Stocks are opening higher after the latest report of surging prices appeared to keep the Federal Reserve on track to raise interest rates later this year. The S&P 500 was up 0.4% in the early going Wednesday.

Iowa Gov. Kim Reynolds proposed Tuesday night that Iowa cut taxes by nearly $2 billion by moving to a 4% flat income tax phased in over four years and repealing all state taxes on retirement income beginning next year.

WASHINGTON (AP) — Facing prison time, many Jan. 6 rioters admit they were wrong to enter the U.S. Capitol and disavow political violence, despite what former President Donald Trump claims in spreading lies about the attack.