The Labor Department reported that consumers paid for goods and services, which rose to 5.4% from a year earlier, in unadjusted terms, this is a 13 year high.

President Biden looking for ways to pay for his expansive $3.5 trillion package proposed raising revenue by cracking down on $7 trillion in unpaid taxes, mostly from wealthy Americans and businesses, the way to do this is to give the IRS expansive power by requiring banks to submit details on their customers and provide data for accounts with total annual deposits or withdrawals worth more than $600.

With global supply shortages continuing unabated as energy prices increasing as oil jumped to $80 a barrel.

The Bureau of labor statistics reported that 194,000 jobs were created in the month of September down considerably from the 500,000 most economists had predicted.

With Christmas shopping season just beginning the nation will face severe supply chain disruptions.

The debate continues for Congress to raise the federal government’s $28.4 trillion debt ceiling and Democrats can do this themselves.