Political Speech Comparisons

President Joe Biden visited Pennsylvania while former President Donald Trump was in court. Biden made misleading claims about Trump's statements on COVID-19 and the economy. He also inaccurately stated the impact of the Inflation Reduction Act on Medicare. Biden also made false claims about the tax rate of billionaires and Trump's stance on Social Security and Medicare. New CDC guidance advises longer isolation for COVID-19.

President Biden's Budget Proposal

President Biden's budget proposal includes $3 trillion in deficit reduction, focusing on tax increases for the ultra-rich. The U.S. is facing a large deficit, and the budget projects a decrease in the fiscal deficit by 2025. However, the plan relies on low short-term interest rates.

Transportation Secretary Pete Buttigieg on Biden's Deficit Reduction Efforts and Proposed Tax Increases

Transportation Secretary Pete Buttigieg stated that President Biden will continue to work on deficit reduction by proposing tax increases, despite the growing debt. Buttigieg highlighted that the proposed tax increase would not affect those making less than $400,000 per year.