Biden waiving ethanol rule in bid to cut gas prices; March inflation likely set 40-year high

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Things to know today: President Biden to announce suspension of ethanol rule in bid to cut gas prices; March inflation likely a 40-year high; and more top news.

Today is Tuesday, April 12, 2022. Let's get caught up.Here are today's top stories, celebrity birthdays and a look back at this date in history:***

Business News AP Sticker shock: March inflation likely set new 40-year high With ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March. The government’s consumer price index being released Tuesday is expected to show that prices shot up 8.4% from 12 months earlier, according to economists surveyed by the data firm FactSet.

'It's not the end': The children who survived Bucha's horror Bucha witnessed some of the ghastliest scenes of Russia’s invasion, and almost no children have been seen in its silent streets. The many bright playgrounds in the town, once a popular community with good schools near the capital, Kyiv, are empty. But beside an apartment building spray-painted “CHILDREN," Bucha’s fragile renewal can be seen.

Support for Griner at WNBA draft as Howard goes to Atlanta Moments before Rhyne Howard went to Atlanta with the No. 1 pick in the WNBA draft, Commissioner Cathy Engelbert said the league is working very hard to help bring Brittney Griner back to the United States. Griner, one of the league’s biggest stars, has been detained in Russia since arriving at a Moscow airport in mid-February.

 

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Biden expected to release rule on ghost guns in daysThe Biden administration will come out with its long-awaited ghost gun rule as soon as Monday, three people familiar with the matter told The AP.
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