Tags: biden | inflation | government | spending | student debt | medicare | child tax credit

Yellen Claims Lowering Inflation Is Top Priority for Biden

Yellen Claims Lowering Inflation Is Top Priority for Biden
President Joe Biden departs from 10 Downing Street following a bilateral meeting with Britain's Prime Minister Rishi Sunak on July 10, 2023 in London. (Leon Neal/Getty Images)

Thursday, 20 June 2024 11:50 AM EDT

U.S. President Joe Biden has made lowering inflation a top priority of his administration, U.S. Treasury Secretary Janet Yellen said Thursday.

Yellen said Biden had taken a number of steps to reduce costs for Americans, including capping the cost of insulin to $35 for those on Medicare, expanding a child tax credit, canceling student debt and increasing the supply of affordable housing.

"President Biden has made affordability his top priority," she said, noting that the Democrat president had also proposed ways to address the high cost of child care.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. President Joe Biden has made lowering inflation a top priority of his administration, U.S. Treasury Secretary Janet Yellen said Thursday.
biden, inflation, government, spending, student debt, medicare, child tax credit
89
2024-50-20
Thursday, 20 June 2024 11:50 AM
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