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Biden IRA Anniversary Speech Underway Shortly

US

14:30 ET 19:30 BST: President Biden is shortly due to deliver a major speech - his second in two days - to mark the one-year anniversary of the Inflation Reduction Act. Livestream

  • Biden will again be tasked with bridging an information gap amongst voters on his economic agenda. Polling suggests that voters continue to rate Biden’s handling of the economy poorly and report a lack of familiarity with Democrat legislation like the IRA, despite a publicity blitz from the White House.
  • Yesterday in Wisconsin, Biden said: “The Financial Times and the Wall Street Journal started calling my plan -- not initially as a compliment – ‘Bidenomics.’ But guess what, folks? They’re talking about it differently now. It’s working… because we’re investing in America.”
  • Biden said: “According to Morgan Stanley and Goldman Sachs, my plan is leading to a boom -- they called it a boom -- in manufacturing and manufacturing investment…”
  • Treasury Secretary Janet Yellen wrote in an op-edfor the Wall Street Journal yesterday: “The Inflation Reduction Act is a turning point in the national effort to preserve the planet and to shape a prosperous, inclusive and resilient economic future.”

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