Business

Rising Inflation Challenges Biden Agenda

WASHINGTON—The largest inflation gain in three decades is posing a new challenge for President Biden as he seeks to enact another pillar of his economic agenda while also easing Americans’ concerns about rising consumer prices.

The inflation has driven new Republican criticism of Democrats’ $2 trillion social-spending and climate plan, which the White calls Build Back Better. House Democrats are aiming to wrap up the bill next week and send it to the Senate.

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