February 8, 2023
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1:00Now PlayingDuring the State of the Union address, President Joe Biden touted his plan for American companies to produce more microchips.
RELATEDState of the UnionBiden touts tax bill, defends abortion rights
President Joe Biden took credit Tuesday for what he said was the country's economic revival while pushing an agenda of reducing prescription drug costs, protecting abortion rights and banning assault weapons.
The economy was reeling two years ago, Biden said in his second State of the Union address delivered in a packed House chamber. In a preview of an expected reelection campaign announcement, he noted that the unemployment rate was at 50-year low while inflation has been easing.
“We’ve been sent here to finish the job,” Biden said, invoking a phrase he used several times in his speech.
But the rancorous atmosphere in the House chamber telegraphed fights ahead, including over budget priorities and avoiding a catastrophic default on the nation’s debt. At several points in Biden’s speech, was interrupted by Republicans, who criticized his handling of border policy and pushed back when he accused them of trying to cut popular entitlements.
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