“Biden Holds Republicans Responsible for Debt Limit Crisis”
President Biden Talks Investments and Progress in America
President Joe Biden spoke at the “Investing in America” meeting and announced good news on the country’s growing economy. Biden noted that the employment report announced this morning recorded over 250,000 employment increases last month, signaling signs of economic growth. He also stated that the unemployment rate had fallen to 3.4 percent, the lowest level in 50 years, with the unemployment rate of blacks also falling to a record low.
In addition to the decrease in unemployment, Biden also talked about the decrease in inflation, which has been falling for nine months in a row, dropping by 40 percent since last summer. Despite the progress, Biden mentioned that there is still more work to do, but the country is moving in the right direction.
Regarding the “Investing in America” program, Biden stated that significant progress has been made. He noted that he will tell Congress leaders to avoid default next week and that they can discuss where to cut spending and how to get the tax system to a fair point. However, he added that this discussion should not be under the “threat of default on debt.”
Lastly, Biden spoke about the country’s progress in the last two years and argued that the budget limit impasse was a “manufactured crisis” driven by the “MAGA Republicans” in Congress. Despite the political tension, Biden affirmed that the country is making progress and moving forward.
