President Biden abruptly canceled plans Monday to address supply chain issues to the nation following his COVID-19 remarks.
According to the White House schedule, Biden was scheduled to talk about “his administration’s work to strengthen the country’s supply chains, lower daily costs for families, and ensure the shelves are well-stocked this holiday season.”
But fifteen minutes before Biden’s scheduled remarks, the White House announced at the press poll that the president’s address had been canceled.
“The President will no longer make any remarks after his meeting with the CEOs. These remarks will be delivered on Wednesday, December 1,” the statement read.
INFLATION RISES GLOBALLY, SEEING HOUSEHOLDS AND BUSINESSES IN A CLOTH
Biden officials explained that the cancellation was due to the president wanting time to meet with business leaders visiting the White House.
“The president held a pool spray with journalists at the top of the CEO event and wanted to ensure ample time spent with the business leaders who traveled to the White House today. The president will make further remarks on Wednesday on the economy, supply chains and downsizing. the cost to the American people, “the statement said.
This cancellation comes in the middle of the ongoing supply chain, and inflation problems continue to worry both businesses and consumers, especially in preparation for the holiday season. Biden has experienced approval ratings as low as 36% on its management of the economy.
On Monday, Biden also spoke about the new omicron variant, assuring Americans that the latest variant “was not a cause for panic.” He also noted that lockdowns are off the table “for now” as fears of lockdowns triggered the biggest single-day drop in the stock market for this year.
Meanwhile, Biden hosted a roundtable discussion with CEOs to discuss financial issues. Among the participants were Best Buy, Food Lion, Etsy, Walmart, Mattel, Samsung and CVS Health.
Biden is now scheduled to talk about supply chain issues on Wednesday.
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