![]() ![]() ![]() “I wasn’t the only one that thought it was a mistake,” Biden told reporters of Britain’s onetime planned tax cut. British Prime Minister Liz Truss reversed a planned tax cut for the wealthy and fired her Treasury chief Saturday in an attempt to stimulate tanking markets as the British pound sank to a record low against the almighty buck. ![]() The pumped-up greenback has lowered the price of US imports while fueling inflation elsewhere, rising fears of a global recession. The dollar, which is the world’s reserve currency, has soared more than 20% in the past year even as stocks, gold and cryptocurrencies are significantly down and domestic inflation reached its highest level in four decades. The comments by Biden - who was in Oregon stumping for Democratic candidates in Portland ahead of the midterm elections - come as US inflation soars and some experts warn of a looming recession in the country. “It’s worldwide inflation that’s consequential,” the president added. Does that make sense?” the commander in chief asked reporters Saturday when questioned about worries that the US dollar’s surging strength is accelerating the rise of international inflation.Īsked to explain, Biden, 79, replied, “Our economy is strong as hell” - as he munched on a waffle cone of Baskin Robbins chocolate-chip ice cream. “I’m not concerned about the strength of the dollar, I’m concerned about the rest of the world. President Joe Biden apparently got brain freeze during a pit stop at an Oregon ice-cream parlor over the weekend and forgot about the millions of Americans suffering financially when asked about the economy. What’s behind the sudden media focus on Biden’s big lies? With GOP poised to take the House, things are looking up for the nation ![]() Here’s why fuel prices will remain high after midterm elections ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |