Inflation Surge Tees Up Political Peril for Biden Spending Plans
- GOP says prices will rise if Congress passes Biden’s proposals
- Biden aides say inflation would be temporary as U.S. rebounds
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.
A surge in inflation is fueling a political threat to President Joe Biden’s plans for vast new federal spending on infrastructure and social programs, adding to White House officials’ worries after a disappointing jobs report on Friday.