Biden, at the opening of the meeting on “Investing in America”, pointed out that good news came from the employment report announced this morning, reminding that more than 250 thousand employment increases were recorded last month.
Noting that the unemployment rate is 3.4 percent, the lowest level in 50 years, Biden said that the unemployment rate of blacks has also fallen to a record low.
Biden emphasized that inflation, which has been falling for 9 months in a row, has decreased by 40 percent since last summer, “Obviously we have more work to do, but we are moving in the right direction.” he said.
Talking about the “Investing in America” program, Biden said that they have made progress in this regard.
Biden also referred to the budget proposal, which aims to reduce the budget deficit by approximately 3 trillion dollars in the next 10 years, reminding that he threatened to allow the country to default if the demands of some Republicans are not accepted.
Biden said he will tell Congress leaders to avoid default next week, adding that they can discuss where to cut spending and how to get the tax system to a fair point, but that “the threat of debt default”. under stressed that this should not be done.
Biden stated that they have made great progress in the last two years in the country, and after all the developments, he argued that the budget limit impasse was a “manufactured crisis” driven by the “MAGA Republicans” in Congress.