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be more we re going to have to talk about as well. first, i want to be crystal clear about the problem. there are two leading causes of inflation we re seeing today. the first cause of inflation is a once in a century pandemic. not only did it shut down our global economy. it threw the supply chain and economy out of whack. especially were more recovery responses weren t available. especially in the areas that rely on semi conductors. the supply challenges have been hampered by the onset of delta and omicron viruses. and you ve all seen it. you ve all felt it. and this year we have a second cause. a second cause. mr. putin s war in ukraine. you saw we saw in march that 60% of inflation that month was due to price increases at the pump for gasoline. putin s war has raised food prices as well because ukraine and russia, two of the world s major bread baskets for wheat and corn are essentially completely stalled. ukraine has 20 million tons of grain in storage and silos ....
mafia connections. welcome to the lead. i m dana bash in for jake tapper. we start with our money lead and a rough day for the american economy and your wallets. gas prices hit a new record today, with the national average for one gallon reaching $4.37, according to aaa. that s up 17 cents in one week and 25 cents in a month. to make things worse, u.s. treasury secretary janet yellen was on capitol hill today where she warned this economic turbulence will continue. at the white house, president biden acknowledged americans are facing high sky-high inflation, although he tried to reassure the public, his administration is doing everything it can to bring prices down. but the president also did not lay out any new steps he plans to take, instead, spending a large part of his speech attacking republicans for what he calls their ultra maga agenda to raise taxes. mj lee starts off our coverage today from the white house. number one challenge facing families today. ....
domestic priority right now. he knows the pains that americans are feeling because of it, but the big question, of course, is what president biden is going to do about it. that s where the challenge comes in for the white house. the president today leaning on the federal reserve, saying he does agree with them that inflation is the number one economic priority here in the united states. and you ve seen interest rates on the rise, potentially more of those rises to come in the coming months. when it comes to what president biden is going to do, he talked about the federal reserve s actions and his domestic agenda which we should note is stalled right now on capitol hill. and he also talked about telling companies not to price gouge, but there are still big questions about other steps he could take that he has not taken so far. you did hear him at the end of the remarks say that they are discussing whether to remove the trump era tariffs on chinese goods. that is somethin ....
hypocritically spending every waking moment of every day obsessively condemning the riot on january 6th. and of course, ignoring the core issue of why nancy pelosi and mayor muriel bowser failed to make use of the up to 20,000 national guard troops that donald trump had authorized as required by law two days prior to keep the peace. as also requested by the capitol police chief repeatedly. democrats are now reversing course once again and they are supporting acts of political violence. as we speak, for a loved are trying to harass and intimidate u.s. supreme court justices and coerce them into saving roe v. wade. it is a disgusting, despicable attempt to destroy the independence of our nations judiciary. and the silence and the task approval from the biden administration and joe biden and democrats frankly, that is equally repulsive. this week justice alito and his family were forced to flee their home after writers don t like rioters a publisher s address and made plan ....
yeah, and wolf, the ukrainians say it was seven missiles that hit an american sized mall, one of the biggest in southern ukraine. one person was killed but there almost surely would have been more if it weren t for the citywide curfew that kept the mall closed yesterday. also two hotels were hit. one owned by a pro-russian businessman, though it s not clear why or if it was the intended target. russia s bombing campaign in odesa comes just as the ukrainians make some progress in taking back territory around kharkiv. new drone video shows the moment a russian tank is destroyed just outside a village east of kharkiv. it s not clear when the video was taken, but it s an area where ukraine is launching a counteroffensive to retake occupied land. at the top of the frame is what s left of an evacuation convoy of civilians attempting to reach ukrainian held territory. video posted to social media on friday shows the convoy was fired on. cars are riddled with bullet holes. st ....