At a press briefing on Thursday, President Biden spoke about inflation in the United States and the southern border.
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NewsTranscript
00:00Now, let me turn to three other key issues.
00:04Just this morning, we had a great economic report showing inflation is down.
00:11Overall prices fell last month.
00:13Core inflation is the lowest it's been in three years.
00:17Prices are falling for cars, appliances, and airfares.
00:22Grocery prices have fallen since the start of the year, and we're going to keep working
00:26to take down corporate greed to bring those prices down further.
00:30Meanwhile, Trump's calling for a 10% tariff on everything Americans buy, including food
00:36from overseas, vegetables, and other necessities.
00:40And economists tell us that that would cost the average American working family another
00:45$2,500 a year.
00:48It's a tax of $2,500 a year.
00:51Second, our efforts to secure the border, southern border, is working.
00:57After Trump killed the bipartisan effort to secure the border, the Republicans and Democrats
01:01had worked on, because he thought it would benefit me and make him a loser, Republicans
01:08walked away.
01:09So I took executive action last month.
01:13As a consequence, working with Mexico, border encounters have gone down over 50%.
01:21The current level is lower today than when Trump left office.
01:26Third, for months, the United States has been working to secure a ceasefire in Gaza, to
01:34bring the hostages home, to create a path for peace and stability in the Middle East.
01:41Six weeks ago, I laid out a detailed plan in writing, was endorsed by the UN Security
01:49Council, the G7.
01:52That framework is now agreed on by both Israel and Hamas.
01:57So I sent my team to the region to hammer out the details.
02:01These are difficult, complex issues.
02:04There's still gaps to close, but we're making progress.
02:07The trend is positive, and I'm determined to get this deal done and bring an end to
02:12this war, which should end now.
02:15Let me conclude where I began.
02:17For the United States of America, we are the indispensable nation.
02:23Our leadership matters.
02:25Our partnerships matter.
02:27This moment matters.
02:29We must rise to meet it.
02:32With that, I'll take your questions.
02:35I've been given.