The state of the economy
President Biden led his first State of the Union address yesterday with a promise to make Vladimir Putin pay for invading Ukraine and praise for the Ukrainian resistance. When he turned to domestic issues, a fair amount of his hour-long speech focused on business and the economy.
Biden said fighting inflation was his “top priority,” and made eye-catching proposals. The president said he would encourage competition and ease supply-chain snarls that have led to rising prices (more on that below). He promised to crack down on shipping companies that had taken advantage of the pandemic
