Inflation bites Biden
FT News Briefing
00:00
Inflation Pressures Challenge Biden's Spending Plans
This chapter examines the rise in prices impacting American consumers and the challenges this presents for the Biden administration in managing inflation alongside a $1.75 trillion social spending package. It discusses the political resistance faced by the administration and the measures taken to ease supply chain issues and assess the long-term advantages of the infrastructure bill in curbing inflation.
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