NewsBite

The number that sums up Biden’s biggest economic problem

The number that sums up Biden’s biggest economic problem

While price rises have cooled from more than 9 per cent to 3.4 per cent, household budgets have not recovered since Biden took office.

Matthew CranstonUnited States correspondent
Updated
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The US sharemarket has just set a record, the inflation rate has cooled, unemployment remains just below 4 per cent, and GDP is steady. But in two of the most crucial election battleground states of America, those statistics don’t mean much.

Polling in Nevada and Georgia – the states which held the narrowest of 2020 election margins – show former president Donald Trump is 13 points and 10 points respectively ahead of President Joe Biden.

EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Matthew Cranston
Matthew CranstonUnited States correspondentMatthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

Latest In North America

Fetching latest articles

Original URL: https://www.afr.com/world/north-america/the-number-that-sums-up-biden-s-biggest-economic-problem-20240517-p5jed4