The economic agenda of the President and Vice President has led to a robust recovery that outperforms historical data, other countries, and economic forecasts.

The claim that the President and Vice President's economic agenda has led to a robust recovery outperforming historical data, other countries, and economic forecasts is misleading. In 2025, the U.S. economy experienced a slowdown, with the OECD projecting real GDP growth to decelerate to 2% in 2025 and 1.7% in 2026, influenced by factors such as increased tariffs and reduced immigration. The IMF also revised its U.S. growth forecast downward to 1.8% for 2025, citing trade tensions and policy uncertainties. Additionally, the Peterson Institute for International Economics projected U.S. economic growth to stall, with average annualized growth slowing from 2.5% in 2024 to just 0.1% in 2025. These projections indicate that the U.S. economy underperformed compared to historical data and other countries, contradicting the claim of a robust recovery.

The Biden-Harris Administration's economic policies during the pandemic saved businesses, created jobs, and spurred economic growth.

The claim that the Biden-Harris Administration's economic policies during the pandemic saved businesses, created jobs, and spurred economic growth is partially supported by data. Under their administration, the U.S. economy experienced significant growth and job creation. For instance, by October 2024, the economy had grown by 13.5% since 2020, adding 17 million jobs. However, the claim lacks specific evidence directly linking these outcomes solely to the administration's policies. Additionally, while there was notable economic recovery, challenges such as inflation and a slowdown in job growth in 2024 suggest a more nuanced picture. Therefore, the claim is somewhat misleading as it overstates the direct impact of the administration's policies without acknowledging these complexities.

We rebuilt our alliances to support Ukraine against Russia, manage our economic relationship with China, strengthen multilateral development banks, and end the race to the bottom in corporate taxes.

The claim suggests that the U.S. has rebuilt alliances to support Ukraine against Russia. However, under the Trump administration, there have been indications of a shift in U.S. policy, including a proposed UN resolution calling for a 'swift end' to the Ukraine conflict, which was supported by Russia and China. This move marked a departure from previous strong backing of Kyiv. Additionally, European leaders have expressed concerns over the U.S. stance, with some viewing it as favoring Moscow. While there have been efforts to manage the economic relationship with China and discussions on corporate tax policies, the assertion that alliances have been rebuilt to support Ukraine is not fully supported by recent actions and international reactions.

We strengthened the resilience of the U.S. financial system while navigating a regional banking crisis and two debt limit impasses, and we modernized the IRS to make our tax system fairer and more responsive.

The claim asserts that the U.S. financial system's resilience was strengthened while managing a regional banking crisis and two debt limit impasses, and that the IRS was modernized to enhance fairness and responsiveness. While the U.S. financial system remained operational and resilient during 2025, reports indicate that financial stability risks increased due to factors like tighter global financial conditions and geopolitical uncertainties. The Office of the Comptroller of the Currency highlighted key risks in the federal banking system, including credit and operational risks. Additionally, the Government Accountability Office noted that debt limit impasses posed risks of government default and market uncertainty. However, specific details on IRS modernization efforts to improve fairness and responsiveness during this period are not readily available. Therefore, while elements of the claim are accurate, the overall statement lacks sufficient context and supporting evidence.

The economic recovery from the pandemic was historic and included record investments in clean energy, infrastructure, and manufacturing.

The claim that the economic recovery from the pandemic was historic and included record investments in clean energy, infrastructure, and manufacturing is supported by multiple sources. The U.S. implemented significant legislation such as the American Rescue Plan, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act, which collectively aimed to rebuild the economy by investing in public infrastructure, clean energy, domestic manufacturing, and workforce development. For instance, the Inflation Reduction Act spurred $89.5 billion in investments in over 90 new projects, creating over 100,000 clean energy-related jobs across 31 states between August 2022 and January 2023. Additionally, in the third quarter of 2025, U.S. clean-energy investments reached a record $75 billion, driven largely by a surge in electric car sales. These substantial investments and legislative actions underscore the historic nature of the economic recovery and the emphasis on clean energy, infrastructure, and manufacturing.

Under President Biden's leadership, the U.S. Treasury has driven historic economic progress.

The claim that the U.S. Treasury, under President Biden's leadership, drove historic economic progress is partially supported by data. During Biden's term, the U.S. economy added approximately 16.1 million jobs, surpassing the job gains of previous administrations. Real GDP grew by 5.9% in 2021, the fastest rate in 37 years. However, this period also saw significant inflation, with the Consumer Price Index rising 21.3% over Biden's term, averaging an annualized rate of 5.3%. While there were notable economic achievements, the substantial inflationary pressures during the same period provide important context that tempers the claim of 'historic economic progress.'

The economic agenda of the President has driven tremendous economic progress over the past four years.

The claim that the President's economic agenda has driven tremendous economic progress over the past four years is partially supported by data. Under President Biden (2021–2025), the U.S. economy experienced significant growth, with real GDP increasing by 5.9% in 2021, the fastest rate in 37 years. However, this period also saw elevated inflation, peaking at 9% in June 2022, which may have offset some economic gains. Additionally, attributing all economic progress solely to the President's agenda overlooks other contributing factors, such as global economic trends and the natural recovery from the COVID-19 pandemic. Therefore, while there was notable economic progress, the claim lacks full context and may lead a reasonable person to an incomplete understanding of the situation.

Historic laws are spurring investments in infrastructure, clean energy, semiconductors, and more, driving productivity and revitalizing communities.

The Inflation Reduction Act, CHIPS and Science Act, and Bipartisan Infrastructure Law have collectively spurred significant investments in infrastructure, clean energy, and semiconductors. The Department of Energy reports that these laws are revitalizing the U.S. energy system by investing in American energy supply chains, creating clean energy jobs, reducing emissions, and saving consumers on energy costs. Additionally, the CHIPS and Science Act has led to substantial investments in domestic semiconductor manufacturing, with over $200 billion in private investments announced, creating tens of thousands of jobs. These initiatives are driving productivity and revitalizing communities, aligning with the claim made.

