Washington, D.C. — Today, the Center for American Progress released a new column examining key actions the Biden administration has taken to strengthen the U.S. economy and weather global headwinds. The piece comes a day before President Joe Biden delivers a major speech on the economic progress the United States has made and just days before his State of the Union address to Congress.
Among the economic interventions spotlighted include: fortifying supply chains by addressing bottlenecks at U.S. ports; lowering gas prices by tapping the Strategic Petroleum Reserve; cracking down on anticompetitive behavior among food processors; reducing health care costs; and spurring private sector investment to create jobs and cut prices for consumers.
“Recent economic data suggest that the economy is successfully transitioning from a strong and swift recovery to a period of steady and stable growth marked by solid growth, record low unemployment, and a healthy U.S. consumer,” said Rose Khattar, director of economic analysis at CAP. “This transition is a direct result of President Biden’s economic agenda creating jobs, tackling global inflation, and giving families more breathing room.”
Please click here to read “The Top 5 Actions the Biden Administration Has Taken to Strengthen the U.S. Economy” by Rose Khattar, Colin Seeberger, and Emily Gee.
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