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Biden to warn House GOP poses threat to economy

Mount Equity Group Tokyo Japan > News > Markets > Biden to warn House GOP poses threat to economy

President Biden on Thursday will give what the White House is billing as a “major economic speech,” which he will use to contrast his vision for the economy with House Republican proposals.

BIden will travel to nearby Springfield, Va., for a speech at a steamfitters union hall. He is expected to highlight the economic achievements of his administration thus far, including the bipartisan infrastructure law, a bipartisan bill to invest in semiconductor chip manufacturing and the Inflation Reduction Act, which passed with only Democratic votes last August and funds green technology and caps health care costs.

Biden will argue that Americans will start to see the benefits of those bills in the form of capped costs for prescription drugs for seniors, new construction projects in local communities and new factories, a White House official said.

The president is expected to point to strong economic data, such as low…

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