The G7 is working to unlock the value of immobilized Russian sovereign assets and is providing support to Ukraine, making Russia bear the costs of its invasion.

The G7 has indeed been working to unlock the value of immobilized Russian sovereign assets to support Ukraine. In December 2024, the U.S. Treasury announced a $20 billion disbursement to Ukraine, part of a $50 billion G7 initiative funded by proceeds from these assets. This action aims to make Russia bear the costs of its invasion, aligning with the claim.

The U.S. economy is in strong shape, with a robust labor market and solid economic growth.

The claim that the U.S. economy was in strong shape with a robust labor market and solid economic growth in December 2024 is partially accurate. In December 2024, the U.S. added 256,000 jobs, surpassing expectations and indicating a resilient labor market. However, the unemployment rate was 4.1%, higher than the 3.8% from a year earlier, and the economy grew by 2.8% in 2024, a slowdown from previous years. While the labor market showed strength, the overall economic growth was moderate, suggesting the claim lacks full context.

The Financial Stability Oversight Council has made the financial system more resilient and is strengthening the economy.

The Financial Stability Oversight Council (FSOC) has taken steps to enhance the resilience of the U.S. financial system, as highlighted in its 2024 Annual Report. The report notes that the financial system remains resilient, though vulnerabilities warrant ongoing vigilance. However, attributing the strengthening of the entire economy solely to FSOC's actions is an overstatement. While FSOC contributes to financial stability, the overall economy is influenced by a multitude of factors, including fiscal policies, global economic conditions, and private sector activities. Therefore, the claim is somewhat misleading as it overstates FSOC's role in strengthening the economy.

The action strengthens the focus on disrupting the Kremlin's energy revenues, including through the G7+ price cap launched in 2022.

The claim accurately states that the G7+ implemented a price cap on Russian oil in 2022 to disrupt the Kremlin's energy revenues. This measure was designed to limit Russia's income from oil exports while maintaining global energy supply stability. The price cap came into effect on December 5, 2022, and was set at $60 per barrel for seaborne Russian crude oil. This action aligns with the G7's ongoing efforts to reduce Russia's financial resources used to fund its activities in Ukraine.

Economic assistance from the United States and allies is crucial for Ukraine's defense and maintaining government services.

The claim that economic assistance from the United States and its allies is crucial for Ukraine's defense and maintaining government services is accurate. As of December 31, 2025, the U.S. Congress had allocated $188 billion related to the war in Ukraine, with approximately $127 billion directly supporting Ukraine. This assistance has been vital in enabling Ukraine to defend its sovereignty and sustain essential government functions. Additionally, European countries have collectively provided more aid than the United States since the start of the war, further underscoring the critical role of international economic support in Ukraine's defense and governance.

The United States executed its portion of a $50 billion G7 loan initiative for Ukraine, funded by proceeds from immobilized Russian assets.

The claim accurately states that the United States executed its portion of a $50 billion G7 loan initiative for Ukraine, funded by proceeds from immobilized Russian assets. On December 10, 2024, the U.S. Department of the Treasury announced the disbursement of $20 billion to benefit Ukraine, as part of the G7's Extraordinary Revenue Acceleration (ERA) Loans initiative. This funding was indeed sourced from the windfall proceeds earned from Russia's immobilized assets. ([home.treasury.gov](https://home.treasury.gov/news/press-releases/jy2744?utm_source=openai))

The U.S. is providing security assistance to Ukraine and tightening sanctions on Russia.

On December 30, 2024, the U.S. Department of Defense announced a significant security assistance package for Ukraine, totaling approximately $2.47 billion. This included a $1.25 billion Presidential Drawdown Authority package and a $1.22 billion Ukraine Security Assistance Initiative package, providing munitions for air defense, rocket systems, artillery, and anti-tank weapons. Additionally, on December 31, 2024, the U.S. Department of the Treasury imposed new sanctions on individuals and entities from Russia and Iran for their involvement in interfering with the 2024 U.S. elections. These actions confirm that the U.S. was actively providing security assistance to Ukraine and tightening sanctions on Russia at that time.

The U.S. Treasury is disbursing $20 billion to Ukraine as part of a $50 billion initiative funded by windfall proceeds from Russia's immobilized assets.

The U.S. Treasury announced on December 10, 2024, the disbursement of $20 billion to benefit Ukraine as part of the $50 billion G7 Extraordinary Revenue Acceleration Loans Initiative. These funds are sourced from windfall proceeds earned from Russia's immobilized assets. This aligns with the claim made in the tweet.

The G7 leaders, including the President of the United States, have taken action to make Russia bear the costs of its illegal war.

The claim states that G7 leaders, including the U.S. President, have taken action to make Russia bear the costs of its illegal war. This is accurate. In June 2024, G7 leaders agreed to provide Ukraine with $50 billion in aid, utilizing profits from approximately $300 billion in frozen Russian sovereign assets held in Western countries. This decision was aimed at ensuring that Russia bears the financial burden of its aggression, rather than the taxpayers of the G7 nations. Additionally, in October 2024, G7 finance ministers committed to enhancing efforts to prevent Russia from evading sanctions, further increasing the economic pressure on Russia. These coordinated actions by the G7 align with the claim that they are making Russia bear the costs of its illegal war.

Community lenders under the Biden-Harris Administration have driven record growth in rural and urban communities and are investing to increase the supply of affordable housing across the country.

