not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f
get inflation under control. treasurer secretary yellen says bringing prices down is top priority for this administration but the plan forward to ease the economic pain is not clear. rich. good evening. good evening bill. more government data showing the same worrying trend higher prices throughout the economy at levels not seen in four decades. today s labor department report is blamed on one sector of the economy as democrats and republicans assign their own blame. for second straight day labor department report shows significant inflation throughout the economy, the producer price index measures the cost of goods and services at wholesale level before they reach consumers many those prices were 11.3 percent higher in june, the fastest increase since 1981. we are taking our own steps that we believe will be responsive in the short term to get inflation down. the labor department says nearly 90 percent of its annual increase is from inflation and oil, gas, showing infl
earlier to discuss the findings before releasing the report. we will bring it to you when it begins. i m eric shawn. arthel: i m arthel neville. today s report comes days after the release of surveillance video from inside rob elementary school on the day of the shooting. we want to warn you that you may find this video disturbing. the video was obtained by the austin american statesman and [inaudible] tv and was edited into a shorter clip with some of the audio removed. it shows several officers standing in one of the school s hallways with while the shooter was still inside the building. it took 73 minutes to finally confront the shooter. today s report finds that nearly 400 officers were at the school. most of them state and federal law enforcement. senior correspondent casey steagall is live in uvalde with more. casey? yeah, arthel, as we speak, the victims families are still in that meeting with the state investigative committee here in uvalde. they are going over e
department tonight with the latest. good evening. discussions are underway this evening over potential testimony involving the secret service agent mentioned during yesterday s explosive testimony. fox news has learned those agents are prepared to testify, what the key witness said in part was not true. the whole truth and nothing but the truth. former white house aide cassidy hutchinson said he was down by tony or not to come out of secret service official that president trump, in a fit of rage, lunged towards a secret service agent and try to grab the steering wheel of the presidential suv on january 6, 2021. 2021. agent bobby angle and an unknown driver were in the suv with the president. president trump used his free hand. when he recounted the story to me, he motioned. he denies her story about the suv. he was not in the vehicle, meaning hutchinson s story on second-hand, which she does not refute. the store sells orenado and the suv driver are willing to testi