The Harris campaign says she'd give families $6,000 when they have a new baby, and would restore the pandemic-era child tax credit, too. It's part of an economic plan focused on the cost of living.
For the first time in years, people are buying more groceries, including pricier brands, to replace restaurant outings. From McDonald's to Starbucks, fast food and cafes are feeling it.
Inflation eased last month, according to a report Wednesday from the Labor Department, which means people feeling stretched by high prices and high borrowing costs could feel a little relief soon.
Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.
Consumer prices rose 0.4% in August and 1.3% over the last 12 months. Some economists say that official measure understates inflation, because the pandemic has changed both what and how we buy.