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    Joe Biden Is Ready to Go

    WASHINGTON — Everyone is frantically hunting for clues about whether Joe Biden will run again.His State of the Union speech was dissected for intimations. When he kept using the phrase “finish the job,” was that a hint?Where is Daniel Craig’s “Knives Out” detective when we need him?Asked about his decision in a Telemundo interview on Thursday, the 80-year-old president replied, “I’m just not ready to make it.”When my colleagues Frank Bruni and Michelle Goldberg, and I write “Hey, Joe, Don’t Give It a Go” columns suggesting that he bow out on top, is the president listening and pondering what we say?Nah. Guess what, political sleuths? It’s not really a Scooby-Doo mystery. No need to consult a soothsayer and tremble on the edge of your seats.Joe Biden is running. And that’s no malarkey.He has no intention of following Lear’s lead, “to shake all cares and business from our age/Conferring them on younger strengths, while we/Unburdened crawl toward death.”In his vertiginous career, Biden has felt the sensation of power slipping away, and he didn’t like it. Let Lear howl at the moon; Joe wants to strut in the sun (with his shades).I’ve spent my career studying Biden and other pols who are grasping for power, clinging to power, brandishing power and squandering power. And I can tell you this: Nobody likes to give up power. Donald Trump is the grotesque example: trying to overturn the government to keep his grip on it.Congress and the Supreme Court are replete with candidates for early-bird dinners. Ruth Bader Ginsburg made a huge mistake by staying on the court until the end, bequeathing us Amy Coney Barrett and a reversal of Roe. Dianne Feinstein and Chuck Grassley, both 89, are still in the Senate.Biden thought he could be president from the moment he hit town as a new senator in 1973. People debate now whether he’s too old to be president; but back then, he was too young to be a senator. He was 29 when he was elected, turning 30 and reaching eligibility shortly after the election.The handsome young senator told Washingtonian magazine in 1974 that he understood why he was “a hot commodity”: his youth and his “tragic fate” — his wife and baby daughter were killed in a car crash shortly after his election. The magazine compared him to “Robert Redford’s Great Gatsby in natty pinstriped suits.”“I know I can be a good president,” he said, adding, “My family still expects me to be there one of these days.”The neophyte was very self-confident, while blithely conceding his flaws. “I’m not the kind of guy everyone likes,” he said. “My personality either grabs you or it doesn’t.”His quest was a bumpy one. I wrote the stories about cribbing from Neil Kinnock and Robert Kennedy that helped knock Biden out of the 1988 race. I also wrote about his well-meaning but ham-handed performance during the Anita Hill-Clarence Thomas hearings.But just when it seemed as though Biden’s best days were behind him, Barack Obama chose him for a running mate, seeking foreign policy experience. And in a well-meaning but clumsy move that actually turned out to be brilliant, Vice President Biden managed to bring President Obama and most of the country along to the idea of embracing gay marriage.Obama shoved Biden aside for Hillary, which turned out to be a huge mistake that resulted in the execrable Trump. After being treated dismissively by the Obama team, Biden, Rocky-like, finally won the presidency, nearly half a century after he first talked about it.After that slog, he’s not about to kiss it away because some polls and pundits fret about his age.He thinks he’s doing great. There’s a spring in his step because he feels that he has outwitted the dimwitted Republicans. On Tuesday night, he made them look rude — with Marjorie Taylor Greene’s fur flying — and put them on the defensive. Republicans spent the whole week trying to get out from under his criticism that they always want to cut Social Security. But it’s a hard criticism to rebut because Republicans always want to cut Social Security.Biden has gone bigger than Obama, who was supposed to be the transformational one. The president has pushed big job-creating bills and gone after Big Pharma and big corporations. (He has also gone smaller with some crowd-pleasers, like promising to get rid of junk fees on hotel bills.) Unlike Obama, who had an aversion to selling his policies, this guy loves a good groundbreaking.In the State of the Union, the president began trying to reconnect his party to its blue-collar roots. Hillary thought she could win in 2016 with the new Democratic coalition of minorities, the elite and students. She refused to give a speech at Notre Dame and never bothered to go to Wisconsin.Wisconsin was Biden’s first stop Wednesday in his post-State of the Union blitz. He remains unapologetically Scranton Joe.So, we know, Joe. You’re in the race.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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    Biden Finds a Political Foil as He Warns of Social Security and Medicare Cuts

    President Biden used his visit to the University of Tampa to talk about what he says are Republican proposals to cut entitlements.TAMPA, Fla. — President Biden traveled to Florida on Thursday afternoon with a political gift he had not been expecting before Tuesday night’s State of the Union speech.The perfect foil.Republican outbursts during his address to Congress — and Mr. Biden’s real-time exchange with heckling lawmakers about the fate of Social Security and Medicare — gave him exactly that, and he eagerly tried to use the episode to his advantage on Thursday in an event before a small audience of supporters here.Standing in front of two huge American flags and a sign that said “Protect and strengthen Medicare,” the president made clear he relishes the fight on the issue.“I guarantee it will not happen,” Mr. Biden said of cuts to the entitlement programs. “A lot of Republicans, their dream is to cut Social Security and Medicare. Well, let me say this: If that’s your dream, I’m your nightmare.”To drive the point home, the White House placed glossy pamphlets on the seats of every attendee at the Tampa event, designed to look like the plan for a five-year expiration of all government programs put forward by Senator Rick Scott, Republican of Florida. “This means Medicare and Social Security would be on the chopping block every five years,” the White House wrote in the mocked-up pamphlet.Not so, says Mr. Scott, who blasted the president after the State of the Union on Twitter, writing that the president “once again lies about Republicans trying to cut Social Security and Medicare” and posting a video calling on Mr. Biden to resign.The truth is a bit more nuanced. Mr. Biden’s attack assumes that Mr. Scott’s plan would put the entitlement programs at risk every five years as he seeks to cut spending. Mr. Scott says his plan would not apply to those programs any more than it would to the military or other critical areas of the budget.And he notes that in 1975, Mr. Biden, then a senator himself, sponsored legislation that would also have forced regular votes to renew spending. White House officials said the president has not supported that idea for nearly a half-century and ran for president arguing the opposite.“A bill from the 1970s is not part of the president’s agenda,” said Karine Jean-Pierre, the White House press secretary.Biden’s State of the Union AddressChallenging the G.O.P.: In the first State of the Union address of a new era of divided government, President Biden delivered a plea to Republicans for unity but vowed not to back off his economic agenda.Blue-Collar Push: In his economically focused speech, Mr Biden signaled the opening of a campaign to persuade white working-class voters to return to the Democratic fold.G.O.P. Heckling: The eruptions of Republican vitriol during Mr. Biden’s speech underscored a new and coarser normal for the G.O.P.-led House.Romney-Santos Confrontation: The run-in between the Utah senator, an institutionalist who prizes decorum, and the embattled New York congressman encapsulated the tension inside the Republican Party.Still, Mr. Biden’s aides say the spirited debate has played into his hands.Mr. Biden, who is widely expected to announce a re-election bid soon, has seen his support lag in recent polls, even among Democrats, who overwhelmingly say they want someone else as their nominee in the 2024 presidential election.But Republican and Democratic strategists said the Social Security and Medicare exchange at the State of the Union helped to crystallize, on national television in front of millions of Americans, the contrast with Republicans that Mr. Biden has been struggling to deliver.The remarkable back-and-forth started when Mr. Biden accused some Republicans of threatening Social Security and Medicare — an assertion that they rejected, loudly.