Why inflation is a political nightmare for Biden
CNN
Joe Biden's next political nightmare is inflation, a force that can destroy family budgets and political careers and is being driven by domestic and global factors tough for a president to quickly fix.
Government data showing the cost of living rose 6.2% over the last 12 months -- the highest rate in 30 years -- set off White House alarm bells on Wednesday and offered a new opening for Republicans lambasting Biden over high energy prices.
The figures underscored what all Americans already know. Every trip to the supermarket shows that basic foods like eggs or meat are shooting up in price. The gallon of gas it takes to get to the weekly grocery run is currently averaging $3.40 nationwide. Such pain in the pocket, coming off a demoralizing pandemic that is nearly two years old, threatens Biden's already weakened political standing as he battles a corrosive political issue affecting voters every day.
The Republican-led House Select Subcommittee on the Coronavirus Pandemic on Thursday morning will send a letter to US Attorney General Merrick Garland referring a potential criminal case involving former New York Democratic Gov. Andrew Cuomo to the Department of Justice, alleging he lied to Congress.