Biden to attack House Republicans in economic speech & More Trending News


WASHINGTON, Jan 26 (Reuters) – President Joe Biden will use a speech at a steamfitters union corridor on Thursday to launch an attack towards Republicans who management the U.S. House of Representatives, saying that a few of their proposals are harmful for the U.S. financial system.

Biden, believed to be laying the groundwork for a bid for re-election in 2024, will go to the union corridor in Springfield, Virginia, a Washington suburb.

Republicans seized management of the House by a slim margin in final November’s midterm elections and in the weeks since they took energy Biden has sought to painting them as out of step with the issues of Americans.

A White House official mentioned Biden will search to tie House Republicans to former President Donald Trump, the Republican who Biden ousted in the 2020 election. Biden will refer to them as beholden to Trump, who used a “Make America Great Again” slogan.

“The president will outline the biggest threat to our economic progress: House Republicans’ MAGA economic plan,” the official mentioned.

Biden has already warned he would veto Republican proposals on the strategic petroleum reserves, chopping taxes on companies and a nationwide gross sales tax ought to they attain his desk. Biden’s Democrats management the Senate.

It might be Biden’s first main economic speech of the 12 months and he’ll use it promote his report on the U.S. financial system, together with the creation of extra manufacturing jobs and a low unemployment price.

The financial system beneath Biden has been gripped by inflation however which will now be ebbing.

Biden will say his insurance policies “are laying the foundation for strong and stable growth,” the White House official mentioned.

Reporting By Steve Holland; Editing by Robert Birsel

Our Standards: The Thomson Reuters Trust Principles.

Biden to attack House Republicans in economic speech

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Biden to attack House Republicans in economic speech

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Biden to attack House Republicans in economic speech

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