The Biden-Harris Administration has indeed implemented initiatives to support community lenders and invest in affordable housing. For instance, in May 2024, the administration announced $5.5 billion in grants for affordable housing, community development, and homeless assistance, aiming to boost economic growth and address housing needs across 1,200 communities. Additionally, in August 2024, HUD enhanced programs to facilitate the construction of new affordable homes. However, the claim that these efforts have "driven record growth" in both rural and urban communities lacks specific, publicly available data to substantiate the assertion of record-level growth. While the administration's initiatives are significant, without concrete evidence of unprecedented growth metrics, the claim is somewhat misleading.

Turkey has a serious economic reform agenda and is working to counter sanctions evasion and terrorist financing.

Turkey has indeed undertaken economic reforms and has been removed from the FATF's 'gray list' in June 2024, indicating progress in addressing money laundering and terrorist financing concerns. However, reports suggest that Turkey continues to be a hub for Hamas's financial operations, with U.S. sanctions targeting Turkey-based individuals and entities supporting Hamas as recently as October 2024. This ongoing support for Hamas raises questions about the effectiveness and sincerity of Turkey's efforts to counter terrorist financing.

The U.S. provided budget support for Ukraine and discussed the G7’s Extraordinary Revenue Loans Initiative.

The claim accurately reflects events from October 2024. On October 23, 2024, U.S. Treasury Secretary Janet Yellen and Ukrainian Finance Minister Sergii Marchenko signed a joint statement agreeing to attract $20 billion for Ukraine under the G7's Extraordinary Revenue Acceleration (ERA) initiative. This initiative aimed to provide approximately $50 billion in loans to Ukraine, to be repaid using future revenues from immobilized Russian sovereign assets. Additionally, on October 25, 2024, G7 leaders reached a consensus on delivering these ERA loans to Ukraine. Therefore, the claim about U.S. budget support for Ukraine and discussions on the G7’s ERA initiative is accurate.

The U.S. and Australia are working together on developing diverse, secure, high-quality, and sustainable supply chains and on international tax issues.

The claim accurately reflects ongoing collaborations between the U.S. and Australia. In September 2024, both countries, along with the UK, established the Supply Chain Resilience Cooperation Group to enhance the resilience of critical supply chains, particularly in the telecommunications sector. Additionally, in October 2024, U.S. Secretary of Energy Jennifer Granholm and Australian Minister for Climate Change and Energy Chris Bowen emphasized their commitment to developing clean energy supply chains, including solar PV and energy storage. These initiatives demonstrate active cooperation on supply chain development. Regarding international tax issues, both nations have been involved in global discussions, such as the G20 Ministerial Declaration on International Tax Cooperation in July 2024, indicating their collaborative efforts in this area.

CDFIs have grown from fewer than 200 to more than 1,400 nationwide, holding $450 billion in assets.

The claim states that since 1997, the number of Community Development Financial Institutions (CDFIs) has increased from fewer than 200 to more than 1,400 nationwide, holding $450 billion in assets. According to the U.S. Department of the Treasury, in 1997, there were fewer than 200 CDFIs. By the end of Fiscal Year 2024, the number of certified CDFIs had grown to 1,426. Additionally, a report by the Federal Reserve Bank of New York indicates that as of the second quarter of 2025, CDFIs held $446 billion in assets. These figures substantiate the claim's accuracy regarding both the growth in the number of CDFIs and the total assets they hold.

Today's sanctions will further diminish and degrade Russia's war machine.

The U.S. imposed sanctions on Gazprombank and other Russian financial institutions on November 21, 2024, aiming to weaken Russia's military capabilities. Treasury Secretary Janet Yellen stated these measures would "further diminish and degrade Russia's war machine." While the sanctions targeted key financial entities, their immediate impact on Russia's military operations was limited. Reports indicated that Russia's economy continued to grow, with GDP projected to increase by 3.5% to 4% in 2024, driven by high public spending and increased revenue from exports and domestic activity. Therefore, while the sanctions were intended to degrade Russia's war machine, their immediate effectiveness in achieving this goal was limited.

The final rule will significantly increase CFIUS's ability to review real estate transactions near military bases and deter foreign adversaries.

The claim accurately reflects the content of the final rule issued by the U.S. Department of the Treasury on November 1, 2024. This rule significantly expands the Committee on Foreign Investment in the United States (CFIUS)'s jurisdiction to review real estate transactions by foreign persons near over 60 military installations across 30 states. The expansion aims to deter and prevent foreign adversaries from threatening U.S. Armed Forces, including through intelligence gathering. This information is corroborated by the official Treasury press release.

The U.S. Treasury has announced a National Strategy for Financial Inclusion.

The U.S. Department of the Treasury released the National Strategy for Financial Inclusion on October 29, 2024, as stated in the claim. This strategy provides a roadmap for the public, private, and non-profit sectors to promote the ability of all communities to fully participate in the U.S. economy and financial system.

The U.S. economy is strong now compared to when the current administration took office four years ago.

The claim asserts that the U.S. economy is strong now compared to when the current administration took office four years ago. In October 2024, the U.S. economy exhibited a 2.8% annual growth rate, primarily driven by robust consumer spending, indicating economic strength. However, the unemployment rate rose to 4.1% in October 2024, the highest since 2020, due to factors like hurricanes and labor strikes. Additionally, inflation ticked up to 2.6% over the 12 months through October 2024, suggesting persistent price pressures. While the economy showed signs of strength, these challenges provide important context that the claim omits.

Wages have risen faster than prices, allowing the typical American to afford more goods and services than before the pandemic, and Americans are starting new businesses at a record rate.

The claim that wages have risen faster than prices, allowing the typical American to afford more goods and services than before the pandemic, is somewhat misleading. While nominal wages have increased, inflation has also risen significantly. Data from Statista indicates that from January 2020 to mid-2024, nominal wages increased by 22.7%, while consumer prices rose by 21.0%, resulting in a real wage growth of only 1.5% over four and a half years. This modest increase suggests that the typical American's purchasing power has not substantially improved compared to pre-pandemic levels. Regarding the claim that Americans are starting new businesses at a record rate, data shows that in 2023, nearly 5.5 million new business applications were filed, marking a record high. However, in 2024, business formations declined by 5% compared to the previous year, indicating a slowdown in new business creation. Therefore, while there was a surge in new business applications in 2023, the trend did not continue into 2024.

