President Joe Biden says the government’s better-than-expected economic numbers are proof his plan ‘is working’.
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The US economy expanded at a 2.9% annual rate from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of looming recession. Speaking in Virginia, the US president referred to fiscal policies proposed by Republicans, saying ‘they're threatening to have us default on the American debt, the debt that has been accumulated for over 230 years, we’ve never done that’.
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