© dpa
Spain: NATO Summit in Madrid
MADRID, Spain (77WABC) — President Joe Biden told reporters at a NATO summit in Spain Thursday that drivers will have to endure high gas prices for “as long as it takes” for Ukraine to defeat Russia’s invasion.
During his 26-minute presser, Biden also reiterated his administration’s stance that the spike in energy and food prices around the world is primarily the consequence of the Russian invasion. Biden’s comments were quickly criticized by Republicans, with at least one lawmaker calling on the administration to make the us “energy independent.”
Biden went on to defend his administration’s economic record, including by twice claiming incorrectly that inflation was lower in the us than in other developed countries.
The 8.6% annual us inflation rate in May was the highest since 1981 and higher than the eurozone’s estimated monthly average of 8.1%, Canada’s 7.7%, South Korea’s 5.4% and Japan’s 2.5%.
