december s consumer prices up 7% from the year before. that s the highest level in almost four decades. gas buddy predicts gas prices will hit $4 a gallon by memorial day. the cost of rent last year was more than 10% higher than 2020 and higher interest rates are coming, meaning increased borrowing costs for things like mortgages, credit cards and car loans. higher interest rates coming because the fed needs to tamp down the inflation so many americans are feeling and the polls are reflecting. this morning president biden promises to get out of the unfriendly d.c. bubble and he will. he will take his vision of the economy to pittsburgh. he ll talk about what the $1.2 trillion infrastructure will strengthen supply chains. let s bring in margaret tallon. so nice to see you here bright and early this friday morning. the president, i suppose, is going to put the focus on the historic infrastructure win. he s going to show the people how they feel it and focus less on what hasn t been accom
is that his approval numbers are already so low. we were seeing them in the low 40s, in the low 30s in some places. those numbers that you just mentioned, how would you rate the u.s. economy? you ve got more than you ve got 1/3 of democrats saying it s good. that s a terrible position from which to be making the argument and this is an issue where he s having trouble rallying his party behind him because the democrats standing for election from the senate and the governor s races understand his numbers could be dragging their numbers down. we re reporting those sort of front line democrats all over the country. many are keeping their distance from him on twitter, not begging him to come to their states. in fact, pennsylvania a.p. reporting pretty high profile senate and gubernatorial candidates saying, sorry, i have a schedule conflict, not going to be able to make it to pittsburgh. margaret, nice to see you