White House: Multi-Trillion-Dollar Spending Bill Will Combat Soaring InflationEpoch Times, United States politics | The Epoch Times

Several top Biden administration officials on Sunday argued that the White House-backed social spending package may be a solution to soaring inflation in the United States, though some Democrats have balked at the idea. “Inflation is high right now and it is affecting consumers in their pocketbook and also in their outlook for the economy. But those concerns underscore why it’s so important that we move forward on the Build Back Better legislation,” White House National Economic Council Director Brian Deese told CNN in a Sunday interview. “This, more than anything, will go at the cost that Americans face.” Several days ago, the Department of Labor released its monthly consumer price index report, showing inflation reached a 30-year high. Grocery prices in October were 5.4 percent higher than a year ago, the data shows. Overall inflation was 6.2 percent year-over-year. Deese claimed that the bill would drive down drug prices, lower the costs …Read More

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