Trump Faces a Symbolic Blow

“President Donald Trump’s war threatens to push gas prices past the record high under former President Joe Biden. They aren’t the only numbers the White House staff is sweating,” Politico reports.

“While record high prices at the pump are a persistent concern, the bond market’s spike over the last several days also has aides and allies fretting, worried that borrowing costs will pummel a nation that runs on credit and make it harder for the Federal Reserve to cut rates.”

“The two moving in tandem are a double whammy for a White House working to assuage voters’ cost-of-living concerns ahead of an expected difficult midterm election.”