Americans struggle to pay utilities as energy prices surge
CBSN
Millions of Americans are struggling to cope with rising electricity and natural gas prices as sky-high inflation continues to dent their finances.
About 20% of U.S. households have missed or made a late payment on their utility bill in the last month, according to a recent Bank of America report. Not surprisingly, families with an income of $50,000 or less are struggling the most to absorb higher energy costs. Geographically, residents of Dallas and Houston are seeing some of the highest utility bill hikes this summer — up 23% when compared to the same period last year.
Higher energy prices brought on by the Russia-Ukraine war are partly to blame for the late or missed payments, BofA said. Customer utility bills rose about 16% in August compared to the same month a year ago, according to the report.
Beijing — U.S. Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, warning of the dangers of misunderstandings and miscalculations as the United States and China butted heads over a number of contentious bilateral, regional and global issues. Blinken met with Xi in Beijing after holding talks with Chinese Foreign Minister Wang Yi and Public Security Minister Wang Xiaohong.
The death of a highly regarded Missouri emergency room doctor whose body was found 11 months ago in a northwest Arkansas lake has been ruled a suicide, Arkansas authorities said Thursday, in a case that fueled social media speculation about whether his disappearance had been tied to his cryptocurrency dealings.
Chaos erupted overnight as police tried to break up a pro-Palestinian encampment at Emerson College in Boston, the latest flashpoint in a growing movement on college campuses around the country protesting Israel's war against Hamas in Gaza. Hundreds of people have been arrested in Massachusetts, Texas and California during the tense protests, following several rounds of arrests in New York in recent days.