Spending in the face of inflation

Chuck Zodda and Marc Fandetti discuss Americans lifting the economy up after getting hit with climbing prices last year. Two Federal Reserve officials said they would have supported raising interest rates by half a percentage point last month. The term richcession is starting to take hold, Chuck is having none of it. Credit card balances rose to a record high of $986 billion last quarter. President Biden expects to speak with Xi Jinping about the Chinese spy balloon that the US shot down.