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Watch Live: Biden Holds Press Conference as the U.S. Grapples With Inflation, Covid and Russia

President Joe Biden delivers remarks about the Build Back Better legislation’s new rules around prescription drug prices in the East Room of the White House on December 06, 2021 in Washington, DC.
Chip Somodevilla | Getty Images

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President Joe Biden is set to hold a formal press conference Wednesday as he marks the end of his first year in office and contends with a stalled agenda, inflation, the Covid pandemic and a potential Russian invasion of Ukraine.

He was inaugurated a year ago Thursday.

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The pandemic continues to upend the lives of many Americans. Legislation that the president campaigned on, such as the Voting Rights Act, appears doomed. His social safety net and climate change bill, the Build Back Better Act, is stalled. And the U.S. is working to avert a Russian attack on Ukraine.

All the while, the president's ratings have fallen. His disapproval rating reached an all time high in December, according to a CNBC Change Research poll.

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