On Friday afternoon, President Biden will meet with business and labor leaders at the White House to discuss his administration’s economic achievements.
According to a White House official President Biden will “discuss the progress made in building an economy from the bottom up and the middle out, and giving Americans across the country more breathing room.”
Biden will be joined in person and virtually by Janet Yellen, Secretary of the Treasury; Brian Deese, National Economic Council Director, Marty Kay Henry, President of Service Employees International Union; and Jim Farley, the CEO of Ford.
During the meeting, Biden is looking to hear from business and labor leaders on possible action plans to tackle inflation and create a sustainable economy.
Recently Biden pitched himself as a “union guy.” He said that he is the most pro-union President in American history because US employees are the “single-best workers” in the world.
“Thanks to the President’s economic plan, the US economy has created 10 million jobs—including 700,000 manufacturing jobs—since the start of the Biden-Harris Administration,” a White House official told The Pavlovic Today.
“We are seeing initial signs that inflation is coming down: the October Consumer Price Index showed moderation in inflation, as did the October Producer Price Index released this week. Gas prices continue to decline, with gas prices down in all 50 states this week,” stated a White House official.
Biden is expected to discuss provisions of the Inflation Reduction Act that will take effect on January 1, 2023, which, according to a White House official, aims to give families “more breathing room.” The legislation will allow for monthly insulin copays at $35 per prescription for seniors on Medicare. Seniors on Medicare Part D can get free vaccines, such as the shingles vaccine. There has been a nearly 40% increase in new plan sign-ups through the Affordable Care Act, according to the White House.
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