“Liar!” screamed Representative Marjorie Taylor Greene, Republican of Georgia.When Republicans continued to deny that they planned to cut the social programs, the president said he was happy Republicans were committing to leaving them alone..css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.Aides said the president returned to the White House late Tuesday astonished that Republicans gave him a prime-time opportunity to look commanding on an issue that resonates deeply with many Democrats, Republicans and independents.“That moment — if Republicans don’t do something to fix it — could present the perfect contrast that Biden would need going into 2024,” said Kevin Madden, who served as a senior adviser to Senator Mitt Romney, Republican of Utah, during Mr. Romney’s two presidential campaigns, in 2008 and 2012.Mr. Biden had always planned to use his visit to the University of Tampa to warn about cuts to entitlements. But despite months of warning about “MAGA Republicans,” Mr. Biden had so far failed to make the threats seem real to voters.Since he defeated President Donald J. Trump in 2020, Mr. Biden has had difficulty conjuring a useful political villain, in part because Democrats controlled the White House and both houses of Congress. For much of his first year, Mr. Biden seemed to be fighting more with his own party — specifically, Senators Kyrsten Sinema of Arizona and Joe Manchin III of West Virginia — than with Republicans.During the 2022 midterm elections, many Democratic congressional candidates won by connecting their opponents to Mr. Trump and the “Big Lie” that the 2020 election had been stolen. A senior White House adviser, who asked for anonymity to discuss political strategy, said that since those elections ended, Mr. Biden has been hampered by having no well-defined opponent (and only Mr. Trump as a declared candidate for 2024).Anita Dunn, a senior adviser to Mr. Biden and one of his top communications aides, said the scrimmage between the president and House Republicans on Tuesday night should provide Americans with a more visceral understanding of what the president has been talking about.“Clearly, having the House Republican caucus behaving the way they are, and are signaling strongly they will continue to behave, is going to give the president an easy contrast,” she said. “What the House Republican caucus is doing for him is giving him a way to draw a contrast between what he is for — what he’s trying to get done, and who he’s trying to get it done for — with the House Republicans.”Republicans accuse Mr. Biden of lying about their intentions. Many, including Speaker Kevin McCarthy, say they are not willing to consider any proposals to cut funding for Medicare and Social Security to pay for desired reductions in the nation’s debt and deficit. When Mr. Biden suggested the opposite Tuesday night, Republicans erupted in boos.At times, Mr. McCarthy seemed to be trying to shush his members, a sign that he did not see their outbursts as helpful to their cause.But Republicans so far have not said how they propose to reduce spending by a large enough amount to achieve their debt reduction goals. And there have been several notable Republicans who have proposed ideas like making all laws expire after five years unless lawmakers renew them — an idea that Mr. Biden says means Social Security and Medicare would go away automatically if such a vote failed.The debate over entitlements is a complicated one, and Republicans have recently seized on the annually proposed rate adjustments for Medicare Advantage programs that are add-ons to traditional Medicare operated by private insurance companies.The government says the adjustment is an increase of about 2 percent in payments to the plan providers. But the insurance industry says other proposed changes would actually mean a reduction of almost 3 percent — or about $3 billion — in payments from the government.In other words, say Republicans, a cut. They are already using the proposal to deflect the president’s own accusations about the entitlement programs.“It’s President Biden who is proposing to cut Medicare Advantage, a program used by almost four in 10 Arkansas seniors,” Senator Tom Cotton, Republican of Arkansas, said on Twitter this week. “This would be a mistake.”The rate proposal, which must be finalized by April, comes on the heels of another announcement from the Centers for Medicare and Medicaid Services that they would be cracking down on private insurance companies that are overcharging the government through the Medicare Advantage programs.Administration officials call that move, which was begun years ago under Mr. Trump’s administration, a needed effort at financial accountability that could save taxpayers $4.7 billion over 10 years. Opponents of the audits are preparing to take legal action.Mr. Madden said the White House is smart to maximize the impact of the exchange between Mr. Biden and the Republicans during what has traditionally been a decorous gathering of the nation’s leaders.He said the television coverage of the exchange had focused on the most extreme voices in the Republican Party, like Ms. Greene, who have “a sort of a political appeal that’s toxic in many swing states and in the most important areas of swing states, like suburbs.”But he cautioned that even the most astonishing moments from State of the Union speeches “tend to melt on contact,” evaporating quickly in the ever-changing news cycle. More

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    Is Biden Too Old to Run Again?

    More from our inbox:What to Do About America’s Huge DeficitThe Purpose of TaxesTalking to the Police Pool photo by Saul LoebTo the Editor:Re “Biden’s a Great President Who Shouldn’t Run Again,” by Michelle Goldberg (column, Feb. 7):Ms. Goldberg regrettably parrots the age prejudice coming from the right and, more slyly, from the left. Our culture values a package’s wrappings over its contents, and this is at play here.If we had not begun to confuse Hollywood entertainment with Washington governance decades ago, we would prize the elusive attributes of “character” and “wisdom” and “experience” and vote accordingly, regardless of age.We have been fortunate to have Joe Biden at the helm at this time of multiple threats: war, climate, Covid, the economy, Donald Trump’s weakening of our governmental institutions. Mr. Biden’s political instincts have re-established our stature on the world stage, an enormous feat that insular Americans ought to credit and applaud.Who has both the domestic and international savvy of Mr. Biden at this critical juncture? I do not believe that we should elect someone to the presidency in 2024 who has to learn on the job.Americans tend to embrace change for change’s sake. We need to resist this tendency and instead choose substance and experience.Dorothy NelsonNew OrleansTo the Editor:I am 84 years old. I think President Biden is an excellent president, but I do not want him to run for re-election. If he does, I will vote for a younger candidate in the primary.There is a time, a season, for everything. There is a time when those of us who are old should step aside to allow our younger colleagues to step up. We can still give our opinions on public policy, but we should retire from active duty.Please, President Biden, do not run for re-election.Priscilla AlexanderNew YorkTo the Editor:Michelle Goldberg writes, “In some ways, the more sympathetic you are to Biden, the harder it can be to watch him stumble over his words, a tendency that can’t be entirely explained by his stutter.”As a lifelong stutterer I can say that stuttering is more than just struggling with awkward syllables. Those of us so afflicted can often find our mouths saying things that our brain is not totally connected with. Stumbling over words can be entirely explained by stuttering.Jerome FreedmanBurlington, Mass.To the Editor:I agree with Michelle Goldberg that President Biden has had a many great accomplishments as president but that his age should preclude him from running again, as supported by common sense and polling. The problem is finding an electable alternative.Ms. Goldberg says the Democrats have a “deep bench” but offers only Gov. Gretchen Whitmer, who has a limited national profile, and Senator Raphael Warnock, who has been a senator for only two years and only narrowly beat the very flawed candidate Herschel Walker.However, very experienced candidates can be found in the U.S. Senate. Such a list would include Cory Booker, Sherrod Brown, Chris Murphy, Chris Van Hollen and Sheldon Whitehouse. I don’t understand why they don’t get more mention as possible great successors to Mr. Biden.Richard GoetzDelray Beach, Fla.To the Editor:A president’s legacy is a precious commodity. President Biden could be the rare one-termer who is looked back upon with affection and admiration. However, his apparent inability to recognize, in Michelle Goldberg’s words, that “the time has come for a valediction” doesn’t mean that Democrats must sit on their hands.A primary challenge by one of the 2020 Democratic presidential hopefuls could test the proposition that competing against the incumbent for the 2024 nomination would be a bad thing for the party or the country.Someone like Senator Amy Klobuchar, for example, could mount a positive challenge that extols the accomplishments of President Biden’s first term (successes for which she can share claim) without explicitly calling into question his competence or fitness for a second term. Her focus in the Senate on the enforcement and enhancement of antitrust law offers the potential to draw a distinction with Republicans’ deference to big business while building on Mr. Biden’s long commitment to organized labor.The numbers do not lie. Americans are dissatisfied with the political status quo and ready for a change. A challenge to President Biden could address this discontent without dismissing the accomplishments of the man who has led the country so ably during difficult times.After a career in public service that has spanned nearly 50 years, I say, let the Biden legacy begin.Rob AbbotCroton-on-Hudson, N.Y.What to Do About America’s Huge Deficit Illustration by Rebecca Chew/The New York Times; photograph by TokenPhoto, via Getty ImagesTo the Editor:Re “The Answer to America’s Debt Problem,” by Binyamin Appelbaum (Opinion, Jan. 28):Tax increases as a strategy for deficit reduction would be dead on arrival.Mr. Applebaum rightly identifies the federal deficit as a serious problem facing our country. However, offering tax increases as the silver fiscal bullet is impractical.Politics is the art of the possible. With Republicans controlling one branch of government, any deficit strategy that relies on tax increases is D.O.A.What can be done instead? Start by strengthening the pay-as-you-go (PAYGO) rules to make sure future tax cuts and/or increased spending are paid for. Simultaneously, require Congress to adopt a “real” budget, as state and local governments do — one that includes entitlements and multiyear appropriations, not mainly discretionary expenditures.Facilitating comparisons of budget estimates to actual fiscal performance would, at the very least, hold our federal officials accountable for unrealistic projections.Nothing can alter the course of a Congress intent on runaway spending. But prescribing measures that fly in the face of political reality without offering more practical alternatives only undermines the public’s understanding of the nation’s significant long-term fiscal challenges.Michael GranofMartin J. LubyAustin, TexasMr. Granof is emeritus professor of accounting at the McCombs School of Business at the University of Texas at Austin. Mr. Luby is the associate dean and an associate professor at the L.B.J. School of Public Affairs at the university.To the Editor:I count nobody as being serious about the deficit unless they are willing to look at both sides of the ledger: expenses and revenue. Yes, we spend too much and no doubt some of it unwisely and unnecessarily.But we are also not serious about the revenue issues — failing to collect taxes owed under current law, and countenancing a tax code that only the very wealthy can appreciate, beginning with the failure of Congress to repeal the egregious “carried interest” loophole.If average Americans could truly wrap their heads around this particular abuse, they would be furious.Peter D. NallePhiladelphiaThe Purpose of TaxesTo the Editor:Re “Biden Urges G.O.P. to Work With Him to Build Economy” (front page, Feb. 8):As a Democrat and a liberal, I strongly believe that the government has a role in improving people’s lives and that business entities have obligations to society as well as to their owners. Nevertheless, I regard President Biden’s proposal in his State of the Union address to raise the taxes on corporations’ purchases of their own stock as misguided.These taxes are intended to deter stock buybacks and instead promote investment in new ventures. But in a capitalist society the purpose of tax laws should be to raise revenue, and they should be judged by their fairness and efficacy in doing so. Taxes should not be used to encourage or discourage specific business decisions within the purview of corporate boards.Alma Suzin FleschNew YorkTalking to the Police Jim Weber/Santa Fe New Mexican, via Associated PressTo the Editor:In “Alec Baldwin Didn’t Have to Talk to the Police. Neither Do You” (column, Jan. 26), Farhad Manjoo raises an issue faced by many caught up in an unexpected, often emotionally charged moment.As a criminal investigator over a 35-year career, I have seen how remaining silent cuts both ways. Your right to remain silent is uncontested, but the police may be and often are much more interested in you as a result.The innocent should never put themselves in this position. What’s the harm in waiting for an attorney? If it’s your real estate or tax attorney whose criminal law knowledge is drawn from “Law & Order” reruns, you’re in trouble. And as the column suggests, you might inadvertently admit some wrongdoing.Richard FriedmanPittsburgh More

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    Abortion Rights Supporters See Biden Address as Missed Opportunity

    While praising the administration’s actions so far, activists say the State of the Union speech could have done more to address what they view as a national health crisis.During the midterm campaigns, Democrats spent months focused on the demise of federal abortion rights and the danger they said it posed to all Americans.In his State of the Union speech, President Biden spent roughly 42 seconds.The White House says that it used the moment to call on Congress to reinstate the protections provided under Roe v. Wade, and that it has taken the most aggressive approach to abortion rights of any administration in history. But some abortion rights supporters said they saw the brief mention as a missed opportunity to leverage the power of the bully pulpit in what they often describe as a national health crisis. They were also mystified that the president passed up a chance to play up his own record, which nearly all praised.“President Biden’s remarks on the Supreme Court’s reversal of Roe v. Wade were disappointing and a lost opportunity,” said Nancy Northup, president and chief executive of the Center for Reproductive Rights, which argued the case over Roe at the Supreme Court. “As demonstrated resoundingly in the midterms, abortion rights are a kitchen-table issue that Americans care deeply about, and highlighting that reality would have fit into the president’s theme of fundamental fairness.”The White House believes President Biden has most likely reached the legal limits of his powers through executive actions on abortion issues.Haiyun Jiang/The New York TimesThe criticism reflects Democrats’ limited options on the federal level, as the fight has shifted to state legislatures. The issue became a potent tool for the party in the midterms, energizing voters and staving off some expected defeats. But after Democrats lost control of the House, it became all but impossible for them to fulfill promises to reinstate a federal right to abortion.Since the court ruling in June, Mr. Biden has signed a series of executive orders protecting access to medication abortion and contraception, ensuring emergency medical care for pregnant women and protecting patient privacy. But at times his administration has fallen short in activists’ eyes, including in declining to declare a national emergency over the summer. The administration says such a measure wouldn’t offer any new tools to combat the restrictions.The White House believes Mr. Biden has most likely reached the legal limits of his powers through executive actions, leaving few options other than rallying voters and providing assistance to Democratic state legislators working to stop or undo restrictions.Biden’s State of the Union AddressChallenging the G.O.P.: In the first State of the Union address of a new era of divided government, President Biden delivered a plea to Republicans for unity but vowed not to back off his economic agenda.State of Uncertainty: Mr. Biden used his speech to portray the United States as a country in recovery. But what he did not emphasize was that America also faces a lot of uncertainty in 2023.Foreign Policy: Mr. Biden spends his days confronting Russia and China. So it was especially striking that in his address, he chose to spend relatively little time on America’s global role.A Tense Exchange: Before the speech, Senator Mitt Romney admonished Representative George Santos, a fellow Republican, telling him he “shouldn’t have been there.”Mini Timmaraju, the president of NARAL Pro-Choice America, praised Vice President Kamala Harris’s efforts and called Mr. Biden the “most pro-choice reproductive freedom president” in history, saying abortion rights got more attention than in any previous State of the Union.“The tension is that he represents a lot of progress, but it’s never going to feel like enough because we’re in a crisis,” she said. “Everybody in our community wishes we had more of the president’s time, more of the president’s attention, more presence in that State of the Union, but that being said, I keep going back to judging this administration on what they’re getting done.”On Tuesday night, Mr. Biden mentioned the battle over abortion rights an hour into his 80-minute speech, typically a moment for presidents to outline their priorities..css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.He did not propose any new policy initiatives on the issue. Nor did he describe the struggles of the guests invited by a number of Democratic lawmakers and the first lady, Jill Biden, who represented the issue. Dr. Biden brought a Texas woman who almost died from sepsis after the state’s abortion restrictions caused a delay in treatment for her pregnancy.