Today, President Biden pointed to a new report showing the U.S. economy added jobs at a solid pace in May to argue that the country is well-positioned to tackle inflation, which he acknowledged remains a real concern for American families. It has also been a major liability for him.
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Speaking from Rehoboth Beach, Del., Biden said he sees “a future of stable, steady growth so we can bring down inflation without sacrificing all the historic gains we’ve made.” Biden’s comments followed the release of a Labor Department report that showed the U.S. economy added 390,000 jobs in May, a strong showing after a year of blockbuster growth. The unemployment rate remained unchanged at 3.6 percent, the Labor Department said.
Meanwhile, former Trump White House official Peter Navarro has been indicted on two counts of criminal contempt of Congress after refusing to comply with a subpoena from the House committee investigating the Jan. 6 attack on the U.S. Capitol, the Justice Department announced Friday.
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