Biden to Highlight Inflation Efforts as Rising Prices Irk Voters
- U.S. president to give speech on issue concerning voters most
- Comments come after Fed raised rates by half percentate point
President Joe Biden speaks in the Rose Garden of the White House on May 5.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
U.S. President Joe Biden will give a speech on his efforts to stem inflation as spiking prices threaten Democrats’ already dim chances of holding onto to Congress after midterm elections.
The president will detail his legislative push on Tuesday at the White House, an official familiar with his plans said. Biden will draw a contrast with a Republican plan to raise taxes and let popular programs like Social Security and Medicare expire. Those GOP details come from a proposal put forward by Florida Senator Rick Scott.