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Biden Says GDP Report Shows Economy "Remains Strong"

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President Biden has issued a statement on today's GDP report saying that, despite a downshift in growth, the economy remains strong. Biden adds that, "we have more work to do," to bring down costs for working families, namechecking his signature policies on 'junk fees' and measures to lower prescription drug costs.

  • Biden: "Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any presidential term in the last 25 years—including 3% growth over the last year—while unemployment has stayed below 4% for more than two years."
  • Biden adds: "Congressional Republicans have no plan to lower costs. They are fighting to give the wealthy and big corporations more tax cuts while cutting programs like Social Security, Medicare and the Affordable Care Act."
  • Kathryn Watson at CBS reports that former President Donald Trump delivered ad hoc remarks to the press on the report outside the Manhattan courtroom where his 'hush money' trial is ongoing.
  • Watson: "Trump at court trashes the 1.6% GDP news, says it's going to keep going south "The stock market is, in a sense, crashing.""
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President Biden has issued a statement on today's GDP report saying that, despite a downshift in growth, the economy remains strong. Biden adds that, "we have more work to do," to bring down costs for working families, namechecking his signature policies on 'junk fees' and measures to lower prescription drug costs.

  • Biden: "Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any presidential term in the last 25 years—including 3% growth over the last year—while unemployment has stayed below 4% for more than two years."
  • Biden adds: "Congressional Republicans have no plan to lower costs. They are fighting to give the wealthy and big corporations more tax cuts while cutting programs like Social Security, Medicare and the Affordable Care Act."
  • Kathryn Watson at CBS reports that former President Donald Trump delivered ad hoc remarks to the press on the report outside the Manhattan courtroom where his 'hush money' trial is ongoing.
  • Watson: "Trump at court trashes the 1.6% GDP news, says it's going to keep going south "The stock market is, in a sense, crashing.""