Biden ready to cooperate with Republicans to contain economic crisis
US President Joe Biden says that cooperation with Republicans is key to lowering inflation rate across the US.
Invigorated by a better-than-anticipated showing in the midterm elections, US President Joe Biden declared on Thursday that he was prepared to cooperate with his Republican opponents to further lower US inflation, which had fallen to a nine-month low.
According to a White House statement, Biden said that “I will work with anyone – Democrat or Republican – on ideas to provide more breathing room to middle-class and working families,” adding that he will “oppose any effort to undo my agenda or to make inflation worse.”
In contrast to experts' predictions of 7.9% growth and an annual increase of 8.2% in September, the US Consumer Price Index, or CPI, increased by 7.7% from January through October, according to the Labor Department. It was the lowest annual reading for inflation since January, according to historical statistics.
The Washington Post gave President #Biden a "bottomless Pinocchio" in a fact check of several recent claims he has made. pic.twitter.com/UaPnZok2U6— Al Mayadeen English (@MayadeenEnglish) November 9, 2022
“We are on the right path – we need to keep moving forward to build an economy from the bottom up and the middle out,” said Biden, adding to the optimistic chorus on the economy.
Biden hopes Congress upholds the US' support for Ukraine
Earlier on November 9th, Biden stated during a news conference that the 'red wave' that many had projected would occur in the US midterm elections did not occur.
"While the press and the pundits are predicting a giant red wave, it didn't happen," Biden said on Wednesday.
According to NBC News' projections as of Wednesday afternoon, the Democrats are predicted to win 213 seats in the US House of Representatives, while the Republicans are predicted to win 222 seats. However, because certain final findings have not yet been verified, these figures might change.
When democracy can be thought of as "power of the people" and the #US represents everything but that... this speaks volumes. Here is how in five.pic.twitter.com/2SDfmgriMV— Al Mayadeen English (@MayadeenEnglish) November 10, 2022
If Democrats maintain control of the US Senate or whether Republicans get a majority will depend on the results of the Senate election results in the states of Georgia, Arizona, and Nevada. In order to take control of the upper chamber of Congress, Republicans must triumph in two of the three states.
Furthermore, Biden asserted, during a news conference, that there was no meddling with the US midterm election voting process.
According to Biden, "The states across the country saw record voter turnout and the heart and soul of our democracy, the voters, the poll workers, election officials, they did their job, and they fulfill their duty, apparently without much interference at all without any interference it looks like and that's a testament I think to the American people."
During the press conference, Biden reaffirmed his optimism and hope that the new Congress "will continue this bipartisan approach of controlling Russia's aggression in Ukraine."