Biden admits inflation ‘unacceptably high,’ GOP warns ‘families can’t make it’

President Biden admitted Wednesday that inflation was “unacceptably high” after the annual rate of price increases surged to 9.1% in June — the highest level since November 1981 — as Republicans accused the White House of having no plan to deal with the economic emergency.

In a statement issued shortly after he arrived in the Middle East, Biden tried to deflect the horrid report by noting that it — like every other inflation report — was “out of date.”