Biden's Inflation Mission: Making Life Affordable

U.S. President Joe Biden has prioritized lowering inflation, as highlighted by Treasury Secretary Janet Yellen. Biden has implemented key measures to reduce costs for Americans, including insulin caps, child tax credits, student debt cancellations, and affordable housing expansions, aiming to improve affordability across various sectors.

U.S. President Joe Biden has made lowering inflation a top priority of his administration, U.S. Treasury Secretary Janet Yellen said on Thursday. Yellen said Biden had taken a number of steps to reduce costs for Americans, including capping the cost of insulin to $35 for those on Medicare, expanding a child tax credit, cancelling student debt and increasing the supply of affordable housing.

"President Biden has made affordability his top priority," she said, noting that the Democrat president had also proposed ways to address the high cost of child care.