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Job fears, price spikes mean heartburn for Biden White House as economy revs up

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Reuters

By Howard Schneider and Jarrett Renshaw WASHINGTON (Reuters) – High unemployment. Rising prices. Gas lines. They’re a bad memory for Americans old enough to remember the 1970s – but they’re also likely causing a few sleepless nights in the White House, as the United States’ economic recovery from the unprecedented coronavirus recession hits some bumps. The jolts are dampening consumer confidence, ramping up inflation fears, and helping Republicans build their case against President Joe Biden and his ambitious plans to revamp the U.S. economy with trillions in new spending. As the 1970s show, h…

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