A new report showing that prices have jumped 9.1 percent compared to a year ago is a new setback to Senate Majority Leader Charles Schumer’s (D-N.Y.) effort to negotiate a budget reconciliation deal with West Virginia Sen. Joe Manchin (D-N.Y.). The higher-than-expected inflation report will make it tougher to achieve Schumer’s goal of passing a reconciliation bill before the August recess as Manchin on Wednesday called on his colleagues to slow down and look more carefully at how the legislation might further fuel price increases. Manchin now says the provisions of the bill will need to be “scrubbed much better,” including a proposed 3.8 percent tax on wealthy individuals and fa
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