Inflation in America is higher than it has been at any point in nearly 40 years.
Watch President Joe Biden's full remarks from his first State of the Union address as he vowed to check Russian aggression in Ukraine and "build a better America."
"Now our infrastructure is ranked 13th in the world," Biden said."We won't be able to compete for the jobs of the 21st Century if we don't fix that." Biden proposed capping the cost of insulin to $35 a month and letting Medicare negotiate lower prices for prescription drugs."Middle-class and working families shouldn't have to pay more than 7% of their income for care of young children," he said."My plan will cut the cost in half for most families and help parents, including millions of women, who left the workforce during the pandemic because they couldn't afford child care, to be able to get back to work.
Biden wants to cut energy costs for families by an average of $500 per year while also combating climate change.
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US President Biden on inflation: Instead of relying on foreign supply chains, let’s make it in AmericaUS President Biden on inflation: Instead of relying on foreign supply chains, let’s make it in America Inflation UnitedStates EconomicIndicator DollarIndex SP500
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