“Congress must restore the right that was taken away in Roe v. Wade and protect Roe v. Wade,” he said. “The vice president and I are doing everything to protect access to reproductive health care and safeguard patient safety. But already, more than a dozen states are enforcing extreme abortion bans.”He added, “Make no mistake about it: If Congress passes a national ban, I will veto it.”Any sweeping abortion action remains unlikely given the divided control of Congress. Democrats lack the votes in the Senate, and Mr. Biden is unable to grant Roe’s protections through executive action.His brief remarks cut a striking contrast with the deluge of words about the issue from Democrats during the midterm elections, when the candidates and their allies spent nearly half a billion dollars on ads mentioning abortion — more than twice what they spent on the next top issue, crime, according to AdImpact, an ad-tracking firm.Mr. Biden, a practicing Catholic, has spent years wrestling with his faith and Democratic politics over the issue, generally supporting abortion rights but personally opposed to the procedure. But since the ruling, he has been more vocal about his disagreement with the court and his support for Congress’s legislating a federal right to an abortion.Senator Richard Blumenthal, Democrat of Connecticut, at the Capitol last month. The end of Roe energized Democratic voters in last year’s midterms.Haiyun Jiang/The New York TimesSince the midterms, Mr. Biden has largely delegated the issue to Ms. Harris, who has hosted dozens of events with state leaders to discuss abortion access. Last month, on what would have been the 50th anniversary of Roe, she warned that “no one is immune” from efforts to curb access to reproductive health care.In a statement released after the speech, Planned Parenthood Action Fund highlighted the nine abortion patients, providers and advocates invited by Dr. Biden and Democratic lawmakers as guests to the speech. The group “is grateful to have a trusted partner in the Biden administration,” it wrote, and declined to offer additional remarks.While they’ve been pleased with this administration’s actions, some leaders of the abortion rights movement would like to see Mr. Biden talk more specifically about plans to expand access to the procedure.“We really wanted to hear what the administration is prepared to do for the current reality of abortion access and the continued threats that exist across the country,” said Morgan Hopkins, president of All* Above All, a reproductive justice coalition. “We didn’t hear that.”The moment is particularly fraught, as activists and the administration await a ruling as soon as this week in a Texas case brought by conservative groups seeking to revoke a more than two-decade-old federal approval of mifepristone, a common medication abortion pill. The decision will be made by a single judge, Matthew J. Kacsmaryk, a Trump appointee known for his conservative views on social issues.Given that medication accounts for more than half of abortions and that the pills have become a way for some women to circumvent state bans, a ruling against the drug could have sweeping impacts. Any appeal of the decision would go to the right-leaning Fifth Circuit Court of Appeals and, eventually, to the Supreme Court with its conservative majority.Last week, Xavier Becerra, the secretary of health and human services, met with abortion providers at a clinic in Alexandria, Va. And a number of agencies, coordinated by the White House, are planning for a variety of outcomes, though they are limited in terms of executive actions. More

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    Biden Heads to Florida With a Fresh Political Foil in House Republicans

    President Biden plans to use his visit to the University of Tampa to warn about what he says are Republican proposals to cut Medicare and Social Security.WASHINGTON — President Biden heads to Florida on Thursday afternoon with a political gift he had not been expecting before Tuesday night’s State of the Union speech.The perfect foil.Mr. Biden had always planned to use his visit to the University of Tampa to warn about what he says are Republican proposals to cut Medicare and Social Security. The White House sees the issue as a potent one for the president as he prepares to seek a second term.But despite months of warning about “MAGA Republicans,” Mr. Biden had so far failed to make the threats seem real to voters. Numerous recent polls show Mr. Biden’s support lagging, even among Democrats, who overwhelmingly say they want someone else as their nominee in the 2024 presidential election.Strategists from both parties said the Republican outbursts during his address to Congress — and Mr. Biden’s real-time exchange about the fate of the entitlement programs with a handful of heckling lawmakers — instantly crystallized, on national television in front of millions of Americans, what Mr. Biden has been struggling to say.Aides said the president returned to the White House late Tuesday astonished that Republicans had played into his hands, giving him a prime-time opportunity to look commanding on an issue that resonates deeply with many Democrats, Republicans and independents. They said Mr. Biden would refer to the exchange with the Republicans during his remarks on Thursday.The remarkable back-and-forth started when Mr. Biden accused some Republicans of threatening Social Security and Medicare — an assertion that they rejected, loudly.“Liar!” screamed Representative Marjorie Taylor Greene, Republican of Georgia.When Republicans continued to deny they planned to cut the social programs, the president said he was happy Republicans were committing to leave the programs alone.Biden’s State of the Union AddressChallenging the G.O.P.: In the first State of the Union address of a new era of divided government, President Biden delivered a plea to Republicans for unity but vowed not to back off his economic agenda.State of Uncertainty: Mr. Biden used his speech to portray the United States as a country in recovery. But what he did not emphasize was that America also faces a lot of uncertainty in 2023.Foreign Policy: Mr. Biden spends his days confronting Russia and China. So it was especially striking that in his address, he chose to spend relatively little time on America’s global role.A Tense Exchange: Before the speech, Senator Mitt Romney admonished Representative George Santos, a fellow Republican, telling him he “shouldn’t have been there.”“That moment — if Republicans don’t do something to fix it — could present the perfect contrast that Biden would need going into 2024,” said Kevin Madden, who served as a senior adviser to Senator Mitt Romney, Republican of Utah, during Mr. Romney’s two presidential campaigns, in 2008 and 2012.That opportunity couldn’t have come soon enough for Mr. Biden, who is widely expected to announce his re-election plans by April.Since he defeated former President Donald J. Trump in 2020, Mr. Biden has had difficulty conjuring a useful political villain, in part because Democrats controlled the White House and both houses of Congress. For much of his first year, Mr. Biden seemed to be fighting more with his own party — specifically, Senators Kyrsten Sinema of Arizona and Joe Manchin III of West Virginia — than with Republicans.During the 2022 midterm elections, many Democratic congressional candidates won by connecting their opponents to Mr. Trump and the “Big Lie” that the 2020 election had been stolen. A senior White House adviser, who asked for anonymity to discuss political strategy, said that since those elections ended, Mr. Biden has been hampered by having no well-defined opponent (and only Mr. Trump as a declared candidate for 2024).Anita Dunn, a senior adviser to Mr. Biden and one of his top communications advisers, said the scrimmage between the president and House Republicans on Tuesday night should provide Americans with a more visceral understanding of what the president has been talking about.“Clearly, having the House Republican caucus behaving the way they are, and are signaling strongly they will continue to behave, is going to give the president an easy contrast,” she said. “What the House Republican caucus is doing for him is giving him a way to draw a contrast between what he is for — what he’s trying to get done, and who he’s trying to get it done for — with the House Republicans.”