House Speaker Nancy Pelosi, D-Calif., argued Friday that increased government spending is 'doing the exact reverse' of contributing to inflation.
," but that increased U.S. government spending on domestic social programs would help decrease the national debt and bring down inflation at home.
Gas prices across the United States had been rising sharply long before Putin launched Russia's unprovoked invasion of Ukraine, since Biden's first days in office when he canceled the Keystone XL pipeline and"paused" oil and gas leases on federal lands via executive order. The50 million barrels of oil from the National Strategic Reserve on November 23, 2021, in an attempt to alleviate growing pain at the pump. Russia invaded Ukraine on February 24, 2022.
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