Biden declares ‘failure’ in raising incomes

Published April 19, 2016 3:10pm ET



Vice President Joe Biden straightforwardly declared in an interview that aired Tuesday that the inability of the Obama administration and its predecessors to raise U.S. income marks a failure of the political system, placing blame on major disasters and wars that have diverted attention away from the economy.

“I feel that is a failure,” Biden said of weak income growth when asked about it in a CNBC interview onboard an Amtrak train between Washington and Delaware.

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