Soaring inflation has become a political problem for President Biden's Build Back Better bill, with critics pointing to the rise in prices as a reason why it's the wrong time for Congress to authorize some $1.75 trillion in new spending.
Washington Soaring inflation has become a political problem for President Joe Biden's Build Back Better bill, with critics pointing to the rise in prices as a reason why it's the wrong time for Congress to authorize some $1.75 trillion in new spending.
Many Republicans argue that injecting more federal money into the economy will add fuel to the fire, while the White House and some Democrats say that the bill will reduce the cost of living for many low-income families and ease inflation over the long run.But a key Democratic holdout, Sen. Joe Manchin of West Virginia, is also concerned about the potential impact the bill would have on inflation.
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