President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
Shortly after Biden took office in January 2021, inflation began to surge. The Covid-19 pandemic and the supply-chain crisis that followed, combined with generous stimulus spending and Russia’s invasion of Ukraine in early 2022 had created a perfect storm of inflationary pressures that resulted in prices climbing faster than they had since the early 1980s.
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
President Donald Trump has ordered federal agencies to “immediately pause” the spending of money from the Inflation Reduction Act, former President Joe Biden’s signature climate law that provided hundreds of billions of dollars in subsidies to clean energy and other climate initiatives.
Among President Donald Trump's volley of executive orders on inauguration day were several targeting the heart of inflation: housing and energy costs.
The president can believe what he wants to believe, and at this point, there appears to be no convincing him otherwise.
U.S. stocks closed out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up over 55% since he took office on Jan.
Historians say it will take years to fully assess Joe Biden's legacy, but several spoke to ABC News to offer a glimpse of their view on his presidency.
President Joe Biden will leave the White House with ... according to the Economic Policy Institute. High inflation was Biden’s (and, ultimately, presidential candidate Vice President Kamala ...
It is report card time for the 46th president of the United States. Unfortunately for President Joe Biden, he does not make the grade.
Joe Biden will undoubtedly paint a picture of a successful tenure as president. But I won't be fooled – and neither should other Americans.
President Biden calls his economic and climate programs "the most significant investment in America since the New Deal." Here's the breakdown.