the illegal server taking the fifth, i think it s disgraceful. have you seen what is going on in front of congress? fifth amendment, fifth amendment, fifth amendment. horrible. horrible! the lawyers are deposing trump in a civil investigation by the new york attorney general. she s looking into the donald trump organization s allegedly misleading of lenders and insurers and tax authorities by providing inaccurate financial statements. add this to the list of legal troubles facing the former president. including a probe of documents. monday s search has his supporters urging him to move up the announcement of the 2024 run. cnn has the latest on the deposition from outside the new york attorney general s office. what is the president saying about why he took the fifth? reporter: well, victor, as you have played in the montage, you can see it s a different tune today that the former president saying he s not answering questions and asserting his fifth amendment right. in a l
deciding their vote. with numbers like that in mind, republican lawmakers are ramping up their attacks on biden s handling of the economy. has no idea how to deal with inflation, has no plan to deal with inflation. all he does is blame everybody else, including putin, for his inflation. even some democratic lawmakers are now urging the biden administration to do more. i support everything the president is doing, but i don t think it s enough. my constituents don t think it s enough. white house aides pushing back on accusations that the president isn t doing everything he can to lower prices. president biden gets up every day and goes to bed every night thinking about what can we do to get a lid on inflation. now, jake, today officials here at the white house are also noting that this is not just a united states problem. it s a global challenge when it comes to higher prices, higher gas prices. of course, they said they don t have anything to announce when it come
today s report on inflation shows the good news is that inflation in america is continuing to come down. it has fallen seven straight months with more to go. food prices at the grocery store are coming down. gas prices are down $1.60 since their peak. joining us is the chief economist with moodies analytics. is the president right to highlight, listen, on the one hand inflation is still stubbornly high. on the other hand and perhaps more importantly it continues to decline? yeah, that s right. inflation is still painfully high. the typical american household spends about $400 more a month to buy the same goods and services they did last year because of high inflation. that is painful for the typical household. it is coming down. go back to last summer when inflation peaked the same household would shell out well over $500 more a month to buy the same goods and services. we are moving in the right
pete, thank you so much, reporting from cincinnati. and joining me now to discuss more is mark zandi, the chief economist for moodies analytics. thank you for joining me, mark. did you hear anything from president biden today that makes you think that he has a plan that actually will work in the short term to tackle inflation? well, i think he s got limited tools, dana. you know, he talked about the strategic petroleum reserve and the release, and that s been helpful. i don t think it s brought down oil or gas prices but limiting increases in oil and gas prices. talked about lowering tariffs on china, and that might have some benefit, at least on the margin. but he s very limited in what he can do. at the end of the day, this high inflation we re suffering from is the result of the pandemic and the impact on global supply chains. you can see that now going on in china and the shutdowns there, and the russian invasion of ukraine, which is scrambling oil
than a million americans out of the labor force as the country deals with a labor shortage. i think it is entirely plausible. this is chief economist of moodies analytics and says the doctor s estimate makes sense. long covid is increasingly a significant head wind to the labor market getting back to normal, for businesses to get business operations up and running and for the broader economy to kick into high gear. could this be an over estimate? absolutely. it also could be an under estimate. most of the long haulers they are studying have well paying jobs and good insurance. my fear is there are individuals who are suffering severely from this condition but simply can t take time off of work to go get care. reporter: jennifer hobbs is a preschool teacher in medford, oregon who suffered long haul symptoms for a year from severe fatigue to hair loss. i ve had a headache every day for a year. reporter: she returned to the classroom needing the income and