Treasury chief Yellen to tout surge in domestic manufacturing
U.S. Treasury Secretary Janet Yellen on Monday is set to talk up gains for domestic manufacturing, as she and other Biden administration officials hold events to mark the one-year anniversary of the Inflation Reduction Act.
“Since January 2021, companies have committed over $500 billion in manufacturing and clean energy investments,” she will add. “The explosion in U.S. factory construction is a uniquely American story: one that we do not see replicated in other peer countries.” From MarketWatch’s archives : Biden has signed the Inflation Reduction Act. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
Republicans have been criticizing Biden’s economic policies ahead as their campaigns for the 2024 presidential election ramp up. Republican National Committee Chair Ronna McDaniel said in a statement last week that families “across the country are struggling to keep up with sky high costs and falling real wages, yet Biden continues to lie and gaslight about the state of his economy. Republicans will continue to provide a clear choice to voters next fall: commonsense over crazy.
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