President Donald Trump rescinded an executive order issued by former President Joe Biden aimed at finding new models for lowering drug costs. Trump's action didn't affect the caps on seniors' drug costs or Medicare price negotiations that Biden signed into law.
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
Shortly after Biden took office in January 2021, inflation began to surge. The Covid-19 pandemic and the supply-chain crisis that followed, combined with generous stimulus spending and Russia’s invasion of Ukraine in early 2022 had created a perfect storm of inflationary pressures that resulted in prices climbing faster than they had since the early 1980s.
Joe Biden is about to leave office with a series of missteps that have tainted his legacy as president, experts told Newsweek. Newsweek has contacted the White House for comment via email. Biden entered office in January 2021 with a promise to provide a sharp contrast what some perceived as a chaotic Donald Trump administration.
As President Joe Biden gets ready to leave office, we consider his accomplishments, failures, and what his legacy will be.
It is report card time for the 46th president of the United States. Unfortunately for President Joe Biden, he does not make the grade.
President Biden's approval declined after the U.S. withdrawal from Afghanistan and fell even further amid the nation's inflation woes.
Biden said Republican-led states "really screwed up in terms of the way they handled their economy" in the wake of the COVID-19 pandemic.
The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the fourth quarter.
The Republican-controlled Senate on Wednesday confirmed Lee Zeldin to lead the Environmental Protection Agency, a key role to help President Donald Trump fulfill his pledge to roll back major environmental regulations, including those aimed at slowing climate change and encouraging use of electric vehicles. The vote was 56-42 in Zeldin's favor.
The Trump White House says former President Joe Biden is to blame for skyrocketing egg prices. White House press secretary Karoline Leavitt held her first briefing in her new role Tuesday, during which inflation and egg prices specifically were raised on multiple occasions.
White House reporter for the Washington Examiner, Christian Datoc, asked the final question at this term's first WH press briefing about the increasing cost of eggs. Press secretary Karoline Leavitt answered: "We also have seen the cost of everything -- not just eggs,