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France 24
France 24
Business
Charles PELLEGRIN

Confident Biden highlights strength of US economy in State of the Union speech

Economy State Of The Union United States Joe Biden Microsoft TotalEnergies China Deficit Inflation Oil
BUSINESS DAILY © FRANCE 24

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes on wealth. Also in this edition, Microsoft unveils a new version of search engine Bing, powered by AI. Finally, French oil giant TotalEnergies joins other energy majors in posting record profits.

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