U.S. inflation hits 4.2% in May as gas and shelter push costs higher
U.S. inflation accelerated in May, with the CPI up 4.2% year over year as gasoline and shelter kept pressure on commuting and household budgets.
U.S. inflation accelerated in May, with the CPI up 4.2% year over year as gasoline and shelter kept pressure on commuting and household budgets.
Section 702 faces a June 12 lapse unless Congress acts, as Trump backs Bill Pulte and the House weighs a short-term fix to keep the program running.
May inflation rose 4.2% from a year earlier as gasoline stayed expensive, consumers kept spending, and households had little savings cushion.
Recalled soft cheese tied to a multistate Listeria outbreak has sickened 8 people, hospitalized 7 and killed 1 in Maryland as officials investigate.
Target recalled two Up & Up baby wipe lines nationwide after FDA testing found bacteria in samples, with infants and immunocompromised users most at risk.
Treasury’s June 2 and June 5 sanctions hit Iran crypto exchanges and an LPG-smuggling network, raising compliance risk for U.S. banks and trade firms.
The House passed a Ukraine aid and sanctions bill on June 4, and the Senate now decides whether to move, amend, or slow the measure.
The Supreme Court said the FCC can keep issuing forfeiture orders without a jury in telecom privacy cases, preserving a key consumer-enforcement tool.
United States Evening Safety and Weather Update – A slow-moving storm system is keeping flash-flood watches active in parts of the Plains and Midwest tonight.
The Senate passed the Secure America Act 52-47 on June 5. The bill would fund ICE and CBP through 2029, but it still needs House action.
FDA says specific Omnipod lots may underdeliver insulin. Users should check lot numbers, stop using affected pods, and request free replacements.
Employers added 172,000 jobs in May and unemployment held at 4.3%, signaling a steady labor market and little immediate relief on borrowing costs.
USTR proposed new tariffs after a forced-labor review of 60 economies, starting a July comment period that could affect prices if finalized.
The Supreme Court’s stay keeps Alabama’s 2023 congressional map in place for now and leaves Aug. 11 special primaries on track in four districts.
April job openings rose even as hiring slowed, while the Fed said employment was mostly flat and consumer spending and prices stayed under pressure.
NOAA says a G3 geomagnetic storm watch could bring auroras farther south and brief disruptions to GPS, radio, satellites and power systems.
A federal appeals court said the Pentagon’s transgender-service policy likely violates equal protection, but kept protection for current troops named in the case.
CDC has tightened Ebola screening for some travelers from outbreak countries, routing them through four U.S. airports for extra checks.
A June 1 White House proclamation lowers tariffs on some farm gear and HVAC products, while raising duties on other metal items and machinery.
BIS clarified chip export licensing for D:5- or Macau-tied buyers, and Senate Democrats are pressing for oversight and testimony on enforcement.
The Supreme Court revived the immigration-judge speech case on May 26, 2026, sending it back without ruling on the First Amendment claim.
A federal judge declined to block Trump’s March 31 election order, saying the challenge is premature while agency action remains pending.