May 27, 2021
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1:43Now PlayingPresident Joe Biden bolstered his case for his massive spending proposals on Thursday, arguing his economic plan is working and rebutting Republican claims that rising prices and worker shortages threaten the nation’s recovery.
Biden, in a speech in Cleveland, said job creation is up with a steep drop in unemployment claims. His stance is buoyed by new figures released Thursday showing that applications for state unemployment insurance fell for a fourth consecutive week. He also touted his American Rescue Plan and infrastructure bill.
A group of Republican senators led by West Virginia’s Shelley Moore Capito publicly revealed a $928 billion counteroffer on infrastructure on Thursday, but the plan includes only about $257 billion in federal spending beyond what Congress was already expected to enact and is more than $1 trillion short of Biden’s latest proposal.
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