Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

White House: Biden put Republican lawmakers on defensive over entitlement programs

Published 02/08/2023, 12:29 PM
Updated 02/08/2023, 05:22 PM
© Reuters. President Joe Biden delivers the State of the Union address to a joint session of Congress at the Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala Harris applauds. Jacquelyn Martin/Pool via REUTERS

ABOARD AIR FORCE ONE (Reuters) - U.S. President Joe Biden put Republicans on the defensive over their threats to attack Social Security and Medicare during his State of the Union speech last night, and will continue to call them out on the issue, the White House said on Wednesday.

© Reuters. President Joe Biden delivers the State of the Union address to a joint session of Congress at the Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala Harris applauds. Jacquelyn Martin/Pool via REUTERS

White House press secretary Karine Jean-Pierre told reporters traveling with Biden to Wisconsin that there was no doubt that House Republicans had called for cuts to both programs, despite their shouted denials on Tuesday.

"Many House Republicans have called for deeply slashing Medicare, Social Security benefits," he said. "He called them out in front of million and millions of Americans who were watching ... He put them on the defensive again last night, and he's going to call them out."

Latest comments

Clueless Maximus with the exploded head. lol
under trump the billionaires increased their wealth by 1 trillion, while ordinary Americans' disposable income fell.. Disposable income per capita (adjusted for inflation): Obama $48,811 vs Trump $48,286.. the rich got richer the poor stayed poor..
Why are you here on an investing app/site? Does the envy of money attract you?
republicans have time and again shown they are all about giving to the rich and taking from everybody else. this has been true since Reagan and is still true today. unless you belong to the 1% you will never benefit from republican rule.
bill can't post links here, the source of this is bloomberg. otherwise, do your own research, maybe you'll learn something..
lmao the article about how billionaires benefitted during the pandemic? try using FRED and statista for data instead of reading someone else's research, mate. cheerio
bill the billionaires increased their wealth by nearly a trillion under trump. while the average mans disposable income decreased... the rich got rich, the poor stayed poor. if you can not comprehend these facts, there is no helping you...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.