U.S. appoints affordability czar to tackle rising prices

The U.S. government is appointing an "affordability czar" to address rising prices for consumers. This new role aims to focus on key areas like housing, groceries, and car prices, which have seen significant increases recently. Tariffs on imports from Canada, Mexico, and China are expected to raise consumer costs, with estimates suggesting an annual impact of over $1,200 per household. Despite recent easing of inflation, high prices for essentials continue to strain budgets. Consumers are encouraged to reduce monthly expenses by negotiating bills, canceling unused subscriptions, and meal planning to cut grocery costs. These strategies aim to help households manage their finances amid ongoing economic challenges.