WATCH LIVE: Biden delivers address about ‘Bidenomics’ plan

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Joe Biden
FILE – President Joe Biden speaks during a meeting with his “Investing in America Cabinet,” in the Roosevelt Room of the White House, May 5, 2023, in Washington. Biden is ready to take full political ownership of the U.S. economy — a reflection of the White House belief that inflation is fading, job growth is solid and voters need to know about it. (AP Photo/Evan Vucci, File) Evan Vucci/AP

WATCH LIVE: Biden delivers address about ‘Bidenomics’ plan

Bidenomics address

President Joe Biden is giving an address on his economic vision for the United States, which he calls “Bidenomics.”

On Monday, Biden announced his intention to “fundamentally change the economic direction of our country” by building the economy “from the middle out and the bottom up.”

He listed three pillars of his plan: making smart public investments in America, empowering and educating workers to grow the middle class, and promoting competition to lower costs and help entrepreneurs and small businesses thrive.

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A White House memo pointed to the economic growth during the Biden administration, arguing the president has put working-class families in a better position than they were before the COVID-19 pandemic.

Biden is scheduled to begin speaking around 1 p.m. Eastern time.

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