Biden to Focus on Lowering Costs in SOTU Amid Rising Inflation

US President Biden will address inflation during Tuesday’s State of the Union speech, according to the White House, while outlining efforts to reduce prices for American families. Biden will unveil a new four-pronged strategy to combat rising costs, which have dragged down his support ratings. As consumer frustration hits back at the White House, Democrats are terrified about losing their legislative majorities in this fall’s midterm elections. The four-point plan includes producing more goods in America and strengthening supply chains, lowering the cost of everyday expenses and reducing the deficit, promoting fair competition to lower prices, assisting small businesses and protecting consumers, and removing barriers to well-paying jobs, according to officials. Biden would also shift language away from the broader Build Back Better package and focus on specific elements, an approach that has been a priority since the bill failed to clear the Senate in December due to a lack of support. With significant aspects of Build Back Better, including tackling prescription drug costs, health care premiums, child care and pre-K expenses, and energy costs, the president will call on Congress to deliver him legislation that cuts the cost of working families and reduces the deficit. WHITE HOUSE SAYS PRESIDENT BIDEN WILL DISCUSS INFLATION DURING STATE OF THE UNION ADDRESS TUESDAY — *Walter Bloomberg (@DeItaone) February 28, 2022 Biden is sch...