Biden Cabinet officials roll out new plans to cut costs of living ahead of Trump debate
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Biden Cabinet officials, including Treasury Secretary Janet Yellen, National Economic Council Director Lael Brainard, and Transportation Secretary Pete Buttigieg, have been on a 10-day tour across the U.S. to promote President Biden's economic agenda. The tour included 29 public events in 15 states, including key battlegrounds. The officials have announced new plans to lower costs, such as temporarily lowering the out-of-pocket costs of some prescription medications for seniors and creating a $100 million affordable housing fund. The goal of the tour is to showcase Biden's economic agenda and counter Republican narratives about inflation. The tour comes as consumer confidence has slightly decreased this month. The Department of Labor is set to release weekly initial jobless claims data and an updated estimate of U.S. Gross Domestic Product on the day of the debate. The Federal Reserve will also release May data from the Personal Consumptions Expenditure index, which will further test the candidates' claims about the economy.

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https://www.cnbc.com/2024/06/26/biden-cabinet-economy-publicity-trump-debate-election.html