: before you go on, hey jon, hang on for second or so we can file you along the way you said we are spending more money than we have more than we need to what you re talking about there so we know what you are referencing? i m talking up a six and half trillion dollars that were spent during covid for example 1.9 trillion that was spent during the first parts of the biden ministration that is money we do not have. that is money chasing fewer and fewer goods while we are raising costs on energy. energy just is not paying at the pump, arthel energy goes into everything we make from meat to metal not just transporting up but processing and as well. not to mention plastics and packaging birds of energy is involved in everything we do. when you reduce the amount of
energy and dis- incentivize production costs are going to go up. while at the summit of the americans in los angeles president biden chastised the oil industry he gave a special shout out to the largest u.s. oil producer that is exxon mobil corporation as you know basically saying listen while we are paying at the pump, they are pumping up their profits and then president biden said u.s. oil companies are using higher profits to buy back stock, not to drill more oil. in fact here s a quote for you imparts, president biden said exxon made more money than god this year. why aren t they drilling? because they make more money not producing oil exxon pushes back on the state s thing of course it has continued to increase output. if we take a look at this reuters report i was reading earlier this is from yesterday it says quote exxon posted its biggest quarterly profit in seven years when it reported fourth-quarter earnings in
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