President Joe Biden calls on the Federal Reserve to do more to fight inflation by pulling back on its monetary boosting of the U.S. economy.
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 Joe Manchin of West Virginia. 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.
“I’m open to whatever is going to get us across the finish line,” Massachusetts Sen. Elizabeth Warren told CBS News on Tuesday. “We just need to get what we can across the finish line.” “We have to have an agenda that is not only appealing to the voters, but is realistic on Capitol Hill,” Durbin, D-Ill., told reporters Tuesday. “It’s OK to have an ambitious agenda, but it has to come down to the harsh reality of producing votes.”
Biden, for his part, is signaling he’s not ready for a major shift in direction after recent policy setbacks. Instead, his White House is promising dogged work to deliver on promises made.
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