Why This Coming American Summit May Blow Up for Biden
Mexico and other Latin American nations threatened to boycott a key regional conference, absences that may hinder progress on immigration and other issues.
Mexico President Andres Manuel Lopez Obrador
Photographer: Alejandro Cegarra/BloombergSubscribe to Stephanomics on Apple Podcasts
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It seems like things could hardly get worse for President Joe Biden, who faces 8.3% inflation, a baby formula shortage and, according to the latest Gallup poll, a 41% job approval rating. Not to mention managing a global face-off with Russia. But now it looks as though another crisis is forming in his backyard. The US is hosting the Summit of the Americas next week in Los Angeles, and Mexico and a few other Latin American nations are threatening to boycott, absences that could hinder progress on many key issues.