President Biden met with White House officials Monday to discuss ways the administration plans to combat rising inflation.
President meets with members of his administration to discuss ways to lower costs for working families.held a meeting with White House officials Monday to discuss the administration's plan for combating rising prices as inflation continues to surge throughout the U.S., reaching levels not seen in 40 years.
US President Joe Biden meets with members of his administration on efforts to lower prices for working families at the East room of the White House, in Washington, D.C., on Jan. 24, 2022. In remarks ahead of the meeting, the president touted an executive order he signed in July aimed at increasing competition by cracking down on larger firms in industries that the administration sees as too "consolidated," referring to the issue as a decades-old problem the federal government needs to address.
Biden then pointed to an NYU study he says showed that "between generating higher prices and lower wages, lack of competition cost the median American family household … $5,000 a year," saying, "My executive order is changing that.
US President Joe Biden meets with members of his administration on efforts to lower prices for working families at the East room of the White House, in Washington, DC on January 24, 2022.
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