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Free AccessBiden Remarks At White House Meeting Of Governors
President Joe Biden has spoken to the National Governors Association at the White House. He again touted successes of the bipartisan infrastructure bill and hinted at a return of the Child Tax Credit scheme. Biden’s vocal support of the Child Tax Credits scheme at public events suggests that if, and when, Build Back Better returns to Congress it is likely that Child Tax Credit scheme will be retained despite the high cost being cited by Senator Joe Manchin (D-WV) as his primary concern with the bill. In response to costing concerns the White House has sought to identify the social spending program as a remedy to rising inflation and the supply chain crisis.
Here is a summary of Biden’s remarks:
- American Rescue Plan USD$350M to state coffers.
- 364k job growth. Biggest in 20 years.
- Education fund helped keep schools open.
- Economy not back to normal yet.
- If people can afford childcare, then they can get back to work.
- 43 states have received assistance in childcare.
- ‘We are doing better than any other major nation in the world.’
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.