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White House Is Quietly Modeling For $200 Oil “Shock”
For an administration that ended last year forecasting a leveling off of 40-year high inflation and eager to tout a historically rapid recovery from the pandemic-driven economic crisis, there is a level of frustration that comes with an acutely perilous moment. Asked by CNN about progress on a seemingly intractable challenge, another senior White House official responded flatly: “Which one?” The suspects behind the historic implosion are well known: “soaring prices, teetering poll numbers and congressional