Biden Treasury Secretary Admits Inflation Crisis Will Continue

(Photo by NICHOLAS KAMM/AFP via Getty Images)

Over the weekend, Treasury Secretary Janet Yellen admitted during a CNN interview with Jake Tapper that President Biden’s inflation crisis is expected to continue for the rest of the year. “So let me ask you about that, because this rising inflation is hitting Americans’ wallets hard, impacting everything from gas prices to groceries,” Tapper said on CNN’s “State of the Union.” “When do you expect the inflation to get back to the 2 percent range, which is considered normal?” Tapper asked. “2022? 2023? When?” “Well, I expect that to happen next year. Monthly rates of inflation have already fallen substantially

White House Official: Supply Chain Crisis Is Example Of Biden’s Historic Economic Recovery

Biden Ice Cream

On Thursday, White House Deputy Press Secretary Karine Jean-Pierre tried to suggest that the ongoing supply chain crisis has been a result of President Biden’s “historic economic recovery,” a claim that did not align with the reality of the economy’s consistent underperformance under Biden. “You know, there’s a lot to talk about Christmas presents not arriving on time. But the issue is more severe and critical than that. I mean, it’s affecting small businesses. Autobody shops can’t get parts to fix cars, so they can’t make money,” a reporter said. “Ninety percent of school nutrition programs say they’re worried about

Biden On Fuel Crisis: ‘I Don’t Have A Near-Term Answer’

/
Joe Biden

During a CNN town hall event on Thursday night, Democrat President Joe Biden was asked about how he is going to fix the soaring gas prices, to which he admitted, “I don’t have a near-term answer.” “Do you have a timeline for gas prices of when you think they may start coming down?” CNN’s Anderson Cooper asked. “My guess is you’ll start to see gas prices come down as we get by — going into the winter — I mean, excuse me, into next year, in 2022,” Biden said. “I don’t see anything that’s going to happen in the meantime

White House Condemns Texas Bill Banning Men From Competing In Women’s Sports

Joe Biden

On Tuesday, the White House condemned legislation in Texas that would ban students from playing on sports teams of the other sex, indicating that the Biden administration might take legal action if the bill becomes law. “This hateful bill in Texas is just the latest example of Republican state lawmakers using legislation to target transgender kids — whom the president believes are some of the bravest Americans — in order to score political points,” White House spokesman Ike Hajinazarian said to The Dallas Morning News. “These anti-transgender bills are nothing more than bullying disguised as legislation and undermine our nation’s core

1 … 360 361 362 363 364 … 621