The latest news from Washington reveals a focus on the White House and the recent State of the Union speech delivered by President Biden. The speech has garnered positive reviews and increased ratings, with the White House highlighting the new jobs report. The report indicates that the U.S. economy added approximately 275,000 new jobs, surpassing expectations, although the unemployment rate slightly rose from 3.7% to 3.9%.
Transportation Secretary Pete Buttigieg emphasized that while wages have been rising faster than prices on average, not every American may be experiencing this at home. Concerns were raised about the sustainability of the economic growth, as the GDP increased by $330 billion in the fourth quarter, while it required $830 billion in debt to fund it.
