Biden Gets Inflation Wake-Up Call as Odds Rise for GOP Takeover
- GOP blames Democrats’ spending for jump in living costs
- Moderate Democrat Manchin says no space for big Biden agenda
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President Joe Biden faces an even bigger battle to enact his spending proposals and retain his party’s control of Congress in the wake of a January inflation report that showed an unexpectedly large surge in the cost of living for Americans.
Just weeks after Biden claimed that consumer-price gains had hit a peak, a government report showed 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.