President Joe Biden highlighted new figures showing the government's red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership.
Within an hour of Biden's remarks, Senate Republicans gathered to challenge Biden's economic policies. Their core critique is that overspending in response to COVID-19 was paired with restrictions on domestic oil and natural gas production, leading to higher gasoline prices than under Trump.
'The biggest drag on the U.S. economy right now involves the rising energy costs," said Sen. Dan Sullivan, R-Alaska. “This is purely a self-inflicted wound by the Biden administration.”
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