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Biden says rising inflation is temporary

In a speech Monday, President Biden touted the economic recovery of the past six months and sought to ease concerns over rising inflation. CBSN Washington reporter Caitlin Huey-Burns, Wall Street Journal Capitol Hill reporter Siobhan Hughes, and The Washington Examiner's political and investigative reporter Sarah Westwood join CBSN's "Red & Blue" anchor Elaine Quijano with more on that, plus the latest on efforts to evacuate Afghans who assisted the U.S. during the war, and other Washington headlines.

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Texas man searching for job shares his story

More than 13.8 million people across the country are still receiving some sort of unemployment assistance, according to the latest data from the Labor Department. While experts are touting the success of the economic rebound, some unemployed Americans are worried about the end of pandemic-related assistance programs in September. Joseph Hare, an unemployed Texas resident struggling to find work, spoke with CBSN's Tanya Rivero about his experiences.

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Families set to receive child tax credit payments

The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.

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Biden defends plan for Afghanistan withdrawal

All U.S. troops will be out of Afghanistan by the end of August, even though the Taliban has. been gaining ground across the war-torn country. President Biden defended his accelerated timeline for America's military withdrawal during a speech yesterday. CBS News foreign correspondent Charlie D'Agata reports from Kabul, and CBS News chief White House correspondent Nancy Cordes joins CBSN with more on that plus other issues on Mr. Biden's agenda including voting rights and economic competition.

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Extreme weather raises economic concerns

The rise of extreme weather conditions is posing harm to businesses who may not be financial prepared. In 2020, extreme weather cost the insurance industry over $70 billion, according to The Demex Group. Stephen Bennett, co-founder and chief product officer of The Demex Group and chairman of the American Meteorological Society's Committee on Financial Weather and Climate Risk, joins CBSN's Lana Zak with more on how businesses can prepare for these potential risks.

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