Biden rebrands spending as inflation-fighting, but will voters buy it?

Biden rebrands spending as inflation-fighting, but will voters buy it?


President Joe Biden is on the edge of securing two major legislative wins, but whether they will deliver on their stated aims of controlling inflation or even reassuring voters ahead of the midterm elections is much less clear.

The annual consumer price index rose to 9.1% in June, and on Friday, the Department of Commerce announced that the personal consumption expenditures price index, the inflation gauge closely monitored by the Federal Reserve, hit 6.8%. Both data points mark the highest levels recorded in four decades and prompted the Fed to raise interest rates yet again by 75 basis points Thursday.

INFLATION HITS 40-YEAR-HIGH IN FED’S FAVORED METRIC

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The partisan debate over the bills currently being championed by the president

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