Biden’s honesty about his own lack of interest came during a 25-minute speech in front of a tractor in Menlo, Iowa, that focused on allowing higher volumes of ethanol in gasoline to be sold this summer. The president said he was taking other steps to cut costs for Americans after annual inflation hit 8.5 percent in March. Biden said his bipartisan $ 1.2 trillion infrastructure bill put $ 700 million into a Mississippi River lock-up project to speed up soybean and corn shipments. “Through modern locks, we will help farmers bring their produce to markets faster, more efficiently, at a lower cost, and keep American agriculture globally competitive,” he said before adding: “Friends, the list goes on. “I’m starting to get bored of myself here, but these are important things – I think, I think.” The president went on to reiterate his call for Congress to approve a sweeping social spending plan that he said would reduce the cost of living through a variety of grants, including childcare, healthcare and green energy initiatives – although this is legal. dead due to inflation concerns of central senator Joe Manchin (D-WV). “Look, it will make a big difference for families and it’s the most effective way Congress can tackle inflation right now,” Biden said. “But even as we work with Congress, I will not expect to take action to help American families. “I do what I can with executive orders to lower the price and deal with the rise in Putin’s prices.” Inflation rose to a four-decade high of 8.5% in March, according to the Bureau of Labor Statistics. EPA / JIM LO SCALZO Biden noted that he recently ordered the release of 1 million barrels of oil per day from the US Strategic Oil Reserve, which he said could reduce gas prices by 10 to 35 cents per gallon. “This is by far the largest release of our national reserves in history. “It’s a wartime bridge to increase oil supply, as we work with US oil producers to increase their production this year.” “We have already made progress since the data on inflation were collected in March,” he said, adding that “the family budget, your ability to fill your tank, none of us should depend on whether a dictator declares war and commits genocide half. world away. “ It was the first time Biden or any US official had used the term “genocide” in connection with the conflict in Ukraine, amid reports of significant civilian casualties. Forensic police officers exhume dead civilians in Bukha, Ukraine on April 12, 2022. Mikhail Palinchak / SOPA Images / Sipa USA Republicans have criticized Biden for taking steps to curb domestic drilling and oil refining, including trying last year to stop drilling permits on federal land and pending oil pipeline projects, including the construction of the Al. It is unclear whether the Environmental Protection Agency’s emergency order authorizing the sale of natural gas using a 15% ethanol mixture will withstand legal challenges, which thwarted the Trump-era effort to expand E15 fuel. Most gasoline in the US is blended with 10% ethanol, and higher blends are usually banned between June 1 and September 15 due to concerns that it contributes to smog during the summer months. The Supreme Court in January left the current limits. An Air Force One reporter on Tuesday pressed White House spokeswoman Jen Psaki about the rationale behind the “emergency” declaration in April that will take effect in June to adopt the E15 amendment. “We’ve seen gas prices go up anywhere from 80 cents to $ 1 since President Putin invaded Ukraine, and that certainly has a significant impact on American pockets across the country,” Psaki said, without answering directly. on the ground for the emergency declaration almost two months before June. “There are several reasons to take this step,” Psaki continued. “But surely the fact that right now without this step, 2,300 service stations would have substantially covered over the E15 petrol pump – without allowing people to use the less expensive gas and not allowing additional supply to enter. at the market. “Right now, when we obviously have a foreign dictator invading another country, we want to give ourselves extra flexibility and also do what we can to reduce the cost to the American people.” Although inflation jumped 0.6% in March, it rose gradually last year – to 7.9% in February, from 7.5% in January and 6.9% in December. Republicans blame President Joe Biden for the ax of the Keystone XL crude oil pipeline. REUTERS / Todd Korol // File Biden said in December that annual inflation of 6.8% in November was most likely the “peak”. He said in July that high inflation was “temporary” when it was around 5%. Republicans generally blame government spending – including Biden’s $ 1.9 trillion Build Back Better Act and the bipartisan infrastructure bill. Biden has blamed Putin and the bottlenecks in the COVID-19 supply chain. A CBS poll released Sunday found that about 69 percent of U.S. adults disapprove of Biden’s handling of inflation. Even among Democrats, 41% disapprove of Biden’s answer.
