But the money is only going to residents of one state: New York. As part of the state's 2026 budget deal, Governor Kathy Hochul has unveiled a $2 billion "inflation refund" initiative.

A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage ...