US senator blames ‘Trump’s economy’ for squeezed budgets as midterms loom
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- US Senator Elizabeth Warren says high prices and rising borrowing costs are forcing Americans to cut spending on dining, entertainment and other nonessential goods.
- The Democrat linked the economic pressure to President Donald Trump as the US approaches the midterm elections.
US Senator Elizabeth Warren has blamed what she called “Donald Trump’s economy” for growing pressure on American household budgets as the economic impact of the war on Iran continues to weigh on consumers.
The prominent Trump critic cited a recent Bloomberg report in a post on X, saying that “high prices and rising borrowing costs are squeezing family budgets, forcing more Americans to cut back on things like bowling and dining out.”
“This is Donald Trump’s economy,” Warren wrote.
US consumers have faced higher costs amid the prolonged conflict and its impact on energy markets.
Gasoline prices reached a national average of $4.27 per gallon last month, according to the American Automobile Association, up nearly 30 percent from a year earlier.
The rise in fuel costs has added to broader concerns over household spending as Americans contend with elevated prices and borrowing costs.
The developments come as the US heads toward the midterm elections, with economic conditions expected to remain a key issue for voters.
Trump’s approval ratings have fallen into the low-to-mid 30s, according to recent polling cited in the report, as the administration faces growing scrutiny over the economic effects of the war and its impact on consumers.
