White House press secretary Karine Jean-Pierre audibly sighed as she defended President Joe Biden’s economic stewardship, saying he and his administration are “incredibly focused” on the economy.
Jean-Pierre was confronted Monday about the latest discouraging economic data, including the sliding stock market and persistent inflation, which have become major drags on Biden’s job approval rating in an election year.
Inflation is currently running at a 41-year high, with gasoline and food prices especially high. The S&P 500 fell into bear market territory on Monday morning. Interest rates are set to rise. The Nasdaq index is now down more than 31% from the start of the year. The Dow Jones Industrial Average has not yet entered a bear market, but it was down about 2.5% on Monday and 16.3% since the start of the year.
That’s when Jean-Pierre defended Biden’s handling of the economy, crediting the nearly $2 trillion American Rescue Plan with recent growth and job creation. She noted that not a single Republican in Congress voted for the measure, which was passed through the reconciliation process to avoid a Senate filibuster or GOP input.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jean Smart and Hannah Einbinder Are Proud of Their ‘Hacks’ Characters’ ‘Long-Term Marriage’“Unlike the rest of the world — God, don’t strike me down — I was not a fan of Lucille Ball’s when I was a kid. But Phyllis Diller I thought was hilarious,” Jean Smart says. “I dressed up as her to go to a costume party in seventh or eighth grade.”
Read more »
Arrow’s Stephen Amell and Cassandra Jean Secretly Welcome 2nd Child: ReportStephen Amell and Cassandra Jean Amell wed in 2012 before welcoming their first child, daughter Maverick, one year later — read more
Read more »
‘Arrow’ star Stephen Amell and wife Cassandra Jean welcome second babyThe baby boy, who the couple has named Bowen, is their second child, following the birth of their now 9-year-old daughter, Maverick Alexandra, in 2013.
Read more »
DVD REVIEW: 'Hacks,' season one, shows why Jean Smart is such a treasureIf you haven’t seen the first season of “Hacks,” please do.
Read more »
Jake Paul Slams President Biden, Lists Priority Issues Including CryptoPresident Biden is taking it on the chin, courtesy of Jake Paul ... who's making it very clear that he's not happy with how the economy is doing, or where the country's headed.
Read more »
How Tony Winner Joaquina Kalukango Got Ready for Her Big NightJoaquina Kalukango’s TonyAwards night was one for the books, see how she got ready for the ceremony here:
Read more »