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Inflation increased 3% compared to last year, report shows
NBC News· 2025-10-24 14:42
Inflation Trends - Inflation rose by 3% year-over-year in September and 0.3% month-over-month [1][2] - The September inflation report was surprisingly weak, lower than economists expected [3][4] - August to August inflation was 2.9%, a slight uptick [4] - The 3% yearly inflation figure is lower than the peak inflation seen in the summer of 2022 [4] Category Breakdown - Food price inflation decelerated, up by 0.2% in September, compared to almost 0.5% in August [7] - Energy prices rose by 1.5% in one month, but are expected to decrease in the October report [8] - Shelter costs inflation decelerated, up by 0.2%, contributing to the lower headline number [9] Federal Reserve & Economic Factors - There's a 96% chance the Fed will implement a quarter point rate cut [9] - The Fed's decision-making is complicated by the lack of recent labor data due to the government shutdown [10] - Gas prices and services like airfare were significant drivers of inflation [6] Data Reliability - The September inflation data was collected before the government shutdown, so its accuracy isn't in question [11] - Concerns exist regarding the accuracy of the October report due to the government shutdown impacting data collection [12][13]
House Minority Leader Jeffries on ending the government shutdown
CNBC Television· 2025-10-24 14:00
We've made clear uh in the House that we will consider anything that emerges from the Senate in good faith in a bipartisan way uh that both reopens the government while at the same time addresses this healthc care crisis and extends the Affordable Care Act tax credits in a meaningful way. The uh 90% or so of the people who benefit from these Affordable Care Act tax credits make $63,000 per year or less. And a significant number of small businesses and entrepreneurs across the country rely upon the affordabl ...
X @Bloomberg
Bloomberg· 2025-10-24 13:30
The US government will probably be unable to release inflation data for October, the White House said Friday, citing the ongoing government shutdown. https://t.co/uTxmPSTieR ...
Sen. James Lankford: The shutdown has a very real effect for a lot of families
CNBC Television· 2025-10-24 13:01
Government Shutdown & Negotiation Standoff - The government shutdown has reached its 24th day, impacting federal employees and various services [1] - Senate adjourned for the weekend without reaching a deal, highlighting the difficulty in paying federal employees [1][2] - A key point of contention is healthcare, with Democrats and Republicans holding opposing stances compared to the 2013 Obamacare shutdown [5] - Democrats are perceived as unwilling to negotiate due to distrust of the former president, leading to a standstill [4] - Multiple attempts to pass appropriations bills in the Senate have been blocked by Democrats [8] - The shutdown is causing pain points, including air traffic delays, potentially leading to public frustration [10] Healthcare Debate & Affordable Care Act (ACA) - The debate includes extending Obamacare subsidies, with varying proposals from Democrats [16] - Republicans question the effectiveness of simply providing more money without addressing structural problems in the ACA [22] - From 2013 to 2019, premiums for Affordable Care Act plans in Oklahoma increased by 200%, while commercial insurance increased by 29% [21][30] - Concerns exist regarding potential fraud within the ACA program, particularly with zero-premium policies [25][26] - Some Republicans believe the ACA was designed to circumvent Hyde Amendment protections related to abortion funding [29]
This Morning’s Top Headlines – Oct. 24 | Morning News NOW
NBC News· 2025-10-24 12:55
Trade & Tariffs - President Trump terminated trade negotiations with Canada following a political ad paid for by Ontario's government [1] - The Reagan Presidential Foundation is reviewing legal options regarding the use of President Reagan's voice in the ad, claiming misrepresentation [4][9] - The US has already imposed significant tariffs on Canada, a key trading partner [6] Politics & Policy - President Trump called off plans to send federal troops to San Francisco after speaking with tech leaders [9][12] - The Senate adjourned for the weekend, extending the government shutdown, impacting federal workers and low-income Americans relying on government assistance [18] - New York Attorney General Leticia James' lawyers are