Biden’s Build Back Better Bill Under Threat from Surging Prices, Goldman Sachs Says

(CNN) — Consumer prices are already rising at the fastest pace in nearly 40 years. Inflation may get worse before it gets better and that would further erode support for President Joe Biden’s Build Back Better legislation, Goldman Sachs says.

The Wall Street bank told clients Thursday that the chances Biden’s signature legislation gets enacted at all “looks lower.”

Congress is unlikely to pass Build Back Better this year, despite the fact that the child tax credit (CTC) payments will lapse if no action is taken.

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