President Biden to Give Remarks on Inflation in the U.S. Tomorrow

President Biden is set to deliver remarks on inflation tomorrow according to White House officials. During his remarks, he’ll “Detail his plan to fight inflation and lower costs for working families, and contrast his approach with congressional Republicans’ ultra-MAGA plan to raise taxes on 75 million American families and threaten to sunset programs like social security, Medicare, and Medicaid.” As of August of last year, inflation rates have risen and have been above the normal 2 to 4% range for a full year. The consumer price index rose 8.5% for the year ending in March which is a rate that hasn’t been seen since December of 1981.