President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
Shortly after Biden took office in January 2021, inflation began to surge. The Covid-19 pandemic and the supply-chain crisis that followed, combined with generous stimulus spending and Russia’s invasion of Ukraine in early 2022 had created a perfect storm of inflationary pressures that resulted in prices climbing faster than they had since the early 1980s.
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."
As President Joe Biden gets ready to leave office, we consider his accomplishments, failures, and what his legacy will be.
The president can believe what he wants to believe, and at this point, there appears to be no convincing him otherwise.
President Biden calls his economic and climate programs "the most significant investment in America since the New Deal." Here's the breakdown.
Historians say it will take years to fully assess Joe Biden's legacy, but several spoke to ABC News to offer a glimpse of their view on his presidency.
President Joe Biden will leave the White House with ... according to the Economic Policy Institute. High inflation was Biden’s (and, ultimately, presidential candidate Vice President Kamala ...
and having brought down decades-high inflation without triggering a recession. (CNN) — President Joe Biden will leave the White House with a strong economy, historic gains in the job market ...
Making good on campaign promises to challenge federal overreach, new Attorney General J.B. McCuskey joined his first multi-state lawsuit since being sworn in last week as the state’s top attorney. The Attorney General’s Office announced Wednesday that it was joining with 22 other states to file a lawsuit in the U.
Trump administration dawns — or, for his opponents, descends — on America, an interesting and unusual discussion has emerged over the broader meaning of Trump's victory.