Inflation deflates support for Biden's social spending bill

Inflation deflates support for Biden's social spending bill


Inflation concerns continue to hamper President Joe Biden and his economic agenda, even as the White House is coming off one of its most successful weeks of his first year in office.

The consumer price index for October clocked in at 6.2%, four-tenths of a point above expectations and the highest rate the country has seen in three decades . Meanwhile, new polling indicates that concern over rising prices in nearly every domestic sector is souring public opinion on the Build Back Better proposal, Biden’s nearly $2 trillion social spending bill that just passed the House this past Friday.

BIDEN TOUTS ECONOMIC GROWTH DESPITE INFLATION FEARS AT FED CHAIR CEREMONY

Trending: MORE Names Revealed In Epstein’s ‘Black Book’

The November dataset from I&I/TIPP found that 84% of respondents

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend