Gas-Price Ghost Haunts Trump Team as Markets Weigh Midterm Risks

1 min read
Source: Politico
TL;DR Summary

Trump’s team is scrambling as gas prices threaten to hit new highs and bond yields rise, undermining the former president’s go-to claim that his energy policy beat Biden on costs. With Iran tensions ongoing, White House officials warn of short-term pain while asserting policy tools will keep prices in check, but anonymous former Trump energy advisers describe a tense, stressed White House and limited levers to pull as voters confront high costs.

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