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Inflation Spike Adds Stress To Biden's Economic Plans


Inflation Spike Adds Stress To Biden s Economic Plans
By Chris Stein
05/12/21 AT 12:24 PM
A larger-than-expected spike in inflation is the latest headache for US President Joe Biden and his bid to use massive government spending to both revitalize and reshape the world s largest economy.
The Labor Department on Wednesday reported consumer prices were 4.2 percent higher last month than in April 2020, their biggest year-on-year increase since 2008 as the United States bounced back from the Covid-19 pandemic.
Washington policymakers had expected inflation to surge as the economy reopens following last year s business restrictions to stop the virus, and the White House Council of Economic Advisers cast the spike as a predictable part of the recovery. ....

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SC reports 182 new COVID-19 cases, 4 deaths Wednesday


SC reports 182 new COVID-19 cases, 4 deaths Wednesday
Everyone over the age of 16 in South Carolinians is currently eligible to get a COVID-19 vaccine. (Source: WIS)
By WIS News 10 Staff | May 12, 2021 at 3:07 PM EDT - Updated May 12 at 3:07 PM
COLUMBIA, S.C. (WIS) - The South Carolina Department of Health and Environmental Control (DHEC) announced 182 new confirmed cases of COVID-19 and 4 new confirmed deaths Wednesday, May 12. This information is accurate as of May 10.
Today’s report brings the total number of people with confirmed cases since the outbreak began to 486,537 and confirmed deaths to 8,453.
Of the 4 deaths reported, one was a middle-aged person (ages 35 to 64), and three were elderly (65 and older). ....

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