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      The F.T.C. Boosts Biden’s Fight Against Inflation

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      The regulator’s move to block Kroger’s $25 billion bid for Albertsons could win the president points with voters squeezed by rising prices.Kroger’s “low prices” promise has come under fire after the F.T.C. and a number of states sued to block the supermarket giant’s $25 billion bid to buy Albertsons.Rogelio V. Solis/Associated PressKroger, Albertsons and the politics of inflation A paradox at the heart of the U.S. economy is that consumers are feeling squeezed even as growth indicators look strong — and are taking it out on President Biden’s approval ratings.So the White House probably cheered a move by the F.T.C. and several states on Monday to block Kroger’s $25 billion bid to buy Albertsons, arguing that the biggest supermarket merger in U.S. history would raise prices and hit union workers’ bargaining power.The Biden administration has little influence over inflation, but it’s still getting heat. Consumers are spending the highest proportion of their income on food in 30 years, and an internal White House analysis found that grocery prices had the biggest impact on consumer sentiment.The Fed has jacked up interest rates to a 20-year-high in an effort to cool inflation, but progress on that has slowed in recent months.Biden is blaming big business. In a video released on Super Bowl Sunday, he went after “shrinkflation,” lashing out at companies for reducing packaging sizes and food portions without cutting prices. Biden is expected to reiterate that view in his State of the Union address next month.The president could point to the F.T.C.’s tough approach to M.&A. The agency operates independently, but Lina Khan, the F.T.C.’s chair, has taken the most aggressive and expansive antitrust enforcement stance in decades. That may help Biden’s message with voters that he’s fighting for their interests.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Biden Will Make Rare Visit to Southern Border on Same Day as Trump

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      President Biden is planning to make a rare visit to the southern border on Thursday, according to two people briefed on the plans, traveling to Brownsville, Texas, on the same day that former President Donald J. Trump has already scheduled a border trip.The plans underscore the urgency now propelling the Biden team on immigration, which has become one of his most serious political liabilities. Under the Biden administration, record numbers of migrants have crossed the southern border — a fact that Mr. Trump and Republicans have wielded aggressively against Mr. Biden.A majority of Americans disapprove of Mr. Biden’s job performance, and polls show that the president’s detractors cite immigration more than any other policy issue when assessing him.On his Thursday trip to Brownsville, Mr. Biden plans to meet with Border Patrol, law enforcement and local officials, according to a person briefed on the matter.Mr. Trump will visit Eagle Pass in Texas on Thursday. CNN was the first to report his planned trip last week. On the trip, Mr. Trump plans to deliver remarks from the border to highlight the immigration crisis and lay blame at the feet of Mr. Biden, according to a person close to Mr. Trump who was not authorized to discuss the plans publicly.Mr. Trump is expected to highlight crimes committed by migrants in New York and in other cities, as well as the arrest of a Venezuelan undocumented immigrant in the recent high-profile killing of a 22-year-old nursing student in Georgia, the person added. More

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      Biden Targets a New Economic Villain: Shrinkflation

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      Liberals prodded the president for years to blame big corporations for price increases. He is finally doing so, in the grocery aisle.On Super Bowl Sunday, the White House released a short video in which a smiling President Biden, sitting next to a table stocked with chips, cookies and sports drinks, slammed companies for reducing the package size and portions of popular foods without an accompanying reduction in price.“I’ve had enough of what they call shrinkflation,” Mr. Biden declared.The video lit up social media and delighted a consumer advocate named Edgar Dworsky, who has studied “shrinkflation” trends for more than a decade. He has twice briefed Mr. Biden’s economic aides, first in early 2023 and again a few days before the video aired. The first briefing seemed to lead nowhere. The second clearly informed Mr. Biden’s new favorite economic argument — that companies have used a rapid run-up in prices to pad their pockets by keeping those prices high while giving consumers less.The products arrayed in the president’s video, like Oreos and Wheat Thins, were all examples of the shrinkflation that Mr. Dworsky had documented on his Consumer World website.While inflation is moderating, shoppers remain furious over the high price of groceries. Mr. Biden, who has seen his approval ratings suffer amid rising prices, has found a blame-shifting message he loves in the midst of his re-election campaign: skewering companies for shrinking the size of candy bars, ice cream cartons and other food items, while raising prices or holding them steady, even as the companies’ profit margins remain high.The president has begun accusing companies of “ripping off” Americans with those tactics and is considering new executive actions to crack down on the practice, administration officials and other allies say, though they will not specify the steps he might take. He is also likely to criticize shrinkflation during his State of the Union address next week.Mr. Biden could also embrace new legislation seeking to empower the Federal Trade Commission to more aggressively investigate and punish corporate price gouging, including in grocery stories.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The 2024 Election May Be Decided By Nonvoters. If They Vote.

