3 sources·Politics

Biden Defends Economic Legacy Ahead of Transition to Trump

President Biden addresses his economic record and the transition of power to President-elect Trump during a speech at the Brookings Institution.

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Updated: Dec 10th, 2024, 4:18 PM ET

Summary

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In a speech at the Brookings Institution, President Biden advocated for his 'middle-out, bottom-up' economic approach while highlighting significant economic achievements and defending against criticism. With inflation impacting American lives, Biden claimed Trump would inherit a strong economy, despite ongoing struggles with high grocery prices. A new website was launched to further promote Biden's economic successes, emphasizing cumulative GDP growth outpacing his predecessors. The administration also allocated $6.2 billion to Micron Technology for domestic chip manufacturing, aiming to bolster supply chains and job creation.

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