President Joe Biden said that big corporations and the super wealthy in the United States have to start paying their fair share of taxes.
"It's long overdue," he said while delivering remarks on levelling the playing field in U.S. economy to bring down costs and ensure that the backbone of the country, the middle class, can finally get a break.
The President started by thanking the House committees for working hard this week to advance critical components of the economic plan that he has put before the Congress.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.