Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.

Gas prices are still on the rise and could soon reach $5 per gallon, a figure that has forced some Americans to rethink their leisure travel.

The national average for a gallon of gas is $4.71 on Thursday, according to AAA, up more than 50 cents a gallon from just a month ago and $1.67 higher than this time last year.

The Center for a Responsible Federal Budget, a respected nonpartisan group, reminded us yet again Tuesday that federal spending plans and debt levels are unsustainable. Lawmakers should get serious about debt reduction now — before it’s too late.

Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates.

America’s mood is uneasy and worried. Amid continued inflation and stock market declines, large majorities describe their mood as such, and the percentage who call the economy bad has hit highs for the Biden presidency.