The diverse banking system has played a critical role in helping jumpstart the economic recovery.

The claim that the diverse banking system played a critical role in jumpstarting the economic recovery is partially supported by evidence. Treasury Secretary Janet Yellen highlighted the partnership between the government and banks in providing capital to households and businesses, contributing to economic growth. However, reports from the Office of the Comptroller of the Currency (OCC) in 2024 indicate that while the banking system remains sound, there are increasing risks in areas like commercial real estate and consumer financial stress. Additionally, the Federal Reserve noted that banks' liquidity positions remained ample, but challenges such as high reliance on uninsured deposits were identified. Therefore, while banks have contributed to economic recovery, the claim overlooks existing vulnerabilities and risks within the banking system.

Germany's Federal Minister of Finance and I discussed various important topics including budget priorities, international tax, support for Ukraine, and cooperation on Russian sanctions.

The claim accurately reflects the topics discussed between the U.S. Secretary of the Treasury and Germany's Federal Minister of Finance during their meeting on October 24, 2024. According to the U.S. Department of the Treasury's readout, they addressed Germany's medium-term budget priorities, international tax issues, support for Ukraine, and cooperation on Russian sanctions.

The UK and the US are collaborating on using Russian assets to assist Ukraine and on issues related to international financial institutions.

The claim that the UK and the US are collaborating on using Russian assets to assist Ukraine and on issues related to international financial institutions is supported by multiple sources. In October 2025, UK Prime Minister Sir Keir Starmer stated that the UK was "ready to progress" to using the full value of frozen Russian assets to support Ukraine's war effort, in coordination with the US and other allies. Additionally, in June 2024, the US and its European allies were nearing an agreement on using profits from frozen Russian assets to secure billions for Ukraine's war effort, aiming to finalize the deal by the Group of Seven summit later that month. These actions demonstrate active collaboration between the UK and the US on utilizing Russian assets to aid Ukraine and address related international financial matters.

Saudi Arabia's Finance Minister and I discussed regional and global economic developments, particularly economic stability in the West Bank amid conflict.

The claim states that the meeting between the U.S. official and Saudi Arabia's Finance Minister Mohammed Al-Jadaan focused on regional and global economic developments, particularly economic stability in the West Bank amid conflict. However, the official readout from the U.S. Department of the Treasury indicates that the discussion centered on Saudi Arabia's economic outlook, reform plans, and cooperation on combating terrorism financing and money laundering, without specific mention of the West Bank or related conflicts. While it's possible that the West Bank was discussed, the absence of this detail in the official summary suggests that emphasizing it as a primary topic may not fully align with the documented account.

The U.S. announced a loan to support Ukraine.

On October 23, 2024, U.S. Treasury Secretary Janet Yellen and Ukrainian Finance Minister Sergii Marchenko signed an agreement for a $20 billion U.S. loan to Ukraine. This loan is part of a larger $50 billion G7 initiative, with repayments to be funded by profits from frozen Russian assets. The claim accurately reflects this announcement.

The Biden-Harris Administration supports Ukraine in its resistance against Russian aggression.

The Biden-Harris Administration has consistently supported Ukraine in its resistance against Russian aggression. As of December 30, 2024, the U.S. had committed over $66 billion in security assistance to Ukraine since the beginning of the Biden Administration, including approximately $65.4 billion since Russia's invasion in February 2022. This support encompasses a wide range of military aid, such as air defense systems, artillery, armored vehicles, and anti-tank weapons. Additionally, the administration announced a $2.5 billion military aid package on December 30, 2024, further demonstrating its commitment to Ukraine's sovereignty and freedom.

Multilateral Development Banks cannot solve poverty or deliver the UN's Sustainable Development Goals alone.

The claim accurately reflects the reality that while Multilateral Development Banks (MDBs) are significant tools in addressing global issues, they cannot independently solve poverty or achieve the UN's Sustainable Development Goals. These goals require coordinated efforts from multiple sectors, including governments, private sector, and civil society.

The global economy has shown resilience and America's strong economic performance is leading the way as a key engine of global growth.

The claim that "The global economy has shown resilience and America's strong economic performance is leading the way as a key engine of global growth" is supported by multiple sources. The OECD projected global GDP growth of 3.3% in 2025, indicating resilience despite challenges. The Peterson Institute for International Economics noted that the U.S. economy surprised to the upside, projecting a robust 2.8% GDP growth in 2024. Additionally, the IMF upgraded its U.S. growth forecast to 2.8% in 2024, the highest among G7 countries, highlighting America's role as a key engine of global growth.

The Inflation Reduction Act, the Bipartisan Infrastructure Law, and the CHIPS and Science Act are creating good-paying jobs across the country for all Americans, including those without a college degree.

The Inflation Reduction Act, Bipartisan Infrastructure Law, and CHIPS and Science Act have collectively supported nearly 3 million jobs annually across the U.S., with many positions accessible to individuals without a college degree. These jobs span sectors like construction, manufacturing, and clean energy, offering good wages and opportunities for workers without higher education credentials.

Isolationism and broad-based tariffs would raise costs for Americans.

The claim that isolationism and broad-based tariffs would raise costs for Americans is supported by economic analyses. Broad-based tariffs increase the cost of imported goods, leading to higher prices for consumers and businesses. For instance, a study by the American Enterprise Institute found that tariffs reduce after-tax income for households at all income levels and are slightly regressive. Additionally, isolationist policies can disrupt global supply chains, further elevating costs. Historical examples, such as the Smoot-Hawley Tariff Act of 1930, demonstrate that protectionist measures can exacerbate economic downturns by prompting retaliatory tariffs and reducing international trade.

