Biden promises to spend billions more, as inflation remains at a record high

Fox News published this video item, entitled “Biden promises to spend billions more, as inflation remains at a record high” – below is their description.

‘Big Sunday Show’ guests discuss President Biden promising $200 billion over five years to the Partnership for Global Infrastructure and Investment at the G7 summit. #foxnews #fox

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About This Source - Fox News

Fox News is an American multinational conservative cable news television channel. It is owned by Fox News Media, which itself is owned by the Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in New York City.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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