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federal deficit

Biden: Reconciliation spending package will lower inflation

July 31, 2022
Biden: Reconciliation spending package will lower inflation

President Joe Biden speaks about the economy during a meeting with CEOs in the South Court Auditorium on the White House complex in Washington, Thursday, July 28, 2022. Biden was updated on economic conditions across key sectors and industries. (AP Photo/Susan Walsh)President Joe Biden claims the latest proposed reconciliation package will bring down rampant inflation. During a press conference at the White House Thursday, he asserted the bill will lower the cost of living for Americans and even cut the federal deficit.

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