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8/15, 4:43 PM (Source: TeleTrader)
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Biden: My economic plan created 9.5M jobs in US

United States President Joe Biden underscored on Monday that his economic plan contributed to the creation of 9.5 million jobs in the country since assuming office in 2021, managing to lower the unemployment rate to a 50-year record low.

In addition, the country's 46th President stressed that US inflation has plummeted to "zero percent in July," following the release of the latest data by the Labor Statistics Bureau which revealed that the annual inflation dropped from its 40-year record high figure.

The president is expected to sign the $430 billion-worth Inflation Reduction Act into law this week, which will cut the costs of prescription drugs for average American families, while also reducing the prices of energy in the country.

Baha Breaking News (BBN) / AB