Biden’s ambitious anti-poverty battle just took a hit — and so might ‘Bidenomics’

The child poverty rate more than doubled in 2022 as Covid-era aid programs expired, erasing major economic gains for the poorest Americans.

“It’s terrible to let these programs expire, because every one of them was helping people who needed help,” said Sen.. “This isn’t politics. This is the underlying moral question about what government is for.”

The White House has moderated its own rhetoric in the last year, highlighting deficit reduction and its work to reinforce the job market through the Inflation Reduction Act’s investments in industry, rather than individuals.

“There was always this narrative that despite spending billions and trillions of dollars trying to fight poverty, we can’t reduce the poverty rate,” he said. “I think that narrative’s been undone.”

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