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(Bloomberg) President Joe Biden faces an even bigger battle to enact his spending proposals and retain his party’s control of Congress in the wake of a January inflation report that showed an unexpectedly large surge in the cost of living for Americans.
Senator Joe Manchin threw more cold water on the president's spending plans after inflation spiked to a 7.5% in January, the highest rate in four decades.
(Bloomberg) Senator Joe Manchin left Democrats with few options for reviving President Joe Biden’s economic agenda after blindsiding the White House on Sunday with his rejection of the roughly $2 trillion package.