Inflation Continues to Break Records, Further Imperiling the Democrat Agenda and Midterm Odds ust weeks after President Joe Biden claimed that consumer price gains had hit a peak, the Bureau of Labor Statistics reported Thursday that inflation remains on the upswing — sowing doubts about whether the White House fully has its arms around a crisis that may be broadening. Prices rose 7.5% last month from a year ago, the most in four decades. Biden faces an even bigger battle now to enact his spending proposals and retain his party's control of Congress in the wake of such a large surge in the cost of living for Americans. Voters are taking notice. According to a CNN poll released Thursday, nearly 60% of Americans disapprove of the president's job performance as his approval rating continues to sink. The same poll in December found that 49% of Americans approved, while 51% disapproved. What's more, in the latest snapshot of voter sentiment, only 36% of independents and 9% of Republicans approved of the job Biden is doing. Eighty-three percent of Democrats still approve of Biden, but that's a drop from 94% last summer. |
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