Inflation Woes Jeopardize Biden’s Infrastructure Plan

President Joe Biden’s Infrastructure Bill Is Receiving Fresh Opposition From Republicans Concerned That Rising Inflation, And The Government Spending That Contributes To It, Means The U.S. Should Take A Step Back From The Plan.

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Biden Dismisses Inflation Concerns Despite Troubling Data

Biden Attempted To Quell Fears Over Inflation During A Speech About His Administration’s Handling Of The Economy Monday. He Acknowledged Rising Prices For Products Like Lumber And Automobiles But Also Said These Price Increases Are A Side Effect Of The Economy Emerging From The Pandemic.

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Inflation Spikes To Highest Levels Since 2008 Crisis

The Latest Federal Report Suggests More Troubles For The U.S. Economy, Even As Experts Hoped For A Post-Covid Economic Surge. The Bureau Of Labor Statistics Thursday Released New Data Showing A Major Spike In Inflation, The Largest Since The Financial Crisis From Over A Decade Ago.

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