Unemployment is near all-time lows and U.S. real wage growth has outperformed that of most other advanced economies.

The claim that "Unemployment is near all-time lows" is somewhat misleading. In October 2024, the U.S. unemployment rate was 4.1%, which is higher than the pre-pandemic low of 3.5% in July 2022. While 4.1% is relatively low, it is not near the all-time low. Regarding the assertion that "U.S. real wage growth has outperformed that of most other advanced economies," specific comparative data is not provided in the available sources. Without concrete evidence, this part of the claim cannot be fully verified.

The U.S. is leading the world in historic economic recovery, with strong GDP growth, low unemployment, and significantly dropped inflation.

The claim states that the U.S. is leading the world in historic economic recovery, citing strong GDP growth, low unemployment, and significantly dropped inflation. While the U.S. economy showed positive indicators in 2024, the characterization of 'leading the world' and 'historic' recovery is somewhat exaggerated. In Q2 2024, U.S. GDP grew at an annualized rate of 2.8%, an acceleration from 1.4% in Q1, with consumer spending and equipment investment contributing significantly. However, the unemployment rate remained at 4.1% in October 2024, which is higher than the pre-pandemic rate of 3.5% in January 2020. Inflation showed signs of moderation, with the core PCE deflator rising 2.9% at an annualized rate in Q2, down from 3.7% in the previous quarter. While these figures indicate economic recovery, they do not necessarily support the claim of the U.S. 'leading the world' in a 'historic' recovery, as other economies also experienced growth during this period.

More than 41 million U.S. jobs depend on trade.

The claim that "More than 41 million U.S. jobs depend on trade" is supported by a 2022 study from the Business Roundtable, which found that 41.5 million American jobs were tied to international trade in 2019. This figure represents approximately 20.3% of total U.S. employment at that time. While the data is from 2019, it remains a credible source for understanding the significant role of trade in supporting U.S. employment.

Today's sanctions target Iranian efforts to channel revenues from its energy industry to finance dangerous activities.

The U.S. Department of the Treasury expanded sanctions on Iran's petroleum and petrochemical sectors on October 11, 2024, in response to Iran's October 1 ballistic missile attack on Israel. These sanctions aimed to limit Iran's ability to generate revenue from its energy industry, which the U.S. government stated was used to fund activities destabilizing the region and supporting terrorist organizations. Therefore, the claim accurately reflects the U.S. government's actions and stated intentions regarding the sanctions.

CDFIs are making the largest bond funding announcement in the program's history.

On October 11, 2024, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced three guarantees totaling $498 million under the CDFI Bond Guarantee Program. This issuance was the largest in the program's history, surpassing the previous record of $355 million in 2022. Therefore, the claim that the CDFI Fund made the largest bond funding announcement in the program's history on that date is accurate.

More than 19 million new small business applications have been filed during the Biden-Harris Administration.

The claim that more than 19 million new small business applications have been filed during the Biden-Harris Administration is accurate. As of August 2024, over 19 million new business applications had been filed, and by November 2024, this number exceeded 20 million. These figures are supported by official data from the U.S. Small Business Administration.

The Biden administration has fueled major investments in key sectors of the economy that will support small businesses.

The Biden administration has indeed made significant investments in key sectors of the economy that support small businesses. For instance, the U.S. Department of Agriculture announced over $120 million in funding to expand domestic fertilizer production and increase meat and poultry processing capacity, benefiting small businesses in agriculture. Additionally, the Small Business Administration reported a historic surge in small business financing, delivering $56 billion to small businesses and disaster-impacted communities in Fiscal Year 2024. These initiatives demonstrate substantial support for small businesses across various sectors.

The CDFI Fund has had a significant impact on communities nationwide since it was established 30 years ago.

The Community Development Financial Institutions (CDFI) Fund, established in 1994, has significantly impacted communities nationwide over the past 30 years. As of 2025, there are over 1,400 certified CDFIs managing more than $222 billion in assets, providing financial services to underserved communities. In fiscal year 2024 alone, the CDFI Fund awarded $408.2 million to 357 organizations, supporting affordable housing, small businesses, and community facilities. These efforts have led to the financing of over 109,000 businesses and the provision of funding for more than 45,000 affordable housing units, demonstrating the Fund's substantial and ongoing impact.

Direct File can save Americans tens of millions of dollars in filing fees.

The claim that 'Direct File has the potential to save Americans tens of millions of dollars in filing fees' is supported by evidence. During the 2024 pilot, approximately 140,000 taxpayers used Direct File, saving an estimated $5.6 million in tax preparation fees. With the program's expansion to 25 states and eligibility for over 30 million taxpayers in 2025, the potential savings could indeed reach tens of millions of dollars.

The Inflation Reduction Act is lowering costs for electric vehicles, resulting in more than $2 billion in savings for Americans since January.

The U.S. Department of the Treasury announced on October 1, 2024, that consumers have saved over $2 billion in upfront costs on the purchase of more than 300,000 clean vehicles since January 1, 2024, due to the Inflation Reduction Act. This confirms the claim that the Act is lowering costs for electric vehicles, resulting in significant savings for Americans.

Consumers save $1,750 each year on gas and maintenance and $21,000 over the lifetime of a vehicle.

The claim that consumers save $1,750 annually on gas and maintenance, totaling $21,000 over a vehicle's lifetime, is supported by data from the U.S. Department of the Treasury. Their June 2024 report indicates that consumers save approximately $1,750 per year on fuel and maintenance costs, amounting to $21,000 over a typical 15-year vehicle lifespan. This aligns with the claim made.

We are on a path to a soft landing with a healthy labor market and inflation down considerably.

