Biden says inflation is "worrisome" in speech at Port of Baltimore
CBSN
President Biden acknowledged the soaring inflation rate in a speech Wednesday at the Port of Baltimore that was meant to tout his infrastructure and social spending plans.
"The American people, in the midst of an economic crisis, that recovery is showing strong results, but not to them," Mr. Biden said. "They're still looking out there. Everything from a gallon of gas to a loaf of bread costs more. And it's worrisome, even though wages are going up."
The Bureau of Labor Statistics said Wednesday that consumer prices increased 6.2% from the same time period one year ago, the highest monthly increase since the George H.W. Bush administration. Inflation rates have been steadily increasing since April, coupled with the increasing supply chain and labor shortages.
A cybercriminal group claims it stole personal data belonging to more than 500 million Ticketmaster customers. Although the event ticketing service, owned by Live Nation Entertainment, hasn't confirmed the attack, security experts warn that it could put users of the platform at risk for a range of scams.
Two climbers were waiting to be rescued near the peak of Denali, a colossal mountain that towers over miles of vast tundra in southern Alaska, officials said Wednesday. Originally part of a three-person team that became stranded near the top of the mountain, the climbers put out a distress call more than 30 hours earlier suggesting they were hypothermic and unable to descend on their own, according to the National Park Service.
There's no making up for what Olympic hurdler Lashinda Demus lost on the day she finished .07 seconds behind a Russian opponent who, everyone later learned, was doping. What the American 400-meter hurdles champion will finally receive is a great day under the Eiffel Tower where she'll be presented with the gold medal she was denied 12 years ago at the London Olympics.