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Investors were ditching U.S. government debt early Tuesday as higher energy prices from the Iran war pinch Americans' pocketbooks and push up the cost of living.
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Here's some of the places where prices are rising fast for consumers.
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Trump faces uphill climb on suspending gas tax AxiosOpinion | Republicans and Democrats find something to agree on The Washington PostOpinion | A gas tax holiday won't fix Trump's high gas prices MS NOWThe federal gas tax is on Trump's hit list. Data shows how much would be saved without it. NBC NewsHow Washington Could Suspend the Federal Gasoline Tax WSJ
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President Trump has declared the cease-fire on "life support," and investors are taking a cautious approach as the economic effects of the war become more apparent.
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Oil is climbing to start the week as Morgan Stanley is warning that crude prices are being held at bay from much higher losses. But that could change.
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Kevin Warsh promised to remake the Federal Reserve. Stubborn inflation and a divided policy committee may force him to fight yesterday's battle first.
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NPR's Steve Inskeep asks business news analyst Jill Schlesinger how high oil and gas prices from the Iran war affect consumer budgets.
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In the likely final meeting of Jerome H. Powell's term as chair, the Fed left rates unchanged. A senate panel earlier Wednesday approved Kevin Warsh to succeed him.
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