President Joe Biden opened the first meeting his supply chain resilience Council by saying that his administration works to lower costs for U.S. households.
The second meeting of the supply chain resilience council was opened by President Joe Biden, who stated that his administration is attempting to reduce costs for American families. The second meeting of the supply chain resilience council was opened by President Joe Biden, who stated that his administration is attempting to reduce costs for American families.
President Joe Biden opened the first meeting his supply chain resilience Council by saying that his administration works to lower costs for U.S. households.
LOADINGERROR LOADING. WASHINGTON (AP) — President Joe Biden on Monday opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration was working to lower costs for U.S. families.. “We know that prices are still too high for too many things, that times are still too tough for too many families,” Biden said. “But we’ve made progress.”. Advertisement. The president has blamed inflation on issues such as supply chains and Russia’s 2022 invasion of Ukraine, while Republican lawmakers say the run-up in prices was triggered by the $1.9 trillion in coronavirus relief that Democrat Biden signed into law in 2021.. Biden used the council meeting to announce 30 actions to improve access to medicine and needed economic data as well as other programs tied to the production and shipment of goods.. He said he was tackling “junk fees,” hidden charges that companies sneak into bills just because they can and customers have no alternative.. The council follows an earlier task force that was meant to address the supply chain problems that partially fueled higher inflation in 2021 as the United States recovered from the coronavirus pandemic.. Advertisement. Inflation remains a sore point for Biden’s approval ratings ahead of next year’s presidential election. After the annualized increase in the consumer price index peaked at 9.1% in June 2022, inflation has eased to a moderate 3.2%. The slowdown has not so far improved U.S. adults’ feelings about the economy.. Biden said GOP policies would leave supply chains vulnerable, claiming that Republicans want to cut investments he has made in infrastructure and advanced manufacturing. The president also said companies that are taking advantage of inflation to boost profits are “price gouging.”. Among the 30 new actions, Biden will use the Defense Production Act to have the Health and Human Services Department invest in the domestic manufacturing of needed medicines that are deemed crucial for national security. The Cabinet agency has identified $35 million to invest in the production of materials for injectable medicines.. The federal government will also improve its ability to monitor supply chains through the sharing of data among agencies. The Commerce Department has developed new tools to assess risks to the supply chain and has partnered with the Energy Department on the supply of renewable energy resources. Shipping companies are beginning to use new data resources from the Transportation Department on freight logistics.. The supply chain group is co-chaired by Lael Brainard, the White House National Economic Council director, and Jake Sullivan, the White House national security adviser. Other members include heads of Cabinet departments, the U.S. trade representative, the chair of the White House Council of Economic Advisers and the directors of National Intelligence, the Office of Management and Budget, and the Office of Science and Technology Policy.. Advertisement. Support HuffPost. The Stakes Have Never Been Higher. At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.. Our News, Politics and Culture teams invest time and care working on hard-hitting investigations and researched analyses, along with quick but robust daily takes. Our Life, Health and Shopping desks provide you with well-researched, expert-vetted information you need to live your best life, while HuffPost Personal, Voices and Opinion center real stories from real people.. Help keep news free for everyone by giving us as little as $1. Your contribution will go a long way.. At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.. Help keep news free for everyone by giving us as little as $1. Your contribution will go a long way.. As the 2024 presidential race heats up, the very foundations of our democracy are at stake. A vibrant democracy is impossible without well-informed citizens. This is why HuffPost’s journalism is free for everyone, not just those who can afford expensive paywalls.. We cannot do this without your help. Support our newsroom by contributing as little as $1 a month.. As the 2024 presidential race heats up, the very foundations of our democracy are at stake. At HuffPost, we believe that a vibrant democracy is impossible without well-informed citizens. This is why we keep our journalism free for everyone, even as most other newsrooms have retreated behind expensive paywalls.. Our newsroom continues to bring you hard-hitting investigations, well-researched analysis and timely takes on one of the most consequential elections in recent history. Reporting on the current political climate is a responsibility we do not take lightly — and we need your help.. Support our newsroom by contributing as little as $1 a month.. Support HuffPost. Related. bidenSupply Chain Council Meeting. Ex-National Security Official Arrested On Hate Crime Charges After Harassing Food Vendor. Biden And Family Celebrate Thanksgiving With Polar Bear Plunge. President Biden’s Bonfire Of A Birthday Cake Gets Roasted Online
