President Joe Biden is trying to capitalize on a sudden spate of positive economic news to turn Democrats’ biggest political liability into an unlikely election-year selling point.
Falling gas prices, two major legislative victories and early signals that red-hot inflation may be easing have boosted Democrats’ once improbable bid to retain their House and Senate majorities in the November midterms.
Biden plans to argue Tuesday that he and his fellow Democrats have helped steer the economy back to firmer footing during a White House ceremony touting a sweeping new climate, energy and health care law dubbed the “Inflation Reduction Act.” The saliency of that message could be helped — or undercut — by the latest government inflation data, due for release just ahead of the event.
