Joe Biden has said he “appreciates” American voters are “frustrated” as the cost of living crisis continues to bite stateside. Mr Biden, who entered the White House after defeating Donald Trump in the 2020 US Presidential Election, addressed concerns about living costs as he delivered a speech in Washington yesterday.
The 46th President also pledged to crack down on so-called junk fees which banks and other companies charge customers.
The move could save customers more than $1billion (£859million), Mr Biden has claimed.
Speaking in the US capital, Mr Biden said: “It’s gonna take some time, and I appreciate the frustration of the American people.”
The announcement comes after consumer prices rose by more than expected in September even though it was marginally lower when compared to the previous month at 8.2 percent.
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According to the Telegraph, the cost of living crisis appears to have contributed to a slump in support for Mr Biden and his Democrat Party colleagues.
Analysis conducted by the polling website FiveThirtyEight suggests that it is a “dead heat” in the Senate, with Mr Biden’s party “slightly ahead”.
But key races in Georgia and Pennsylvania are currently on a knife edge.
However, Republicans have been given a four-in-five chance of taking the House, according to FiveThirtyEight.
Conceding the race on November 8 had tightened, Mr Biden recently said: “It’s been back and forth with them ahead, us ahead, them ahead.”
The POTUS added that the polls were “all over the place”.