A measure of inflation closely tracked by the Fed increased in April

( ) -q-23- UNDATED (Correspondent Jeremy House) “two-percent inflation target.”

A key index of U.S. prices ticked higher in April as consumer spending rebounded.

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TAG: Correspondent Jeremy House reporting. Consumers kept spending last month despite the price rise: Their spending jumped 0.8% from March to April.

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VERBATIM: The index showed that prices rose 0.4% from March to April, much higher than the 0.1% increase the previous month. It’s a sign that inflationary pressures in the economy remain high. The year-over-year figure of 4.4-percent was down sharply from a peak of 7% last June, yet remains far above the Fed’s 2% inflation target.

White House warns default would have devastating impact

The White House says it’s confident there will be no government default, even as it warns of a potential catastrophe. As budget and debt talks resumed between White House and congressional negotiators, Press Secretary Karine Jean-Pierre warned that a default would be devastating. At the same time, she said it’s welcome news that the talks are ongoing.

Hillary Clinton Says Feinsten Should Not Resign Due To Health

Former President Trump Kicks Off Campaign Events

The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.

Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.

Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.

Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.

Bernie Bennett reporting.

A new poll asks Americans what they think about God

A new poll asks Americans what they think about God

VERBATIM: It comes from NORC at the University of Chicago and it reveals that 50% say they believe in God with NO DOUBTS. 16% tells pollsters that they believe with some doubts and five percent “believe sometimes”. The survey also finds that 14% of Americans think there’s some kind of higher power out there, but not necessarily God. 8% say they don’t know and seven percent say they do not believe in any God of any kind. Michael Harrington, SRN News.

AM SPORTSCAST 5-26

AM SPORTSCAST 5-26