President Joe Biden acknowledged Wednesday that the pandemic has left Americans exhausted and demoralized but insisted at a news conference marking his first year in office that he has “outperformed” expectations.
The president is also now staring down an inflation rate that has gone from 1.7% at his inauguration to 7%, a nearly 40-year high that has contributed to many Americans becoming pessimistic about the overall economy. He called on the Federal Reserve to lessen its monetary boosting of the economy by raising interest rates, which would in theory help to reduce inflation.
Biden also addressed the brewing crisis on the Ukraine border, where Russia has massed some 100,000 troops and raised concerns that Moscow is ready to launch a further invasion. Biden did suggest a “minor incursion” might elicit a lesser response than a full-scale invasion of the country, saying” it’s very important that we keep everyone in NATO on the same page.”
On the Senate floor, meanwhile, Democrats are on track to lose a vote to change the chamber’s rules in order to pass voting reform legislation due to the opposition of Democratic Sens. Kyrsten Sinema of Arizona and Manchin. That will underscore the constraints on Biden’s influence barely a week after he delivered an impassioned speech in Atlanta comparing opponents of the measures to segregationists and exhorting senators to action.
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Biden says nation weary from COVID, but US in a better placeWASHINGTON (AP) — President Joe Biden acknowledged Wednesday that the pandemic has left Americans exhausted and demoralized but insisted at a news conference marking his first year in office that he has “outperformed” expectations.
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