Biden touts economy despite soaring inflation

US President Joe Biden has empathized with Americans struggling with soaring prices for food and gas. He acknowledged that inflation is "sapping their strength."

Biden spoke on Tuesday in Philadelphia at a convention that brings together union members from across the US.

He said Republicans in Congress are doing everything they can to stop his plans to bring down costs on ordinary families. He added that this is why his plan is not finished and why the results aren't finished, either.

He defended his economic record even as inflation has climbed to heights not seen in four decades. Republicans blame his coronavirus relief measures for driving prices higher.
The president pointed to the millions of new jobs created since he entered the White House. The unemployment rate has dropped to 3.6 percent -- close to where it was before the pandemic.

He said he is working with partners in Europe to free up millions of tons of grain locked in Ukraine. He also said he is trying to help bring down the cost of fuel by convincing oil producers to release more supplies.