The plunge in U.K. assets earlier this week contributed to declines in US Treasurys.
It would mark his first major policy step on trade ties between the world's two biggest economic powers.
Some lawmakers have advanced plans to suspend the 18.4 cents-per-gallon federal gasoline tax.
The White House and congressional Democrats are in talks on legislation that aims to fight inflation.
Pushing off the president's economic agenda until next year means that the payments are unlikely to be ready for Jan. 15.
Commerce Secretary Gina Raimondo argued inflation is being driven by short-term supply chain issues.
Almost paradoxically, economic growth and financial stress are both rising simultaneously.
Joe Biden said he doesn't think there are enough Democratic votes to raise tax rates.
Sen. Elizabeth Warren assailed the central bank and its leader on the floor of the Senate.
President Biden also delivered some of his harshest criticism yet of the 25% of U.S. adults who've not been inoculated.
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