Quantcast
erienewsnow.com 12 Jan, 2022 18:00 am

Here's what Joe Biden can -- and can't -- do to fight inflation - Erie News Now

Here's what Joe Biden can -- and can't -- do to fight inflation - Erie News Now
By Kevin Liptak and Matt Egan, CNN

Republicans are eager to tie the problem to Biden's major government spending plans, which the White House insists will actually help ease inflationary concerns over time.High gas prices are one of the most frustrating phenomena for any White House because they affect almost every American but they are mostly immune from presidential action.The White House announced in November the US would join India, Japan and South Korea in the first coordinated emergency oil release in a decade.The White House has been vague on when new infrastructure projects will begin after Biden signs the bill.

The White House announced this month it would allocate $1 billion in funding from the American Rescue Plan to independent meat and poultry producers as part of an effort to boost competition in the meat-processing industry and lower prices for consumers.The White House has tasked the Federal Trade Commission to investigate potential price fixing in the energy sector.

Read full story at erienewsnow.com