Manuel Balce Ceneta, File/AP Photo
- Biden called out House Republicans for introducing plans that he said would worsen inflation.
- This comes after new promising data on Thursday that found the economy is continuing to grow.
- One GOP plan to strip funding from the IRS would add $114 billion to the deficit over ten years, the CBO found.
In a lengthy — and sometimes loud — speech on Thursday, President Joe Biden took aim at the House GOP's economic priorities.
"They seem determined to be the party of chaos and catastrophe," Biden said.
Leading up to the midterm elections, Republican lawmakers frequently criticized the Biden administration for high inflation, and they vowed that if elected, their economic plans would lower costs for Americans.
"They campaigned on inflation," Biden said. "Then, safely elected, they plan to make it worse."