Inflation deflates support for Biden's social spending bill

Inflation concerns continue to hamper President Joe Biden and his economic agenda, even as the White House is coming off one of its most successful weeks of his first year in office.

The consumer price index for October clocked in at 6.2%, four-tenths of a point above expectations and the highest rate the country has seen in three decades. Meanwhile, new polling indicates that concern over rising prices in nearly every domestic sector is souring public opinion on the Build Back Better proposal, Biden’s nearly $2 trillion social spending bill that just passed the House this past Friday.