President Joe Biden travels to Philadelphia on Monday to mark U.S. Labor Day in a political battleground state where the White House hopes his emphasis on worker-friendly policies will help propel Biden to another victory in 2024.
from Hurricane Idalia before going to his home state of Delaware, Biden, a Democrat, plans to speak at an AFL-CIO union group event in neighboring Pennsylvania, a state that helped him defeat former President Donald Trump in the 2020 election.
The Fed has raised rates by 5.25 percentage points since March 2022 and the 30-year mortgage rate now stands above 7%. The White House notes inflation-adjusted income is up 3.5% since Biden came into office in January 2021, with lower-wage workers benefiting, and the unemployment rate is close to a 50-year low.
"Every American willing to work hard should be able to get a job, raise their family on a good paycheck, and keep their roots where they grew up," he wrote. "That’s why Bidenomics is anchored in what’s always worked best for our country: investing in America’s workers, the real heroes of our story."Reuters/Ipsos poll
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