Biden has not yet fully committed to another term. But people in his circle believe there is a growing likelihood that he will run again and that an announcement could come as soon as mid-February.
President Joe Biden begins 2023 politically stronger than 12 months ago, bolstered by his party’s surprise midterms success, a robust set of legislative accomplishments and the resilience of the alliance he rallied to support Ukraine after Russia’s invasion. Indeed, as he vacations on St. Croix, the biggest decision he faces is whether to seek reelection to the office he holds.
That potentially accelerated time is owed, in part, to a sense inside the White House and among Biden allies, that the new year dawns on a note of revival, one marked by an unlikely comeback that has reassured fellow Democrats. Though inflation has somewhat cooled, it remains high in most sectors and there are fears that gas prices could rise again next year. Moreover, there is a quiet concern in the West Wing that the nation’s economy will slow for at least the first quarter of 2023, according to administration officials, even if the United States manages to technically avoid a recession.
Closer to home, while the Republicans’ majority in the House will be slim and unruly, the newly empowered GOP lawmakers will be able to exact a price on the West Wing. After two years of unified Democratic control, Biden will now see much of his agenda stall. And armed with the power of subpoena, Republicans are vowing to open a slew of investigations into the president’s policies and family. Already, there are frictions between the two sides over document production and records requests.
“The American people were clear in the best midterms for a new President in 60 years that they want leaders to focus on improving their lives — not partisan divisiveness — and President Biden’s hand is outstretched to his Republican colleagues in an offer to make bipartisan progress for the country,” said White House spokesperson Andrew Bates.
While a newly empowered GOP majority in the House will block most chances of significant policy action, White House aides believe that some previous legislative wins will more fully take effect next year and prove popular with voters, furthering their momentum. Biden’s inflation reduction act will lock in key priorities on climate funding and prescription drug prices. The transportation law will continue to fund projects across the country. And his final piece of legislation for the year, a $1.
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