Jeanna Smialek and Alan Rappeport

As inflation worries dominate, the Biden administration is struggling to take credit for infrastructure and industrial policy in the battleground state.

The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.

The Federal Reserve, like many central banks, sets policy with an eye on the domestic economy. Its battle to control prices is causing pain abroad.