Washington Post: “Over the past week, the Biden administration has been met with disappointing economic benchmarks, including lackluster hiring and a surge in consumer prices. Meanwhile, rising gas prices and fuel shortages have hammered the Southeast. These pressures have weighed on the financial markets, as the Dow Jones industrial average and the S&P 500 fell sharply for the third day in a row. … The latest economic tremors may try the White House’s willingness to aggressively press major new policy changes.”
“Advisers close to the Biden administration describe the current juncture as a key test of its commitment to major economic policy change in the face of escalating attacks from business groups and the GOP.”
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