On Thursday, President Biden acknowledged that the Democrats' landmark Inflation Reduction Act didn't primarily focus on diminishing the nation's then-historic inflation, contrary to his previous assurances to the American public.

"I regret naming it that way. It's more about fostering alternative strategies for economic growth rather than merely addressing inflation," Biden remarked at a campaign fundraiser in Park City, Utah, as per a press pool report.

Biden explained, "Through the Inflation Reduction Act, we're actively lowering the expenses individuals incur for their fundamental necessities."

On Thursday, President Biden acknowledged that the Democrats' landmark Inflation Reduction Act didn't primarily focus on diminishing the nation's then-historic inflation, contrary to his previous assurances to the American public.
"I regret naming it that way. It's more about fostering alternative strategies for economic growth rather than merely addressing inflation," Biden remarked at a campaign fundraiser in Park City, Utah, as per a press pool report.
Biden explained, "Through the Inflation Reduction Act, we're actively lowering the expenses individuals incur for their fundamental necessities."

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