Mr. Biden [7-28-22]: It's called the Inflation Reduction Act of 2022…some of you will see a lot of similarities between [inaudible] of the Build Back Better Initiative.

[another attempt at 'Build Back Better' must fail]

Mr. Biden [7-28-22]: The bill locks in place lower health care premiums for the next three years for millions of families under the Affordable Care Act. That will mean an average savings of $800/yr for 13 million people.

[13 million people = approximately 3% of population]

Mr. Biden [7-28-22]: Both Chairman Powell and many of the, uh significant banking personnel and economists, say we're not i a recession.

[reading from slip of paper]

Biden took no questions and quickly left the room.