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FOXNEWS America Reports June 4, 2024 18:41:00

Team, brian deese is in the room, secretary janet yellen, u.s. department of commerce, this is a meeting on a very important day for this country that president, i believe is going to take some questions, he s remarking now, we are going to dip in and listen for a bit here. another thing congress should do, pass the inflation reduction act to lower prescription drug costs, which would reduce the deficit, i might add, and help these inflationary pressures and ensure that 13 million americans can continue to save an average of $800 a year in health care premiums. both of these bills are going to help the economy continue to grow, bring down inflation and make sure we are not giving up on all the significant progress we made in the last year. i m going to stop there and begin the meeting. thanks to the c.e.o.s for joining me, and let me start with you, brian, and thanks for ....

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FOXNEWS America Reports June 4, 2024 17:21:00

Half a trillion of new spending in the middle of this inflation and a few hours ago officially in recession, based on the traditional definition we have all been using for decades, and hours after that became formal, based on the data coming out today, the president comes to the podium, reads some words off the teleprompter to triumphantly announce tax increases as we are either in the teeth or heading into this looming recession, it s so backwards, and then he gives a few little talking points about how it s not really recession for these good reasons, no questions, good-bye and walks out. it s breathtaking. by the way, can i just i m going to credit you fully because you just told me about this. i didn t realize in this new manchin approved plan there is apparently a tax on coal? tax increase on coal. he s from coal country. how can he agree to that? sandra: as we see polls like that, and speeches like the one we just saw and heard from the president, and i go back to it ....

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FOXNEWS America Reports June 4, 2024 17:37:00

Lingering impacts of the pandemic, particularly in china, where repeated lockdowns from brought their economy to a halt. the federal reserve has primary role in bringing down inflation. the president and i are committed to taking action to drive down costs and protect americans from the global pressures we face. that includes the president s historic release of 1 million barrels a day from the strategic petroleum reserve, which helped reduce the price of gas by between 17 and $0.42 per gallon according to a treasury analysis this week. americans have seen additional relief on this front and in the last few weeks, prices have declined by over $0.60 a gallon in total. our efforts also include the work we have done to develop a cap on the price ....

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FOXNEWS America Reports June 4, 2024 17:16:00

Said about his, for lack of a better term, flip-flop, because he was absolutely against more spending. he said rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes americans are paying, lower the costs of health insurance and prescription drugs and ensure our country invests in the energy security and climate change solutions. we are not getting trillions in new spending but are gets hundreds of billions. what do you think led to his change? did he just succumb to the pressure? when people dig into the details of the bill, something in there that he wanted. it s interesting, it s health care reform, changes to the medicare program that democrats have long wanted, it s got a lot of elements to it that maybe have not surfaced all the way yet that were not in the president s speech and that s what s going to be the problem for this country and what is so broken about washington, d.c. john: and china, president biden had a two-hour c ....

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FOXNEWS America Reports June 4, 2024 18:04:00

Strongest rebound in american manufacturing in over three decades. creating 613,000, 613,000 manufacturing jobs. that doesn t sound like a recession to me. inflation, the president does admit is an issue, and now endorsing a new tax and spend bill by senate democrats he thinks would lower prices by raising taxes. it s a big deal. also for the first time in a long time begin to restore fairness to the tax code, by making the largest corporate large corporations in america pay their fair share without any new taxes on people making under $400,000 a year. biden critics on capitol hill are not satisfied with the spin from the white house arguing the president is misrepresenting new ....

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