The Morning Dispatch: Prices On the Rise

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Quick Hits: Today’s Top Stories

  • Inflation rose at its fastest rate since September 2008 in April, the Labor Department reported Wednesday, with the Consumer Price Index increasing 4.2 percent year-over-year, and 0.8 percent month-over-month.

  • Colonial Pipeline announced it began restarting pipeline operations at 5 p.m. ET yesterday, nearly a week after a ransomware attack forced the East Coast’s largest underground fuel line to shut down. “Following this restart, it will take several days for the product delivery supply chain to return to normal,” the company said. Secretary of Homeland Security Alejandro Mayorkas approved a temporary Jones Act Waiver last night in an effort to “ease oil supply constraints.”

  • House Republicans Wednesday morning officially removed Rep. Liz Cheney from conference leadership, passing the motion overwhelmingly by voice vote, so no final tally was recorded. Cheney remained defiant after the meeting, telling reporters she will do everything she can “to ensure that the former president never again gets anywhere near the Oval Office.” House Republicans are expected to hold a forum for candidates vying to replace Cheney later tonight and vote on her replacement tomorrow morning.

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