As of late September 2024, multiple indicators support the claim that the U.S. economy is on a path to a soft landing, characterized by a healthy labor market and significantly reduced inflation. Treasury Secretary Janet Yellen stated on September 7, 2024, that the economy remains solid, with no meaningful layoffs, indicating a strong labor market. Additionally, the National Retail Federation noted on September 6, 2024, that the economy is on the cusp of a soft landing, with a simultaneous cooling of growth and inflation. These assessments are further supported by a robust jobs report in early October 2024, where the U.S. added 254,000 jobs, and the unemployment rate decreased to 4.1%, signaling continued labor market strength. Therefore, the claim accurately reflects the economic conditions at that time.

The Affordable Care Act provided affordable and reliable health care coverage to 3.3 million small business owners and entrepreneurs in 2022.

The U.S. Department of the Treasury reported that in 2022, 3.3 million small business owners and self-employed workers were covered by Affordable Care Act (ACA) Marketplace plans. This group accounted for 28% of all Marketplace enrollees aged 21-64. The claim accurately reflects these statistics, indicating that the ACA provided affordable and reliable health care coverage to 3.3 million small business owners and entrepreneurs in 2022.

Marketplace enrollment has surged and premiums are more affordable for American small businesses and entrepreneurs due to the Biden-Harris Administration’s economic policies.

The claim that marketplace enrollment has surged is accurate, with over 21.3 million people selecting Affordable Care Act (ACA) Marketplace plans for 2024, marking a significant increase from previous years. However, the assertion that premiums are more affordable for American small businesses and entrepreneurs is misleading. While individual marketplace premiums have seen moderate increases, employer-sponsored insurance premiums for small businesses have risen by 7% in 2024, reaching an average of $25,572 for family coverage. This suggests that small businesses may not be experiencing the affordability improvements implied in the claim.

Inflation is significantly down, the labor market is strong, and the economy is on the path to a soft landing.

In September 2024, the U.S. economy showed positive signs: inflation decreased to 2.4%, approaching the Federal Reserve's 2% target, and the labor market added 254,000 jobs, reducing the unemployment rate to 4.1%. However, the term 'significantly down' for inflation may be an overstatement, as the decrease was modest. Additionally, while the labor market was strong, the claim that the economy was 'on the path to a soft landing' is more of a projection than a confirmed fact. Therefore, the claim is somewhat misleading due to slight exaggeration and speculative language.

The U.S. Treasury is committed to targeting Hamas's key sources of revenue and is encouraging allies to take similar actions.

The U.S. Treasury has actively targeted Hamas's key sources of revenue through multiple sanctions and actions. For instance, on October 7, 2024, the Treasury designated individuals and entities involved in Hamas's international fundraising network, including a sham charity and a Hamas-controlled financial institution in Gaza. Additionally, the U.S. has coordinated with allies like the United Kingdom and Australia to impose joint sanctions on Hamas financial facilitators. These actions demonstrate a clear commitment to disrupting Hamas's financial operations and encouraging similar measures from international partners.

The Biden-Harris Administration’s economic agenda is helping Texas business leaders create new jobs.

The claim that the Biden-Harris Administration's economic agenda is helping Texas business leaders create new jobs is partially supported by evidence. The administration has implemented policies such as the Bipartisan Infrastructure Law and the Inflation Reduction Act, which have led to significant investments in Texas, including over $184 million for water infrastructure and $7.4 million for clean ports initiatives. Additionally, the U.S. Department of the Treasury reported a surge in entrepreneurship during the administration, with small businesses creating over 70% of net new jobs since 2019. However, while these federal initiatives contribute to job creation, Texas's robust job growth is also driven by state-level policies and its favorable business climate. Governor Greg Abbott has highlighted Texas's economic strength, noting that the state added more jobs than any other in 2024 and has been recognized with multiple awards for its business environment. Therefore, attributing job creation solely to the Biden-Harris Administration's agenda without acknowledging state-level factors provides an incomplete picture.

The Inflation Reduction Act is modernizing the IRS's technology and operations, enhancing the customer experience for taxpayers.

The Inflation Reduction Act (IRA) allocated significant funding to modernize the IRS's technology and operations, aiming to enhance taxpayer services. Notable improvements include the IRS scanning over 1 million forms in 2023, a substantial increase from previous years, and the introduction of the IRS Energy Credits Online tool to facilitate clean energy credit claims. However, challenges persist. A Treasury Inspector General report from August 2025 highlighted that $4.6 million intended for modernization was misallocated to maintain legacy systems. Additionally, a 2025 restructuring led to a 40% reduction in the IRS's IT workforce, potentially hindering modernization efforts. While the IRA has driven progress, these issues suggest that the claim may overstate the current state of IRS modernization and its impact on the taxpayer experience.

TFI has played a critical role in identifying and disrupting illicit financial networks that support terrorism over the past two decades.

The U.S. Department of the Treasury's Office of Terrorism and Financial Intelligence (TFI) has been instrumental in identifying and disrupting illicit financial networks that support terrorism. Established in 2004, TFI employs a comprehensive approach, including intelligence analysis, sanctions enforcement, financial regulation, and international collaboration, to target terrorist financing. For instance, TFI's efforts have significantly strained al-Qaida's financial resources, hindering their operational capabilities. Additionally, TFI has played a pivotal role in disrupting the financial networks of groups like ISIS, contributing to the degradation of their financial infrastructure. These actions underscore TFI's critical role in counterterrorism over the past two decades.

Nearly 50 million U.S. residents have been covered through the Affordable Care Act marketplaces over the last decade.

