Neither Santa nor Grinch: Biden promises stocked shelves for Christmas




  • In Politics
  • 2021-12-01 19:37:28Z
  • By Reuters
 

By Nandita Bose and Trevor Hunnicutt

WASHINGTON (Reuters) - President Joe Biden promised on Wednesday that rising prices and goods shortages will ease somewhat even as the United States approaches the holiday season facing new threats from the Omicron COVID-19 variant.

Strong demand for goods has stretched the capacity of an economy still grappling with the novel coronavirus pandemic, sparking inflation and political risks for the Democratic president.

"I can't promise that every person will get every gift they want on time; only Santa Claus can keep that promise," Biden said. "But we're heading into a holiday season in very strong shape," he said, adding he believed store shelves would be stocked.

New data on Wednesday showed rising U.S. manufacturing activity and hiring but pointed to continued shortages of raw materials, labor and finished products, contributing to higher prices for consumers. A widely watched measure of hiring is due on Friday.

The Democratic president, who spent the weeks after his January inauguration pushing stimulus to increase demand, has spent more recent months trying to clear port logjams and lower prices on goods from meat to gasoline.

Now, the Omicron COVID variant has sparked fears that demand could slow and also keep the unemployed at home.

Biden said he would unveil new steps on Thursday to manage that outbreak but that they would not include shutdowns or lockdowns of the sort that pushed the U.S. economy into a recession last year.

Biden also said that some tightness in supplies are common during the holiday season, including the 1980s shortage of Cabbage Patch Kids dolls and of Beanie Babies in the 1990s.

(Reporting by Nandita Bose and Trevor Hunnicutt; Editing by Franklin Paul and Andrea Ricci)

COMMENTS

More Related News

Supreme Court Justice Stephen Breyer to step down, giving Biden a chance to make his mark
Supreme Court Justice Stephen Breyer to step down, giving Biden a chance to make his mark

Associate Justice Stephen Breyer has served nearly three decades on the Supreme Court. His retirement will set off a fight over his replacement.

US Supreme Court Justice Stephen Breyer to retire
US Supreme Court Justice Stephen Breyer to retire

President Biden would pick a replacement - he has previously pledged to nominate a black woman.

Democrats urge Biden to keep pledge to limit nuclear weapons
Democrats urge Biden to keep pledge to limit nuclear weapons

Letter by 55 senators and members of Congress comes amid reports Biden will make only minor changes to nuclear posture review An unarmed Minuteman 3...

'Not a Moment Too Soon': Dems Exhale as Justice Breyer Says He'll Go

Pool via GettyPresident Joe Biden just received an opportunity to nominate his first justice to the Supreme Court, and a major test of his ability to...

Liberal U.S. Supreme Court Justice Breyer to retire, media reports say
Liberal U.S. Supreme Court Justice Breyer to retire, media reports say

(Reuters) -Liberal Justice Stephen Breyer, at 83 the oldest member of the U.S. Supreme Court, will retire at the end of the court's current term that runs...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • cialis pills
    (2021-12-05 07:45:31Z)

    cialis pills https://cialiswithdapoxetine.com/# cialis online

    REPLY
  • cialis online
    (2021-12-06 20:34:54Z)

    buy cialis online https://cialiswithdapoxetine.com/# cialis price

    REPLY
  • buy cialis usa
    (2021-12-06 21:01:19Z)

    cialis 20 mg https://cialiswithdapoxetine.com/# cialis price

    REPLY

Top News: Politics