.css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.Republicans accuse Mr. Biden of lying about their intentions. Many, including House Speaker Kevin McCarthy, say they are not willing to consider any proposals to cut funding for Medicare and Social Security to pay for desired reductions in the nation’s debt and deficit. When Mr. Biden suggested the opposite Tuesday night, Republicans erupted in boos.At times, Mr. McCarthy seemed to be trying to shush his members, a sign that he did not see their outbursts as helpful to their cause.But Republicans so far have not said how they propose to reduce spending by a large enough amount to achieve their debt reduction goals. And there have been several notable Republicans who have proposed ideas like making all laws expire after five years unless lawmakers renew them — an idea that Mr. Biden says means Social Security and Medicare would go away automatically if such a vote failed.Senator Rick Scott of Florida, the Republican who put forward the five-year expiration idea, blasted Mr. Biden on Twitter on Wednesday.“@JoeBiden once again lies about Republicans trying to cut Social Security and Medicare,” he wrote, along with a video calling on Mr. Biden to resign that he said would run Thursday to greet Mr. Biden’s arrival.The debate over entitlements is a complicated one, and Republicans have recently seized on an announcement from the Centers for Medicare and Medicaid Services that they would be cracking down on private insurance companies that are overcharging the government through Medicare Advantage programs that are add-ons to traditional Medicare.Administration officials call the move a needed effort at financial accountability that could save taxpayers $4.7 billion over 10 years. But Republicans are already calling it a Medicare cut by Mr. Biden’s government and using it to deflect the president’s own accusations.“It’s President Biden who is proposing to cut Medicare Advantage, a program used by almost 4 in 10 Arkansas seniors,” Senator Tom Cotton, Republican of Arkansas, tweeted this week. “This would be a mistake.”Mr. Madden said the White House is smart to maximize the impact of the exchange between Mr. Biden and the Republicans during what has traditionally been a decorous gathering of the nation’s leaders.He said the television coverage of the exchange had focused on the most extreme voices in the Republican Party, like Ms. Greene, who have “a sort of a political appeal that’s toxic in many swing states and in the most important areas of swing states, like suburbs.”But he cautioned that even the most astonishing moments from State of the Union speeches “tend to melt on contact,” evaporating quickly in the ever-changing news cycle.“That is the challenge for this White House,” Mr. Madden said. “They have often tired of their own message and haven’t driven one consistently.”Still, supporters of Mr. Biden said the president and the White House should do whatever possible to keep Americans’ attention on the contrast between the president and the House Republicans who heckled him.Last October, before the midterm elections, Eric Schultz, who served as a deputy press secretary for former President Barack Obama, predicted that Republicans would eventually do or say something to make the difference clear.“This isn’t a group that’s known for a measured approach,” he said at the time. “The more clownish they are, the better it is for the administration. Betting on House Republicans being clownish is a good bet.”Contacted on Wednesday, Mr. Schultz said he still agreed with that sentiment. More

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    Marjorie Taylor Greene and Others Heckle Biden at State of the Union Address

    His State of the Union address was not exactly a celebration of a unity agenda. But the president seemed to relish the scrimmage.WASHINGTON — President Biden was about midway through a speech of about 7,218-words on Tuesday when a Republican lawmaker tried to shut him down with a single one: “Liar!”It was Representative Marjorie Taylor Greene of Georgia, whom the president had baited by accusing Republicans of wanting to threaten entitlement programs like Social Security.Later in the speech, when Mr. Biden called for an end to the fentanyl crisis in the United States, another lawmaker yelled out, “It’s your fault!” — a reference to the amount of drugs that are smuggled across the U.S.-Mexico border. Another lawmaker yelled out an expletive.His second State of the Union address was punctuated by outbursts, jeers and peals of mocking laughter, but Mr. Biden turned the tables on his Republican opponents and argued in real time with the insurgents. It appeared to be the start of his re-election campaign.When the Republicans shouted back that no, they were not threatening Social Security, Mr. Biden smiled, appearing to relish the scrimmage, and ad-libbed that he was pleased they all agreed.“I’m glad to see — no, I tell you, I enjoy conversion,” Mr. Biden said. He is unlikely to win over a large number of Republicans to support legislation, but his reply to the contingent led by Ms. Greene was meant as an unsubtle reminder that he spent 36 years as a senator working to win Republican votes for his legislative efforts.Mr. Biden arriving in the House chamber for the speech.Kenny Holston/The New York TimesSpeaker Kevin McCarthy and Vice President Kamala Harris greeting President Biden at the address, in a break from the generally combative mood.Kenny Holston/The New York TimesMr. Biden walked into his speech facing low approval ratings and flashing-red polling numbers that suggest Americans do not feel that his economic policies have helped them. He also entered a chamber full of people who have quietly (and not so quietly) questioned how an 80-year-old president could run for re-election.Yet Mr. Biden appeared in control as he took his time “How are ya, man”-ning down the aisle of the House chamber before reaching the dais, where Vice President Kamala Harris and Speaker Kevin McCarthy, Republican of California, were waiting. Breaking from the combative mood of the chamber, Ms. Harris and Mr. McCarthy engaged in small talk, and the speaker greeted Mr. Biden warmly.Biden’s State of the Union AddressChallenging the G.O.P.: In the first State of the Union speech of a new era of divided government, President Biden called on Republicans to work with him to “finish the job” of repairing the unsettled economy.State of Uncertainty: Mr. Biden used his speech to portray the United States as a country in recovery. But what he did not emphasize was that America also faces a lot of uncertainty in 2023.Foreign Policy: Mr. Biden spends his days confronting Russia and China. So it was especially striking that in his address, he chose to spend relatively little time on America’s global role.A Tense Exchange: Before the speech, Senator Mitt Romney admonished Representative George Santos, a fellow Republican, telling him he “shouldn’t have been there.”The president had a shaky start on the teleprompter as he raced through his remarks and mangled some lines, although he had plenty of energy. He got an even bigger burst once the Republicans’ heckles and boos began, and was most animated when he veered off the teleprompter and addressed them directly before a live television audience of millions. At times, the House floor seemed like the British Parliament, where catcalls and shouted insults from the opposing party are tradition..css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.In 2009, it was considered a travesty when Representative Joe Wilson, a South Carolina Republican, shouted “you lie” at President Barack Obama during a joint address to Congress. Back then, Mr. Wilson was formally rebuked by the whole House.Times have changed. Republican lawmakers shouted both “liar” and “bullshit” at parts of Mr. Biden’s speech, and no one appeared shocked. After the speech, Representative Andy Ogles of Tennessee defended yelling out “it’s your fault” as Mr. Biden described the fentanyl crisis, telling reporters it was “a visceral response.”Though Mr. McCarthy appeared willing to play peacemaker at moments when tensions threatened to boil over — the speaker shushed Republicans who yelled at Mr. Biden for calling to codify citizenship for Americans brought to the United States as children — his role over the next months will be to oppose virtually all of Mr. Biden’s agenda.On Tuesday, Republicans spent much of their time signaling that they would help in that mission. Some lawmakers even prepared to mock Mr. Biden in advance: Ms. Greene carried a white helium balloon around the Capitol, mocking Mr. Biden’s response to a giant Chinese spy balloon that traversed the United States this past week before an American F-22 blew it up off the coast of South Carolina.Mr. Biden spotlighted Rodney Wells and RowVaughn Wells, the stepfather and mother of Tyre Nichols, as he called for police reform.Kenny Holston/The New York TimesAt points, Mr. Biden turned down the volume, calling for police reform by spotlighting the grieving parents of Tyre Nichols, who died after a brutal beating on Jan. 7 at the hands of Memphis police officers. The president emphatically called for more research to end cancer. And he spoke directly to “forgotten” Americans who are struggling financially.“Jobs are coming back,” Mr. Biden said. “Pride is coming back, because of choices we made in the last several years.”When asked if Mr. Biden was prepared for the jeers from Republicans, a senior administration official said the news media had underestimated him — a common refrain from Mr. Biden’s advisers.Jeff Nussbaum, a former Biden speechwriter, praised Mr. Biden for “doing a great job of seeking common ground and defining sacred ground.”Much of the president’s speech was vintage Biden, full of well-worn phrasing he has used since the beginning of his first campaigns a half-century ago. The familiar seemed to help his comfort in taking on the Republicans.“There are some good things about doing something for 50 years,” said Greg Schultz, Mr. Biden’s first 2020 campaign manager. “He’s got some riffs that are just not going to ever change.”When the president returned to the White House late Tuesday night, the staff stood and applauded him.Catie Edmondson More

