A key member of President Biden’s economic team is leaving his administration. kprc2 click2houston biden economy
toward the United States’ border with Mexico, a frequent point of criticism from Republicans.
At Friday's event, Biden said his trip overseas showed “the United States is as well or better positioned as any nation in the world to lead the world on the economy in the years ahead.”However, he said that “in six short weeks, Americans are going to start to feel the effects of the Inflation Reduction Act,” the massive legislation thatHe said the law's provision to limit to $35 the cost of insulin for seniors on Medicare begins on Jan. 1.
Thousands of dollars in tax credits also will become available to help make homes more energy efficient with new windows, solar panels or heat pumps.The focus on the economy could serve as a contrast to , where they just won a narrow majority and have planned sweeping investigations into the president, his family and his administration.Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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