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      “I wish God gave green noses to undecided voters, because between now and election eve, I’d work only the green noses,” Matt Reese, one of America’s first full-time political consultants, liked to say.Listen to this article, read by Natalia CastellanosOpen this article in the New York Times Audio app on iOS.Decades after Reese helped John F. Kennedy win the 1960 Democratic primary, consultants no longer need to wish for divine intervention. Microtargeting — the kind of selective persuasion efforts that Reese dreamed of — has become a fixture of 21st-century campaigns. Field operatives now target swing voters house by house, carrying computer tablets loaded with polling, registration and market-research data. And everyone understands that in close presidential elections, a few thousand votes in one state or another may decide the winner.But as Americans grow more polarized in their political identities, the number of swing voters diminishes. So a different kind of inconsistent voter grows more important: one who vacillates not so much between parties or candidates but between voting and not voting. Let’s call them the “ambivalent voters.” They’re the ones who often believe that showing up at the polls just isn’t worth the hassle.Elections, historically, are decided not only by those who cast votes but also by those who don’t. President George W. Bush edged out Al Gore in the 2000 election by 537 ballots in Florida. Yet there’s a case to be made that the five million Floridians who were eligible to vote in that election but did not were the ones who really tipped the balance. And nearly half of Americans regularly join the opt-out club. According to the University of Florida Election Lab, 44 percent of citizens who were eligible to vote in 2020 did not. The political scientists Lyn Ragsdale and Jerrold G. Rusk of Rice University have calculated that from 1920 to 2012, the slice of voters who sat out presidential contests averaged 42 percent. But in any given election, those who stay home or tune out may change: Fully 25 percent of the ballots in 2020 were cast by people who didn’t vote in 2016. A “nonvoter” can transform into a voter at any time — and if most of them break in the same direction, their decision to participate can be decisive.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A U.S. Call for a Humanitarian Cease-Fire in Gaza

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      Vetoing a United Nations Security Council resolution calling for an immediate cease-fire in Gaza while circulating a softer hostages-for-cease-fire resolution of its own may have been the best of the bad options available to the Biden administration. President Biden is right to take this step. Given the scale of death and destruction in Gaza, and the prospect of more to come, he can take other measures as well that might lessen Palestinians’ suffering and loss of life.The issue is not whether Israel was justified in going after Hamas after the terrorist attack of Oct. 7. It was, and it has achieved some of its military aims. It has destroyed significant parts of Hamas’s military infrastructure and reduced its fighting force. Hamas reportedly says it has lost about 6,000 of an estimated 25,000 fighters; Israel says it has killed more than 10,000 of them.But this war, on its current course, is leading to the wholesale killing of Palestinians while Hamas gains in international standing and the remaining Israeli hostages remain captive. The United States, as Israel’s most important ally and source of military aid, should take the lead in changing that.The president was right to demonstrate sympathy and support for Israel in the days after the Oct. 7 attack. Since then, his administration has worked tirelessly with Arab allies, first mediating a brief halt in fighting in November and more recently trying to negotiate a longer cease-fire to release the Israeli hostages and to bring humanitarian relief to Gaza.Hamas launched its attack to provoke an Israeli response, knowing that the people of Gaza would be acutely vulnerable. The terrorist group hides its fighters among civilians, and built its infrastructure, including miles of tunnels, underneath homes, schools and hospitals.Since the war began, the two million people who live in Gaza have been pounded by Israeli bombardment. More than 29,000 people have been killed, according to Palestinian figures; more than half of Gaza’s homes and buildings have been destroyed, and the United Nations has raised the alarm that, cut off from supplies of food, Gazans are at risk of starvation. The death toll could soon rise sharply if Israel carries out a ground invasion of Rafah, a city in the far south of Gaza, where the military believes 10,000 Hamas fighters remain, and to which a million civilians have fled.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      U.S. Imposes Major New Sanctions on Russia, Targeting Finance and Defense