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    Fact-Checking Biden’s State of the Union Address

    The president’s speech contained no outright falsehoods, but at times omitted crucial context or exaggerated the facts.WASHINGTON — President Biden praised the economy as well as his legislative accomplishments and record on the world stage in his State of the Union address on Tuesday night.Mr. Biden’s speech contained no outright falsehoods, but at times omitted crucial context or exaggerated the facts. Here’s a fact check.What WAS Said“I stand here tonight, after we’ve created, with the help of many people in this room, 12 million new jobs — more jobs created in two years than any president has created in four years.”This needs context. The economy added 12.1 million jobs‌ ‌between January 2021, the month‌ when‌ Mr. Biden took office, and this January. By raw numbers, that is indeed a larger increase in new jobs over two years than the number added over other presidents’ full four-year terms since at least 1945. But by percentage, the job growth in Mr. Biden’s first two years still lags behind that of his predecessors’ full terms.Under Mr. Biden, jobs have increased by 8.5 percent since his term began. That jump is less than that in President Barack Obama’s first term (8.6 percent), President Bill Clinton’s first term (10.5 percent), President Ronald Reagan’s second term (11.2 percent) and President Jimmy Carter’s four years in office (12.8 percent).Mr. Biden is, of course, comparing his first two years in office with the entire term or presidencies of his predecessors, so the comparison is not equivalent. Moreover, Mr. Biden’s first two years in office followed historic job losses wrought by the coronavirus pandemic. Most important, presidents are not singularly responsible for the state of the economy. — Linda QiuWhat WAS Said“For too many decades, we imported products and exported jobs. Now, thanks to what you’ve all done, we’re exporting American products and creating American jobs.”This is misleading. Mr. Biden’s statement gives the impression that a decades-old trend has reversed, but the data tells a different story. American exports reached a new high in 2022, with exports of goods alone topping $2 trillion. But the United States also imported a record high last year, $3.3 trillion in goods — countering the notion that imports have slowed. As a result, the United States also recorded the highest ever trade deficit since 1970 of $950 billion, and a trade deficit in goods of $1.1 trillion. — Linda QiuWhat WAS Said“Inflation has been a global problem because the pandemic disrupted our supply chains and Putin’s unfair and brutal war in Ukraine disrupted energy supplies as well as food supplies.”This needs context. It is accurate that inflation has been global, and that supply chain issues tied to the pandemic have been a major driver of price increases. It is also true that food and energy disruptions tied to Russia’s invasion of Ukraine exacerbated it. But those factors did not spur inflation on their own: Supply chains became clogged in the first place partly because American demand for goods was abnormally strong during the pandemic.Biden’s State of the Union AddressChallenging the G.O.P.: In the first State of the Union speech of a new era of divided government, President Biden called on Republicans to work with him to “finish the job” of repairing the unsettled economy.State of Uncertainty: Mr. Biden used his speech to portray the United States as a country in recovery. But what he did not emphasize was that America also faces a lot of uncertainty in 2023.Foreign Policy: Mr. Biden spends his days confronting Russia and China. So it was especially striking that in his address, he chose to spend relatively little time on America’s global role.A Tense Exchange: Before the speech, Senator Mitt Romney admonished Representative George Santos, a fellow Republican, telling him he “shouldn’t have been there.”That surge in demand came as stuck-at-home consumers shifted their spending away from services and toward things like new furniture. Their spending was also fueled partly by stimulus checks and other pandemic aid. Several studies by economists at the Federal Reserve have found that government spending contributed to some, but far from all, of the inflation. — Jeanna SmialekWhat WAS Said“Food inflation is coming down.”True. Food inflation is beginning to slow, though it remains very rapid. Compared with a year ago, food prices are 10.4 percent higher. But monthly food price increases have been slowing steadily in recent months, coming down from a very swift rate in May 2022.Of course, the current situation does not feel great to many consumers: Food prices are still climbing from already-high levels. And some specific food products are much more expensive than last year. Eggs, in particular, have been a pain point for consumers in recent months. — Jeanna SmialekWhat WAS Said“Inflation has fallen every month for the last six months, while take-home pay has gone up.”This needs context. It is true that inflation has slowed for the past six months: That means that prices are still increasing, but they are doing so more gradually. The Consumer Price Index ticked up by 6.5 percent in the year through December, which is notably slower than the 9 percent peak in June. That pace is still much more rapid than the roughly 2 percent that was typical before the pandemic.It is also true that wages are climbing sharply compared with the pace that would be normal. But for much of 2021 and 2022, wage gains struggled to keep up with rapid price increases. That has recently begun to change: Average hourly earnings increases exceeded consumer price increases on a monthly basis in both November and December 2022. — Jeanna Smialek.css-1v2n82w{max-width:600px;width:calc(100% – 40px);margin-top:20px;margin-bottom:25px;height:auto;margin-left:auto;margin-right:auto;font-family:nyt-franklin;color:var(–color-content-secondary,#363636);}@media only screen and (max-width:480px){.css-1v2n82w{margin-left:20px;margin-right:20px;}}@media only screen and (min-width:1024px){.css-1v2n82w{width:600px;}}.css-161d8zr{width:40px;margin-bottom:18px;text-align:left;margin-left:0;color:var(–color-content-primary,#121212);border:1px solid var(–color-content-primary,#121212);}@media only screen and (max-width:480px){.css-161d8zr{width:30px;margin-bottom:15px;}}.css-tjtq43{line-height:25px;}@media only screen and (max-width:480px){.css-tjtq43{line-height:24px;}}.css-x1k33h{font-family:nyt-cheltenham;font-size:19px;font-weight:700;line-height:25px;}.css-1hvpcve{font-size:17px;font-weight:300;line-height:25px;}.css-1hvpcve em{font-style:italic;}.css-1hvpcve strong{font-weight:bold;}.css-1hvpcve a{font-weight:500;color:var(–color-content-secondary,#363636);}.css-1c013uz{margin-top:18px;margin-bottom:22px;}@media only screen and (max-width:480px){.css-1c013uz{font-size:14px;margin-top:15px;margin-bottom:20px;}}.css-1c013uz a{color:var(–color-signal-editorial,#326891);-webkit-text-decoration:underline;text-decoration:underline;font-weight:500;font-size:16px;}@media only screen and (max-width:480px){.css-1c013uz a{font-size:13px;}}.css-1c013uz a:hover{-webkit-text-decoration:none;text-decoration:none;}How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.Learn more about our process.What WAS Said“We’re finally giving Medicare the power to negotiate drug prices.”This needs context. The Inflation Reduction Act, which Mr. Biden signed into law in August, does fulfill Democrats’ long-held goal of empowering Medicare to negotiate the price of prescription drugs directly with pharmaceutical makers. But the law has limits. The negotiation provisions do not kick in until 2026, when the federal government may begin negotiating the price of up to 10 medicines. The number of drugs subject to negotiation will rise over time. — Sheryl Gay StolbergWhat WAS Said“In the last two years, my administration has cut the deficit by more than $1.7 trillion — the largest deficit reduction in American history.”This needs context. The federal deficit did decrease by $1.7 trillion, from $3.1 trillion in the 2020 fiscal year to $1.4 trillion in the 2022 fiscal year, though Mr. Biden’s fiscal policies are not the sole factor.In fact, much of that decline can be attributed to the expiration of pandemic-era spending, according to the Committee for a Responsible Federal Budget, which