BALTIMORE : With Americans facing the highest annual inflation rate in decades, President Joe Biden is trying to persuade the country his infrastructure economic plans can fix the problem.
The president heads to the Port of Baltimore on Wednesday for the start of what is likely to be a national tour to showcase the $1 trillion legislation that cleared Congress last week. The president intends to emphasize how the spending can strengthen global supply chains to help lower prices, reduce shortages and add union jobs, the White House says.
That message became more critical after the government reported Wednesday that consumer prices in October climbed 6.2% from a year ago. Inflation has intensified instead of fading as the economy reopened after the coronavirus pandemic, creating a major challenge for Biden whose administration repeatedly said that the price increases were temporary.