The claim that nearly 50 million U.S. residents have been covered through the Affordable Care Act (ACA) marketplaces over the last decade is accurate. According to data released by the U.S. Department of the Treasury on September 10, 2024, nearly 50 million Americans, or 1 in 7 U.S. residents, have been covered through the ACA marketplaces since January 2014. This figure reflects the total number of individuals who have enrolled in ACA marketplace plans over the past decade, including those who may have had coverage for varying durations during that period.

Marketplace health insurance has become significantly more affordable due to the American Rescue Plan and Inflation Reduction Act.

The American Rescue Plan Act (ARPA) of 2021 and the Inflation Reduction Act (IRA) of 2022 significantly enhanced premium tax credits for Affordable Care Act (ACA) marketplace health insurance plans. These enhancements reduced premiums for millions of Americans, making health insurance more affordable. The ARPA initially increased and expanded federal premium tax credits, leading to a record-high marketplace enrollment of 14.5 million people in 2022. The IRA extended these enhanced subsidies through 2025, preventing substantial premium increases and maintaining affordability for enrollees. Therefore, the claim that marketplace health insurance has become significantly more affordable due to these acts is accurate.

Marketplace enrollment surged under the Biden-Harris Administration, helping American families save money and entrepreneurs find coverage.

The claim that Marketplace enrollment surged under the Biden-Harris Administration is supported by data. During the 2024 Open Enrollment Period, a record 21.3 million people selected Affordable Care Act (ACA) Marketplace plans, marking a significant increase from previous years. This surge is attributed to policies such as enhanced subsidies under the American Rescue Plan and the Inflation Reduction Act, which made health insurance more affordable for many Americans. Additionally, the increased enrollment provided coverage options for entrepreneurs and others seeking insurance while starting businesses. Therefore, the claim accurately reflects the impact of the administration's policies on Marketplace enrollment and the resulting benefits for American families and entrepreneurs.

The U.S. Treasury sanctioned 10 individuals and 2 entities due to Russian efforts to influence the 2024 presidential election.

On September 4, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and 2 entities in response to Russian efforts to influence the 2024 U.S. presidential election. This action was part of a coordinated U.S. government response to Moscow's malign influence operations targeting the election. The sanctioned individuals and entities were involved in activities such as using generative artificial intelligence to create deep fakes and disinformation, and covertly recruiting unwitting American influencers to support their campaigns. This information is corroborated by the Treasury Department's official press release dated September 4, 2024.

Entrepreneurship has surged in the U.S. under the leadership of the President and Vice President.

The claim that 'entrepreneurship has surged in the U.S. under the leadership of the President and Vice President' is partially accurate. Data indicates a significant increase in new business applications, with 5.2 million filed in 2024, marking a 48.6% rise from 2019. Additionally, the Small Business Administration backed $56 billion in financing for small businesses in fiscal year 2024, a 7% increase from the previous year. However, attributing this surge solely to the current administration's leadership is an oversimplification. Factors such as the post-pandemic economic recovery and broader economic trends also play substantial roles in this increase. Therefore, while the data supports a surge in entrepreneurship, the claim's framing may lead a reasonable person to overlook other contributing factors.

The Inflation Reduction Act was signed into law two years ago and has lowered costs, strengthened the economy, and invested in clean energy.

The Inflation Reduction Act (IRA), signed into law in August 2022, has indeed made significant investments in clean energy and has been projected to reduce greenhouse gas emissions by up to 40% below 2005 levels by 2030. However, claims that it has 'lowered costs' and 'strengthened the economy' are more nuanced. While the IRA includes provisions aimed at reducing prescription drug prices and offers tax credits for energy-efficient home improvements, the Congressional Budget Office estimated that the act would have no statistically significant effect on inflation in 2022 and 2023. Therefore, while the act has made strides in clean energy investment, its immediate impact on lowering overall costs and strengthening the economy is less clear.

Connecticut has joined the IRS's Direct File program for Filing Season 2025, making it the 18th state to do so.

On August 9, 2024, Connecticut announced its participation in the IRS Direct File program for the 2025 filing season. This made Connecticut the latest state to join at that time, following Oregon, New Jersey, Pennsylvania, and New Mexico. The claim that Connecticut became the 18th state to join the program is accurate, as the program expanded to 24 states for the 2025 tax season.

The Inflation Reduction Act is saving money for millions of Americans on their monthly utility bills.

The claim that the Inflation Reduction Act (IRA) is saving money for millions of Americans on their monthly utility bills is supported by data from the U.S. Department of the Treasury. In 2023, over 3.4 million American families benefited from $8.4 billion in tax credits for clean energy and energy efficiency upgrades, leading to significant reductions in utility bills. For instance, households installing residential solar have saved a median of $2,230 annually, and those installing efficient heat pumps and improving building efficiency are expected to save up to $600, $1,200, or $3,100 per year, depending on the type of heating and cooling system replaced. These figures demonstrate that the IRA has effectively reduced monthly utility expenses for millions of Americans.

More than 3.4 million American families benefited from $8.4 billion in tax credits for home energy upgrades.

The claim that more than 3.4 million American families benefited from $8.4 billion in tax credits for home energy upgrades is accurate. According to data released by the U.S. Department of the Treasury on August 7, 2024, in 2023, over 3.4 million families claimed a total of $8.4 billion in tax credits for clean energy and energy efficiency improvements to their homes. This information is corroborated by multiple reputable sources, including the IRS and the Washington Post.

New Mexico is the fourth new state to join the IRS Direct File for Filing Season 2025, bringing the total to 16 states.

On August 1, 2024, the U.S. Department of the Treasury announced that New Mexico became the fourth new state to join the IRS Direct File program for Filing Season 2025, bringing the total number of participating states to 16. This information is confirmed by the official press release from the U.S. Department of the Treasury.

Direct File is a new product that allows taxpayers to file their taxes online for free directly with the IRS, saving them time and money compared to using for-profit companies.

