Watch Live: President Biden to give remarks on the economy as his agenda faces tests this week on Capitol Hill
CBSN
President Joe Biden is set to deliver remarks about the economy Monday at the White House as the push for a bipartisan infrastructure package and other components for the president's economic agenda heat up on Capitol Hill. The president is expected to push lawmakers to move forward with the spending proposals, arguing the plans will tackle some of the most persistent economic challenges the country faces as the country continues to recover from the pandemic.
Last month, the economy added 850,000 jobs, after two months of lower growth than economists had anticipated. The number of people filing for unemployment claims for the first time last week hit its lowest number since the pandemic began in March 2020, another sign of the economy slowly recovering. Mr. Biden's economic plan to build from the bottom up and the middle out is working, a White House official said. The president is promoting a nearly $600 billion bipartisan infrastructure framework being negotiated by a group of senators that focuses predominantly on transportation and broadband. At the same time, Democrats are working on a budget resolution for a roughly $3.5 trillion package that will address some of Mr. Biden's other top priorities, including education, child care and climate change.
Property taxes around the U.S. have long been a lightning rod for debate, with political leaders perpetually balancing the need to fund their budget priorities against the risk of alienating homeowners and businesses. This week, for example, New York City Mayor Zohran Mamdani sparked an uproar by proposing to close a budget hole by sharply raising property taxes. Edited by Alain Sherter In:

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