advocates lower levels of spending. In February 2021, before the Biden administration enacted any fiscal legislation, the Congressional Budget Office estimated that the deficit would have reached $1.1 trillion in the 2022 fiscal year, less than what ended up happening.Coronavirus stimulus funding from 2021 added nearly $1.9 trillion to the deficit over 10 years, the budget office estimated. The budget agency also estimated that the infrastructure package added $256 billion to the deficit, though supporters disagreed with the analysis. The Inflation Reduction Act, which was the only significant piece of legislation to reduce the deficit, trimmed it by $238 billion over the next 10 years. — Linda QiuWhat WAS Said“Nearly 25 percent of the entire national debt that took over 200 years to accumulate was added by just one administration alone, the last one.”This needs context. Mr. Biden is correct that a quarter of the national debt was accumulated over the four years Mr. Trump was in office. But the former president did not unilaterally add to that amount. In fact, two major factors driving that increase were mandatory spending levels set long before Mr. Trump took office and bipartisan spending bills that were passed to address the pandemic.From the 2018 to 2021 fiscal years, the government collected $14.3 trillion in revenue, and spent $21.9 trillion, according to data compiled by the Congressional Budget Office. In that time, mandatory spending on programs such as Social Security and Medicare totaled $14.7 trillion alone. Discretionary spending totaled about $5.8 trillion.The budget estimated that Mr. Trump’s tax cuts — which passed in December 2017 with no Democrats in support — added roughly another $1 trillion to the federal deficit from 2018 to 2021, even after factoring in economic growth spurred by the tax cuts.But other drivers of the deficit include several sweeping measures that had bipartisan approval. The first coronavirus stimulus package, which received near unanimous support in Congress, added $2 trillion to the deficit over the next two fiscal years. Three additional spending measures contending with Covid-19 and its economic ramifications added another $1.4 trillion. — Linda QiuWhat WAS Said“Some Republicans want Medicare and Social Security to sunset. I’m not saying it’s a majority.”This needs context. President Biden implied that the Republicans who wanted to allow Social Security and Medicare to sunset were tying those demands to the fight over raising the nation’s debt limit.It is true that a couple of Republicans have suggested allowing those entitlement programs to sunset as mandatory spending, instead bringing them up for regular renewal. But Republicans have recently distanced themselves from such efforts. Speaker Kevin McCarthy, Republican of California, has said that cuts to Social Security and Medicare are “off the table” in talks over raising the debt ceiling, which Congress must vote to do in the coming month or risk a default on the government’s bills. Likewise, President Donald J. Trump has warned Republicans to leave the programs alone in the negotiations. Mr. Biden, nodding to lawmakers responding to his speech, acknowledged that it seemed that cuts to the programs were “off the books now.” — Jeanna SmialekWhat WAS Said“While the virus is not gone, thanks to the resilience of the American people and the ingenuity of medicine, we have broken the Covid grip on us. Covid deaths are down by 90 percent.”This needs context. On average, about 450 people in the United States are dying each day of Covid-19, according to a New York Times database. That number is way down from the roughly 3,200 Americans who were dying each day in early 2021, when the Omicron variant was ripping through the country. But the current daily average of Covid-19 deaths is higher than it was in December 2022, when roughly 250 Americans were losing their lives each day to the virus. — Sheryl Gay StolbergWhat WAS Said“We united NATO. We built a global coalition.”True. In response to Russia’s invasion of Ukraine in February 2022, President Biden led a huge political, economic and military response that has involved dozens of countries. Surprising many experts who predicted that the United States’ European allies would argue over strategy and lose their resolve, the 30-member North Atlantic Treaty Organization has shown a unity unseen since the aftermath of the Sept. 11, 2001, attacks and, a year after the Russian invasion, continues to supply vast amounts of weapons to Ukraine.That unity has not been perfect: NATO leaders have argued at times, including their recent tussle over whether and how to supply modern tanks to Ukraine. But many analysts believe it has surprised President Vladimir V. Putin of Russia, who did not anticipate such a strong degree of Western resolve.President Biden also successfully rallied dozens of nations beyond NATO to join in economic sanctions against Moscow, including Asian countries like South Korea and Japan. That coalition excludes major nations like India and China, which are supporting the Kremlin’s war machine through major purchases of Russian oil. But it remains among the broadest coalitions the United States has led against an adversary. — Michael CrowleyWhat WAS Said“But in the past two years, democracies have become stronger, not weaker. Autocracy has grown weaker, not stronger.”This lacks evidence. Experts say that President Biden took office after years of global gains for autocracy and deep problems for democracies — as illustrated by the Capitol riot on Jan. 6, 2021. According to the nonprofit group Freedom House, in every region of the world “democracy is under attack by populist leaders and groups that reject pluralism and demand unchecked power.”It is hard to say whether Mr. Biden has changed the situation. He has made the defense of democracies a core theme of his presidency and held a White House democracy summit in December 2021. He has worked to contain two major autocratic powers, building a coalition against Russia in defense of Ukraine — which has weakened its economy and isolated it diplomatically — and rallied allies to contest China’s political influence and technological gains. American voters rejected many election conspiracy theorists in the midterm elections last year.But Russia and, especially, China retain considerable foreign political influence. Brazil, the largest country in Latin America, had a far-right riot in the heart of its government last month. Italy elected a prime minister whose party has fascist roots. Huge crowds in Israel are protesting new right-wing government policies that opponents call an assault on democracy itself. Last February, The Economist magazine’s annual democracy index found that “global democracy continued its precipitous decline in 2021.” Mr. Biden’s rosier view is difficult to substantiate. — Michael Crowley More

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    Biden Makes His Business Case in the State of the Union Address

    The president took credit for strong job growth and his legislative agenda that’s boosted investment in infrastructure and clean energy projects.“I will make no apologies.”Pool photo by Jacquelyn Martin-Pool/Getty Images.Biden picks his battles President Biden delivered a State of the Union address to Congress on Tuesday night that was filled with dramatic moments, meant in part to jump start his 2024 re-election campaign.He also used the speech to press his economic priorities, from bolstering American manufacturing to extending his climate efforts. How far he advanced his causes, however, remains to be seen.Mr. Biden defended his record on the economy. He took credit for falling inflation and strong job growth, and listed promised benefits from his sweeping legislative agenda, including infrastructure, clean energy (even if he did acknowledge, “we’re still going to need oil and gas for a while”) and manufacturing laws that will pour trillions into the economy.He also urged Congress to back initiatives including raising a billionaires tax on the wealthy; expanding a measure in the Inflation Reduction Act that caps the cost of insulin at $35 a month; renewing the expanded child tax credit; and expanding Medicaid and affordable child care.He baited Republicans over social welfare programs. Mr. Biden accused some Republicans of threatening Social Security and Medicare, implying they wanted cuts in exchange for a deal to raise the debt ceiling. (That claim requires a bit of context.) Several lawmakers shouted in response; one, Representative Marjorie Taylor Greene of Georgia, yelled “Liar!”Mr. Biden responded that he had somehow gotten unanimity on the issue. “We all apparently agree, Social Security and Medicare is off the books now, right?” he said, leading a bipartisan round of applause for seniors.He kept up pressure on ripe political targets. Though Mr. Biden didn’t directly address the Chinese spy balloon incident, he pledged to make America more competitive and less reliant on China. “I will make no apologies that we are investing to make America strong,” he said. “Investing in American innovation — in industries that will define the future, and that China’s government is intent on dominating.”Mr. Biden also called out tech companies, demanding stricter limits on their collection of personal data, and oil giants, which he accused of raking in record profits from high energy prices instead of using their huge coffers to increase domestic production.How much cooperation Mr. Biden will get from Republicans and business is unclear. In Republicans’ rebuttal, Gov. Sarah Huckabee Sanders of Arkansas accused him of perpetrating a culture war. Corporate America was more circumspect: Suzanne Clark, the head of the U.S. Chamber of Commerce, reiterated her group’s support for the infrastructure law, but urged Biden to focus on striking more trade agreements and pulling back from what she said was overregulation.HERE’S WHAT’S HAPPENING The U.S. trade deficit balloons to $948 billion. The export-import gap jumped 12 percent in 2022, to a record, as Americans continued to spend more on imported goods than travel and entertainment. Trade data also showed growing deficits in goods with the likes of Mexico and South Korea, as manufacturers seek bases outside China.Microsoft announces A.I.