The U.S. House of Representatives on Friday approved a package of initiatives aimed at curbing inflation and getting $430 billion allocated by officials. TASS.
The publication states that the Senate approved this initiative package last week and is now submitted for signature to US President Joe Biden.
The bill includes a series of measures aimed at reducing the federal budget deficit, reducing citizens’ health spending, and tackling climate change. Initiatives also include increased taxation of large corporations, which must partially provide the flow of funds needed for the proposed programs.
Formerly US Department of Labor statedIn the US, in July 2022, consumer prices increased by 8.5% year-on-year after increasing 9.1% in June.
Annual inflation in the United States at the end of June augmented It rose to 9.1% against 8.6% in May. Then, for a month, inflation accelerated immediately by 1.3%. The growth rate of consumer prices in the first month of summer was the highest rate for the country since November 1981 in almost 41 years.
Source: Gazeta
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