2 weeks Ago By HeadTopics.com
President Joe Biden speaks at a reception in celebration of Hispanic Heritage Month at the White House in Washington, D.C., on Sept.
18, 2024.In remarks on Thursday at the Economic Club of Washington, D.C.
, President Biden will celebrate the progress of the American economy, but stop short of declaring victory, senior advisors told ABC News on a call previewing the remarks. But Zients added that Biden and Vice President Kamala Harris are still looking ahead to the work that is not finished, pointing to the cost of childcare and housing as two of the biggest areas. National Economic Adviser Lael Brainard also talked about the Federal Reserve's Wednesday rate cut announcement and how recent data is a good sign, but also noted that costs are still high for American families.
"The president will note this hard won progress, but emphasize that we must continue to work together to tackle long standing affordability challenges for middle class families," Brainard said. "America needs more housing. We have summarized this news so that you can read it quickly.
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