Biden Will Tout Economy, Warn Of Government Shutdown In Speech Aimed At GOP

President Biden plans to defend his stewardship of the economy in a speech Thursday aimed at cooling concerns over rising inflation and a potential government shutdown later this month that would roil U.S. markets.

Inflation rose for the second straight month in August, increasing to 3.7 percent from 3.2 percent in July, according to Labor Department data released Wednesday. The increase was driven by rising gas prices, with the national average now at $3.85 per gallon, according to the American Automobile Association.

Biden tried to look for bright spots in...