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White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation

The Biden administration blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the U.S. Labor Department.

The Biden White House blames Russia for the expected increase in U.S. CPI. (Joe Daniel Price/Getty Images)
The Biden White House blames Russia for the expected increase in U.S. CPI. (Joe Daniel Price/Getty Images)