Saturday, July 2, 2022
  • 🔒Privacy Policy
  • © Copyright
The Voiceof London
  • Latest news
  • Foreign affairs
  • UK
  • USA
  • Russia
  • Health
  • Fashion
  • Food
  • Contact us
  • Latest news
  • Foreign affairs
  • UK
  • USA
  • Russia
  • Health
  • Fashion
  • Food
  • Contact us
No Result
View All Result
The Voiceof London
No Result
View All Result
Home Latest news
As voters blame Biden policies for inflation spike, White House pushes massive infrastructure plan — RT USA News

As voters blame Biden policies for inflation spike, White House pushes massive infrastructure plan — RT USA News

The Voiceof London by The Voiceof London
July 29, 2021
in Latest news
0

As new polls show a growing number of Americans blame President Joe Biden’s policies for inflation that’s surged the fastest since 2008, the US Senate is moving ahead with a $1 trillion bipartisan infrastructure spending bill.

Recent figures showed that the consumer price index (CPI) rose 5.4% over the last year, the fastest since right before the 2008 financial crash. A Morning Consult-Politico poll released on Wednesday has a combined 59 percent of registered voters saying Biden’s policies were either “very responsible” or “somewhat responsible” for inflation, and only 28 percent combined believing the current administration was “not too responsible” or “not responsible at all.” 

Also on rt.com
Welcome to Slavelandia? RT’s Keiser Report looks at the human catastrophe brought on by US inflation

Republicans overwhelmingly (82%) blamed the inflation on Biden. Democrats were more inclined to think it was caused by a return to pre-pandemic behavior by their fellow Americans, in line with the White House’s official position.

The Biden administration has brushed off concerns about inflation by saying it was “transitory.” On Wednesday, however, Federal Reserve Chairman Jerome Powell said the Fed would continue its current monetary policy until the unemployment rate improves, adding that inflation “will likely remain elevated in coming months before moderating.”

Powell blamed “supply bottlenecks” in some sectors that were “larger than anticipated.”

The Fed’s Jerome Powell admits inflation is getting worse and will be “more persistent” than originally claimed; blames “supply bottlenecks” and “hiring difficulties,” not his explosion of money printing pic.twitter.com/Kaj4hvn1jv

— Tom Elliott (@tomselliott) July 28, 2021

There is still “some ground to cover” before the US central bank would consider raising interest rates, Powell said, arguing that the labor market has not yet fully recovered due to federal unemployment benefits, worker preferences, and ongoing concerns about Covid-19. Federal agencies have started introducing vaccination mandates and reimposing masking, citing reports of the rise in Delta variant cases.

None of this is stopping the administration from pushing ahead with its ambitious plan to invest over a trillion dollars into “infrastructure” – defined far more extensively than the traditional roads and bridges. The White House announced that a tentative deal has been struck on a bipartisan proposal. The Senate voted to begin debate on the proposal on Wednesday evening, after Republicans agreed not to filibuster it.

Based on a commitment from Leader Schumer to Senators Portman and Sinema that the Portman-Sinema amendment to be filed will be the substitute amendment, I will vote to proceed to the bipartisan infrastructure bill.

— Leader McConnell (@LeaderMcConnell) July 28, 2021

The plan is apparently the one hammered out back in June by a group of ‘moderates’ on both sides of the aisle. However, it ran into trouble right away, as Biden told reporters at the White House he only intended to sign it into law if accompanied by a much bigger proposal, which the Democrats sought to ram through using reconciliation, a simple-majority procedure intended to bypass the GOP opposition.

After weeks of back and forth, the senators appear to have figured out how to pay for the compromise, but Senator Kirsten Sinema (D-Arizona) is reportedly opposed to the $3.5 trillion ‘reconciliation’ bill. The clock is now ticking for some kind of bill to pass before Congress leaves town for August recess.

Think your friends would be interested? Share this story!

Previous Post

It pays to hold out? NYC mayor dangles $100 ‘incentive’ before those who give in and get Covid-19 jab at city sites — RT USA News

Next Post

Black Lives Matter-backing mayor of Washington, DC now wants to FUND the police, citing spike in murders — RT USA News

Related Posts

Jamie Dornan recalls ’emotional’ reaction to poignant final scenes of Derry Girls and ‘soppy’ text he sent to creator Lisa McGee
Latest news

Jamie Dornan recalls ’emotional’ reaction to poignant final scenes of Derry Girls and ‘soppy’ text he sent to creator Lisa McGee

July 2, 2022
My 6 hour first date was perfect – we talked about everything, except dwarfism
Latest news

My 6 hour first date was perfect – we talked about everything, except dwarfism

July 2, 2022
Woman says you’ll ‘never sweat again’ after using this £6 miracle product
Latest news

Woman says you’ll ‘never sweat again’ after using this £6 miracle product

July 2, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The Voiceof London

 

Browse UK newspapers news, research and analysis from The Voiceof London

📧 Please feel free to contact us by an email if you need more information

  • 🔒Privacy Policy
  • © Copyright
No Result
View All Result
  • Latest news
  • Foreign affairs
  • UK
  • USA
  • Russia
  • Health
  • Fashion
  • Food
  • Contact us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT