Biden and Trump to Face Off in Long-Distance Economic Showdown

The Biden and Trump camps are gearing up for a high-stakes economic showdown, with Treasury Secretary Janet Yellen and former President Trump set to make their cases to corporate America on Thursday.

Yellen will defend President Biden’s approach at the Economic Club of New York, arguing against tax cuts for the wealthy and deregulation for big business as the best ways to grow the economy. Meanwhile, Trump will present his vision to executives at the Business Roundtable in Washington, D.C.

Biden has injected billions of public dollars into certain industries, but has also accused corporations of exacerbating inflation and engaging in practices like “greedflation” and “shrinkflation.” This has led some Wall Street titans and Trump-skeptic tycoons to warm up to the former president.

Yellen’s speech will serve as a public rebuttal of Trump’s pitch, as the two sides engage in an escalating fight over which candidate would be better for business’ bottom line and America’s overall economic health.

Trump is advocating for lower corporate taxes and less regulation, while Biden is focusing on public spending to attract private investment in crucial industries. The White House is emphasizing the potential instability they say a Trump presidency presents, including attacks on American institutions.

The dueling events highlight the contrasting economic visions of the two candidates, with CEOs and business leaders caught in the middle. The outcome of this showdown could have significant implications for the future economic direction of the country.

Stay tuned for more updates as this economic showdown unfolds.