President Joe Biden is announcing that the U.S. is banning Russian aircraft from its airspace in retaliation for the invasion of Ukraine
as a result of Russia's war in Ukraine risk exacerbating inflation in the U.S., which is already at the highest level in 40 years, eating into people's earnings and threatening the economic recovery from the pandemic. And while the geopolitical crisis in Eastern Europe may have helped to cool partisan tensions in Washington, it can't erase the political and cultural discord that is casting doubt on Biden's ability to deliver on his pledge to promote national unity.
Biden aides say they believe the national psyche is a “trailing indicator” that will improve with time. But time is running short for the president, who needs to salvage his first-term agenda to revive the political fortunes of his party before November’s midterm elections. At least a half dozen lawmakers, including Reps. Jamie Raskin and Pete Aguilar, both members of the committee investigating last year’s Capitol riot, and Sen. Alex Padilla, D-Calif., had tested positive for COVID-19 and were not expected at the Capitol for the speech.
He also planned to appeal to lawmakers to compromise on rival competitiveness bills that have passed the House and Senate, both meant to revitalize high-tech American manufacturing and supply chains in the face of growing geopolitical threats from China. As part of that push, Biden was expected to call for lowering health care costs, pitching his plan to authorize Medicare to negotiate prescription drug prices, as well as an extension of more generous health insurance subsidies now temporarily available through the Affordable Care Act marketplaces where 14.5 million people get coverage.
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