President Joe Biden will sit down Friday with business executives and labor leaders to highlight recent progress in combating inflation and steadying the economy, a White House official told CNN
Biden will sit down in person and virtually with the top executives at Ford, Kaiser Permanente and Carrier as well as the presidents of the Service Employees International Union and United Food and Commercial Workers in a meeting designed to call attention to recent economic progress and seek out ideas to bring inflation down further, the official said. Biden will be joined by Treasury Secretary Janet Yellen and his top economic adviser Brian Deese.
” Biden is also expected to tout key provisions of the Inflation Reduction Act that he signed into law last summer, which will take effect at the beginning of next year. The law’s provisions capping monthly insulin co-pays at $35 per prescription for seniors on Medicare and making certain vaccines free for Medicare Part D recipients kick in on January 1, 2023.
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