{"id":50867,"date":"2022-12-22T02:00:16","date_gmt":"2022-12-22T07:00:16","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/congress-readies-monster-spending-bill-but-americans-say-they-cant-afford-as-many-presents-this-christmas-50867"},"modified":"2022-12-22T02:00:16","modified_gmt":"2022-12-22T07:00:16","slug":"congress-readies-monster-spending-bill-but-americans-say-they-cant-afford-as-many-presents-this-christmas","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/congress-readies-monster-spending-bill-but-americans-say-they-cant-afford-as-many-presents-this-christmas-50867","title":{"rendered":"Congress readies monster spending bill, but Americans say they can’t afford as many presents this Christmas"},"content":{"rendered":"
\n

Fox News spoke to Americans who say they were forced to save cash and buy fewer holiday gifts this year as congressional leaders push a $1.7 trillion spending package, which critics warn could fuel ongoing inflation.<\/p>\n

“I have saved to be able to do Christmas with the kids,” Irene, from Arizona, told Fox News. “Things are a lot more expensive.”<\/p>\n

WATCH MORE FOX NEWS DIGITAL ORIGINALS HERE<\/u><\/strong><\/a><\/p>\n

But Reagan, from Missouri, said inflation didn’t impact her holiday shopping.\u00a0<\/p>\n

“I actually did all my shopping on Amazon, so it was actually pretty easy,” Reagan said.\u00a0<\/p>\n

HOLIDAY GUIDE TO \u2018TIPPING THE PEOPLE WHO HELP YOU ALL YEAR\u2019: AN EXPERT’S ADVICE FOR SEASONAL SPENDING<\/strong><\/a><\/p>\n

Inflation reached a 40-year high in 9.1% in June. It’s dropped since then, but still hit 7.1%<\/a> in November. A December AP-NORC Center for Public Affairs Research poll, meanwhile, found that 57% of adults said it was\u00a0harder to afford holiday gifts<\/a>\u00a0this year.<\/p>\n

“As far as inflation goes, my paycheck doesn’t go as far as it used to,” William, from Arizona, said. “We bought a few less gifts but more important things that they might need.”<\/p>\n

The Senate, meanwhile, moved forward with a\u00a0$1.7 trillion omnibus spending package<\/a>\u00a0Tuesday. It includes $3.6 million for the “Michelle Obama Trail \u2013 PATH Trail Project”<\/a> and funding to name a federal building after House Speaker Nancy Pelosi.<\/p>\n

Critics, such as Republican Sens. Mike Lee and Rick Scott, argued that increased government spending would worsen inflation<\/a>.\u00a0<\/p>\n

“It’s just terrible,” Art, from Pennsylvania, said on inflation. “How long can we endure?”<\/p>\n

INFLATION IS \u2018TAKING A TOLL\u2019 ON SENIORS, FORCING THEM TO RETURN TO WORK: \u2018THE HOLIDAYS ARE GOING TO BE TOUGH’<\/strong><\/a><\/p>\n

He told Fox News his family wasn’t giving gifts this year due to price hikes<\/a>.\u00a0<\/p>\n

“It’s just hard times,” Art said. “This is gonna be the beginning of the collapse. It’s probably gonna be maybe as bad or worse than the depression.”<\/p>\n

But some chose priceless gifts for loved ones to avoid high costs<\/a> and to spread holiday cheer.\u00a0<\/p>\n

“I give gifts of time, effort,” Yvette, from Tampa, said. “That’s what matters.”<\/p>\n

To hear more responses on the impact inflation had on holiday gift-giving, click here<\/a>.\u00a0<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/us\/congress-readies-monster-spending-bill-americans-say-cant-afford-many-presents-christmas <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fox News spoke to Americans who say they were forced to save cash and buy fewer holiday gifts this year as congressional leaders push a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-50867","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nCongress readies monster spending bill, but Americans say they can't afford as many presents this Christmas - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/congress-readies-monster-spending-bill-but-americans-say-they-cant-afford-as-many-presents-this-christmas-50867\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Congress readies monster spending bill, but Americans say they can't afford as many presents this Christmas - 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