challenging the appointment of prosecutor Lindseay Hallan in her case, citing an unlawful appointment [24] Legal & Crime - NBA is facing gambling scandals involving the head coach of the Portland Trailblazers and a player for the Miami Heat, with allegations of leaked information and rigged poker games [34] - Operation Royal Flush details high-tech cheating in poker games, including X-ray tables and marked cards [35][37] - Operation Nothing involves potential corruption in sports betting, particularly with prop bets, raising concerns for professional sports [45][50] Weather - Tropical Storm Melissa is stationary in the central Caribbean region, expected to strengthen into a major hurricane, posing a threat to Jamaica and Haiti with potential for 15 inches of rain [52][55]
5 Things To Know: October 24, 2025
CNBC Television· 2025-10-24 12:13
Five things to know ahead of the opening bell. An update on the government shutdown now on day 24. Today, many federal employees are expected to miss their first full paycheck since the shutdown began.We're going to be speaking to House Minority Leader Hakee Jeff at 8:40 a. m. Eastern time.Shares of Intel are rising. The company returning to profitability in its most recent quarter. Revenue of 13.6% 6 billion, beating estimates of 13.1% billion.Fourth quarter guidance was roughly in line with expectations. ...
The Last Word with Lawrence O'Donnell - Oct. 23 | Audio Only
MSNBC· 2025-10-24 04:32
All right, it is day 23. Day 23 of the government shutdown and the effects are hitting communities across the nation. From missed paychecks to threats to food services, millions of Americans are feeling the strain.But Donald Trump is focused on something else entirely. You know it, the White House itself. Donald Trump has torn down the entire east wing of the White House, which belongs to the American people, to add a ballroom named after himself.It's something President Barack Obama actually joked about 14 ...
'Hitting home': Trump's GOP starting to feel the shutdown heat as Americans feel the pain
MSNBC· 2025-10-24 04:19
And it is day 277 if you are counting of the second Trump administration. Right now, Republicans are trying to deal with the pain of a government shutdown without actually ending it. Here's what I mean.Democrats say Republicans could end the shutdown by coming to the table and talking Obamacare subsidies, but there is no sign of that. Instead, Republican Senator Ron Johnson tried to pass a bill to pay federal workers that are currently on the job and not getting paid. Democrats blocked that, arguing it woul ...
X @Tesla Owners Silicon Valley
BREAKING: President Trump announced during the ongoing government shutdown that a private donor has provided a $130 million check to the federal government to address any potential shortfall in military salaries.Who do you think it is? I feel like I know. ...
‘Let's sit down': House Democratic Leader Jeffries urges GOP to start negotiating amid shutdown
MSNBC· 2025-10-24 01:27
Government Shutdown & Healthcare Crisis - Democrats are ready to negotiate with Republicans to reopen the government and enact a bipartisan spending agreement [1] - Democrats believe Republicans are unwilling to address the healthcare crisis, leading to the government shutdown [3] - The Affordable Care Act (ACA) tax credits extension is a key point of contention, with Republicans' refusal potentially leading to increased premiums for millions [11] - Democrats accuse Republicans of creating a healthcare crisis impacting various communities across America [7] Political Strategy & Polling - Battleground states leaned slightly towards Donald Trump in the last election by 3 to 4 points on average [5] - Public polling indicates that a majority of voters hold Republicans responsible for the government shutdown [5] - Democrats are focusing on issues like the high cost of living, including rising grocery, housing, and electricity costs [10][11] - Republicans are expected to advance "gotcha votes," but Democrats aim to remain unified and strong [12] Redistricting & Voting Rights - Democrats are taking action to counter Republican gerrymandering efforts, including legal challenges and referendums [18][19][20][21] - The Voting Rights Act is considered crucial, and Democrats express confidence that efforts to undermine it will be unsuccessful [16][17] - Democrats are actively involved in redistricting efforts in states like California, Ohio, and Missouri to prevent Republicans from rigging elections [19][20][21]