Biden Says Infrastructure Bill Will Ease Inflation Pressure
- President says $550 billion bill will create millions of jobs
- Infrastructure spending overseer to be announced next week
President Joe Biden speaks during a cabinet meeting at the White House on Nov. 12.
Photographer: Chris Kleponis/CNP/Bloomberg
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President Joe Biden said the $550 billion in fresh infrastructure spending he’ll sign into law Monday will help ease inflation that’s raising consumer alarm and weighing on his approval rating.
If implemented correctly, the measure that cleared Congress last week will “lower inflationary pressures on our economy,” Biden said Friday.