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      The Biden administration, responding to the death of Aleksei A. Navalny, unveiled its largest sanctions package to date as the war in Ukraine enters its third year.The United States on Friday unleashed its most extensive package of sanctions on Russia since the invasion of Ukraine two years ago, targeting Russia’s financial sector and military-industrial complex in a broad effort to degrade the Kremlin’s war machine.The sweeping sanctions come as the war enters its third year, and exactly one week after the death of the opposition leader Aleksei A. Navalny, for which the Biden administration blames President Vladimir V. Putin of Russia. With Congress struggling to reach an agreement on providing more aid to Ukraine, the United States has become increasingly reliant on financial tools to slow Russia’s ability to restock its military supplies and to put pressure on its economy.Announcing the sanctions on Friday, President Biden reiterated his calls on Congress to provide more funding to Ukraine before it is too late.“The failure to support Ukraine at this critical moment will not be forgotten,” he said in a statement.The president added that the sanctions would further restrict Russia’s energy revenues and crack down on its sanctions evasion efforts across multiple continents.“If Putin does not pay the price for his death and destruction, he will keep going,” Mr. Biden said. “And the costs to the United States — along with our NATO allies and partners in Europe and around the world — will rise.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      U.S. to Impose Sanctions on More Than 500 Russian Targets

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      A package of economic restrictions to be announced on Friday will be the largest since Russia invaded Ukraine two years ago.The United States plans to impose sanctions on more than 500 targets on Friday in its response to Russia over the death of the opposition leader Aleksei A. Navalny, the largest single package in a flurry of economic restrictions since the country’s invasion of Ukraine two years ago, according to a Treasury Department spokeswoman.The new measures, which are set to be rolled out by the Treasury and State Departments on Friday morning, come after the White House signaled this week that it was preparing “major” penalties after the recent death of Mr. Navalny in a Russian prison. It is not clear which sectors or individuals the Biden administration plans to target, a crucial variable in the sanctions’ ultimate expansiveness and effectiveness.As the war approaches its third year, the Biden administration has become increasingly reliant on using its financial tools to try to damage and isolate Russia’s economy. It has worked with allies from the Group of 7 nations to cap the price at which Russian oil can be sold on global markets, frozen hundreds of billions of dollars of Russian central bank assets, and enacted trade restrictions to try to block the flow of technology and equipment that Russia uses to supply its military.The United States has been closely coordinating with Europe in its efforts to cut Russia off from the global economy. This week, the European Union unveiled its 13th tranche of sanctions on Russia, banning nearly 200 people and entities that have been helping Russia procure weapons from traveling or doing business within the bloc. Britain also announced sanctions this week on companies linked to Russia’s ammunition supply chain, as well as on six Russians accused of running the Arctic prison where Mr. Navalny died.Despite the effort to exert economic pressure on Russia, it has largely weathered the restrictions. China, India and Brazil have been buying Russian oil in record quantities, and spending on the war effort has stimulated the Russian economy, which the International Monetary Fund said last month was growing faster than expected. More

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      U.S. Defends Israel’s Occupation of the West Bank at Top U.N. Court

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      A U.S. official urged judges not to call for Israel’s withdrawal from occupied territory, arguing that Israel faced “very real security needs” and that a Palestinian state must be established for a lasting peace.The United States on Wednesday defended Israel’s decades-long occupation of the West Bank and East Jerusalem, arguing at the U.N.’s highest court that Israel faced “very real security needs.”The defense came a day after the United States issued its third veto against a call for an immediate cease-fire in Gaza at the United Nations Security Council, a vote that drew an angry response from nations and aid groups that have urged a stop to the fighting to help Gaza’s civilians.The latest show of American support for Israel was at the International Court of Justice in The Hague, where Richard C. Visek, the acting legal adviser at the U.S. State Department, urged a 15-judge panel not to call for Israel’s immediate withdrawal from occupied Palestinian territory.The United States urged the International Court of Justice not to call for immediate withdrawal of Israel from Palestinian territories, and to consider the country’s security needs.Piroschka Van De Wouw/ReutersHe said that only the establishment of an independent Palestinian state “living safely and securely alongside” Israel could bring about lasting peace, repeating a longstanding U.S. position, but the prospect of which appears even more elusive amid the war in Gaza.“This conflict cannot be resolved through violence or unilateral actions,” Mr. Visek said. “Negotiations are the path to a lasting peace.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More