-powered consumer internet tools. The tech giant promised versions of its Bing search engine and Edge browser that incorporate chatbots, drawing on a partnership with the ChatGPT creator OpenAI. Microsoft’s ambitions may be bigger: It’s reportedly planning to create software to let companies make their own ChatGPT-powered chatbots.Zoom plans to lay off 15 percent of its staff. The videoconferencing company acknowledged it had hired too many people during its pandemic boom, and needed to retrench as growth has slowed. Its C.E.O., Eric Yuan, said he plans to cut his salary for the coming fiscal year by roughly 98 percent and forgo a bonus.A former Coinbase employee pleads guilty to insider trading. Ishan Wahi, who was a product manager at the crypto exchange, had been accused of tipping his brother and a friend about tokens it planned to list, bringing about $1.5 million in illegal profit. He’s the first crypto insider to admit insider trading.Chobani’s founder urges U.S. companies to fund recovery efforts for the earthquake in Turkey and Syria. Hamdi Ulukaya, a Turkish immigrant, has partnered with the Turkish Philanthropy Funds to aid in recovery from the quake, which has a death toll above 11,000. He told DealBook that he has personally donated $2 million to the cause.Jay Powell sees a “bumpy” path ahead America’s red-hot labor market suggests that the world’s biggest economy may yet avoid recession. But this same dynamic has also thrust the Fed into a policy conundrum, with pressure for higher interest rates to tamp down inflation.In a question-and-answer session at the Economic Club of Washington on Tuesday, the Fed’s chair, Jay Powell, said he could see “the very early stages of disinflation,” but added that the easing in prices was likely to follow a “bumpy” path, particularly with hiring and wage growth proving strong.January’s jobs data surpassed the Fed’s forecasts. Mr. Powell said last Friday’s knockout nonfarm payroll report, which announced that employers added 517,000 new jobs last month, was “certainly strong — stronger than anyone I know expected.”Other data offered more encouraging signs for the U.S. economy. The Atlanta Fed’s GDPNow tracker forecasts that the U.S. will grow by 2.1 percent in the first quarter; it was predicting 0.7 percent a week ago. And even bearish economists are dialing down their gloomy expectations: “A potential recession in 2023 will likely be short and shallow,” Jeffrey Roach, the chief economist for LPL Financial, wrote to investors on Tuesday, while Goldman Sachs economists this week lowered their estimate of the likelihood of a U.S. recession to 25 percent.Investors were relieved that Mr. Powell gave no hint of a sudden shift in the Fed’s strategy. He reiterated that the central bank planned to keep raising borrowing costs to rein in consumer spending. That was enough to reassure investors that no big policy changes were coming soon: The S&P 500 rallied after his comments, snapping a two-day losing streak.A hedge fund catches meme fever Hudson Bay Capital Management has emerged as the mystery backer of Bed Bath & Beyond’s bold plan to cash in on its meme-stock cachet to raise $1 billion in emergency funds and avert bankruptcy.The hedge fund’s involvement in the deal highlights the meme-stock frenzy’s pull on big institutions. Shares in the struggling retailer, which has closed 400 stores in the past year as revenues slide, are up nearly 86 percent in the past month in extremely volatile trading that’s been largely influenced by day-traders betting on its survival. But the stock nearly halved on Tuesday, after the company announced it would sell a flood of new shares, which will dilute existing shareholders.Hudson Bay has underwritten the initial $225 million worth of shares that Bed Bath & Beyond is selling. It plans to underwrite another $800 million over time, if certain unspecified “conditions are met.” Hudson Bay also receives warrants to buy further stock at an advantageous price, which could prove lucrative if the retailer were to turn its business around.The deal with Hudson Bay came together within the past several weeks, two people familiar with the negotiations told DealBook. Late last month, JPMorgan Chase, which gave Bed Bath & Beyond a lifeline last summer by expanding its credit line, froze the retailer’s credit accounts after deeming the company in breach of the terms of its debt. As Bed Bath & Beyond raced to find cash to pay its debts, it had also been preparing for a bankruptcy — and possible liquidation — if the needed funds didn’t arrive.Whether this only buys Bed Bath & Beyond a temporary reprieve remains to be seen. “The fundamental story for Bed Bath & Beyond is so broken at this point,” said David Silverman, a retail analyst at Fitch Ratings. “I don’t know that a short-term cash infusion that could buy them a few months, a couple of quarters, is going to change their fate.” The Wedbush Securities analyst Seth Basham seconded that opinion, cutting the stock price target to zero.“U.S. hog farmers look at the pictures of those farms in China, and they just scratch their heads and say, ‘We would never dare do that.’” — Brett Stuart, founder of the research firm Global AgriTrends, is worried about disease risks from China’s high-density pig farms, which in some cases pack the animals into tower blocks.Adam Neumann opens up about his next act Since leaving WeWork, Adam Neumann has (largely) kept quiet about his future plans, including Flow, a venture that Andreessen Horowitz invested $350 million in last year. But he is finally revealing more about the start-up, via a talk he gave to an Andreessen Horowitz-organized conference in November.The main — if still vague — takeaway is that Flow owns and operates apartment buildings that aim to persuade tenants to stay longer by making them “feel” as if they’re owners rather than renters. (How is left unsaid.) Mr. Neumann used plumbing to illustrate the business advantages of this approach, according to Bloomberg:An important element of the business proposition is that renters who stay longer are more profitable, Neumann said. His theory is that people who feel a sense of ownership will stick around.The plunger factor would be an added benefit for Flow. “If you’re in an apartment building and you’re a renter and your toilet gets clogged, you call the super,” he said. “If you’re in your own apartment, and you bought it and you own it and your toilet gets clogged, you take the plunger.” That’s the difference, he said, “when feeling like you own something.”THE SPEED READ DealsApollo is reportedly in talks to buy a stake in CS First Boston, the investment bank that will be spun out of Credit Suisse. (WSJ)Carlyle is said to be in negotiations to buy Cotiviti, a health care tech company, from Veritas Capital for nearly $15 billion. (Bloomberg)Oaktree Capital and other hedge funds have snapped up Adani Group bonds in recent days, restoring investor confidence in the beleaguered Indian conglomerate. (Bloomberg)PolicyMarty Walsh, the U.S. labor secretary, reportedly will step down to lead the N.H.L. players’ union. (Daily Faceoff)Senator Josh Hawley, Republican of Missouri, said he wants to make 16 the minimum age to be allowed on social media in the U.S. (NBC News)Russia’s government is said to be pressuring the central bank to loosen fiscal policy as it enters the second year of its invasion of Ukraine. (Bloomberg)Best of the restAmerican start-ups laid off over 3,000 workers last month, up 1,700 percent from a year ago. Relatedly, Washington now has more tech vacancies than Silicon Valley. (Insider, WSJ)“The Secret Saudi Plan to Buy the World Cup.” (Politico)Voice actors say they’re increasingly being asked to sign away the rights to their voices — so they can be duplicated by A.I. (Vice)How Nestlé’s bet on a breakthrough treatment for peanut allergies went south. (Bloomberg Businessweek)LeBron James now owns the N.B.A.’s scoring record. (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More