Biden slams Republican economic vision in speech

• McCarthy will attempt to pass his debt-ceiling bill through the House in the coming weeks to force Biden to negotiate, but divisions within the GOP conference are threatening to derail those plans.

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Biden, in his closing remarks, said: “My economic plan for the middle class is transforming our economy to be stronger, fairer, more innovative, more competitive.”

“That’s where all of you come in, without you we can’t rebuild America,” he said.

“You build the roads, the bridges, you’re going to take all those lead pipes out of our system, make it safer to generate economic growth for the country.”

Biden criticized “MAGA Republicans in Congress” for supporting cuts to food assistance programs, Medicaid, the IRS and the FBI.

• "And here's the thing, do these painful cuts actually help the deficit, do they actually reduce costs? Well, the honest answer is no," he said.