One year ago, on August 16, 2022, President Biden signed the Inflation Reduction Act into law – the largest investment in clean energy and climate action ever. The Inflation Reduction Act is a transformative law that is helping the United States meet its climate goals and strengthen energy security, investing in America to create good-paying…
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Statement from President Joe Biden on the November Consumer Price Index
Today’s report demonstrates continued progress bringing inflation down and lowering costs for American families. Inflation is now at 3.1 percent — down by nearly two thirds from its peak. Inflation has come down while unemployment has remained below 4 percent for the longest stretch in 50 years, which means that workers’ wages and household wealth are…
Statement from National Economic Advisor Lael Brainard on March PCE Report
While inflation has fallen more than 60% from its peak, today’s report reinforces the importance of our ongoing work to bring costs down. President Biden is fighting to lower the biggest bills families face. The President has secured legislation to lower costs for health care, prescription drugs, and insulin. He has called on Congress to…
FACT SHEET: Bidenomics Has Driven $500 Billion in Private Sector Investments Across the Country, Is Growing South Carolina’s Economy From the Middle Out and Bottom Up
President Biden to visit West Columbia, where Enphase Energy is announcing new manufacturing investments and a partnership with Flex, resulting in up to 600 new jobs in South Carolina thanks to Inflation Reduction Act—while West Columbia Congressman Joe Wilson voted to repeal the Inflation Reduction Act and block his constituents from jobs and opportunity President…
Remarks by President Biden on Progress to Lower Prescription Drug Costs
National Institutes of HealthBethesda, Maryland 3:26 P.M. EST THE PRESIDENT: Well, thank you, David. And this has been a fight that I just started the other day when I was a 37-year-old senator. (Laughs.) This has been an ongoing fight not just on my part but on the part of an awful lot of people.…
Statement from President Joe Biden on the December Consumer Price Index
Today’s report shows that we ended 2023 with inflation down nearly two-thirds from its peak and core inflation at its lowest level since May 2021. We saw prices go down over the course of the year for goods and services that are important for American households like a gallon of gas, a gallon of milk,…
WHAT THEY ARE SAYING: President Biden Marks Earth Day 2024 with Historic Climate Action
Yesterday, to celebrate Earth Day 2024, President Biden traveled to Prince William Forest Park in Triangle, VA, a national park system site developed by FDR’s Civilian Conservation Corps, to announce $7 billion in awards through EPA’s Solar for All program and unveil major steps to advance the American Climate Corps. Building on the President’s climate,…
Statement from President Joe Biden on the November Jobs Report
The economy created 199,000 jobs in November, for a total of over 14 million jobs since I took office. That’s more than 14 million additional Americans who know the dignity and peace of mind that comes with a paycheck. The unemployment rate has remained below 4% for 22 months in a row, and inflation has…
WHAT THEY ARE SAYING: One Year Anniversary of the Inflation Reduction Act
Yesterday, the Biden Administration celebrated the one-year anniversary of the Inflation Reduction Act (IRA) – a key piece of the President’s Bidenomics agenda to grow the economy from the middle out and bottom up – which reduces costs for Americans, invests in America, makes the tax code fairer, and takes the most ambitious climate action…
FACT SHEET: The President’s Budget Lowers Costs for the American People
President Biden is fighting to lower costs for American families and has made lowering costs his top domestic priority. From the first days of the Administration, the President has moved swiftly to deliver results for the American people and grow the economy from the middle out and bottom up. Since the President took office, the…
