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New inflation data shows first effects of Trump’s tariffs

By Home - CBSNews.com May 13, 2025 | 10:36 AM

New Consumer Price Index data shows inflation is still affecting Americans and depicts the initial effects of President Trump’s tariffs. CBS MoneyWatch correspondent Kelly O’Grady reports.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM