U.S. President Joe Biden entered the new year with his signature economic plan stalled, inflation at 40-year highs and Russia threatening war in Ukraine. Somehow, things have only gotten worse.
A series of setbacks last week further clouds the fate of Biden’s policy agenda and the trajectory of his presidency.
Fresh data on inflation showed prices surging 7% last year, the most since 1982. A speech on voting rights riled Republicans, didn’t persuade holdout Democrats and was skipped by a star organizer, Georgia gubernatorial candidate Stacey Abrams. Talks with Russia and Iran yielded no breakthroughs.