The IRS launched Direct File in 2024, allowing eligible taxpayers to file their federal taxes online for free directly with the IRS, eliminating the need for paid services from for-profit companies. This initiative aimed to save taxpayers both time and money. ([usds.gov](https://www.usds.gov/impact-report/2024/directfile/?utm_source=openai))

The U.S. economy grew 2.8% in the second quarter of 2024.

The claim that the U.S. economy grew by 2.8% in the second quarter of 2024 is accurate. The Bureau of Economic Analysis reported a 2.8% annualized growth rate for Q2 2024, up from 1.4% in Q1. This growth was primarily driven by increases in consumer spending, inventory investment, and business investment. Subsequent revisions confirmed a slightly higher growth rate of 3.0% for the same period.

The U.S. Treasury has backed key reforms at the IDB to support a thriving Amazon, including increasing private sector investment in nature-based solutions.

The U.S. Treasury has indeed supported key reforms at the Inter-American Development Bank (IDB) to promote a thriving Amazon, including initiatives to increase private sector investment in nature-based solutions. In March 2024, the U.S. Treasury backed a $3.5 billion capital increase for IDB Invest, the IDB's private sector arm, aimed at mobilizing private capital for sustainable development in Latin America and the Caribbean. This capital increase is expected to generate over $100 billion in long-term financing over a decade, with a significant portion directed towards environmental and social initiatives in the Amazon region. Additionally, in June 2024, IDB Invest issued its first private sector bond to finance green and social projects in the Amazon, further demonstrating the commitment to nature-based solutions. These actions align with the U.S. Treasury's support for reforms that enhance private sector investment in the Amazon's sustainable development.

The Biden-Harris Administration’s Inflation Reduction Act is improving taxpayer services.

The Inflation Reduction Act (IRA) has significantly enhanced IRS taxpayer services. The IRS hired 5,000 new customer service staff, leading to an 87% Level of Service on its main taxpayer help line during the 2023 filing season, up from 10% in previous years. Phone wait times decreased from 28 minutes to 3 minutes, and the IRS answered 3 million more calls. Additionally, the IRS cleared its backlog of unprocessed 2022 individual tax returns and digitized 80 times more returns than in 2022. These improvements demonstrate that the IRA has effectively improved taxpayer services.

A new regional partnership was announced to support efforts to disrupt nature crimes in the Amazon.

The claim accurately states that a new regional partnership was announced to support efforts to disrupt nature crimes in the Amazon. On July 27, 2024, U.S. Treasury Secretary Janet Yellen announced the Amazon Region Initiative Against Illicit Finance in Belém, Brazil. This initiative involves collaboration between the United States and Amazon basin countries—Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname—to combat illicit financial activities fueling environmental crimes such as illegal logging, mining, and wildlife trafficking in the Amazon region. The partnership aims to enhance cooperation among finance ministries, law enforcement agencies, and other entities to detect and disrupt illicit finance networks operating in the area. ([fraser.stlouisfed.org](https://fraser.stlouisfed.org/files/docs/publications/treaspr/2024/2024-07-27_jy2503.pdf?utm_source=openai))

Climate change poses risks across various sectors of the economy, including agriculture and infrastructure.

The claim that climate change poses risks across various sectors of the economy, including agriculture and infrastructure, is well-supported by scientific research and reports. Climate change impacts agriculture through altered weather patterns, affecting crop yields, and infrastructure through increased frequency of extreme weather events, leading to damage and increased maintenance costs. These risks are widely recognized by experts and organizations such as the IPCC.

The Administration is implementing the Inflation Reduction Act, which is the most significant climate legislation in history and is investing hundreds of billions of dollars in clean energy.

The Inflation Reduction Act (IRA), signed into law in August 2022, is widely recognized as the most significant climate legislation in U.S. history. It allocates approximately $369 billion for climate and clean energy provisions, marking the largest federal investment to combat climate change. These funds are directed toward various initiatives, including renewable energy production, transportation electrification, and environmental justice. The claim accurately reflects the scale and intent of the IRA's climate-related investments.

Argentina is making progress on disinflation and efforts to support the most vulnerable.

The claim that 'Argentina is making progress on disinflation and efforts to support the most vulnerable' is partially accurate. In July 2024, Argentina's monthly inflation rate decreased to 4%, down from 4.6% in June, indicating some progress in controlling inflation. However, the annual inflation rate remained extremely high at 263.4%, suggesting that while there was a slight monthly improvement, the overall inflation situation was still severe. Regarding support for vulnerable populations, the government implemented the 'Prestación Alimentar' program, providing food assistance to approximately 4 million people. While these efforts are commendable, the high inflation rates continued to erode purchasing power, and poverty levels remained significant, with reports indicating that nearly half of the population was living in poverty during this period. Therefore, while there were initiatives aimed at disinflation and supporting vulnerable groups, the overall economic conditions and high inflation rates limited the effectiveness of these efforts.

Japan has taken steps to combat Russia's aggression against Ukraine.

Japan has actively supported Ukraine in response to Russia's aggression through various measures. These include providing over $7.6 billion in financial and humanitarian aid, supplying non-lethal military equipment such as bulletproof vests and helmets, and imposing strict economic sanctions on Russia, including freezing assets and restricting exports. Additionally, Japan has condemned Russia's actions in international forums and supported Ukraine's sovereignty and territorial integrity.

The economic recovery and strong economic growth have been driven by the President.

The U.S. economy experienced solid growth in 2024, with a 2.8% annual increase, slightly down from 2.9% in 2023. The fourth quarter saw a 2.3% growth rate, following a 3.1% rate in the third quarter. While these figures indicate a strong economy, attributing this growth solely to the President overlooks other significant factors, such as consumer spending, which grew by 4% in the final quarter, contributing 2.7 percentage points to the GDP growth. Therefore, while the President's policies may have played a role, the claim overstates the extent of their impact by not acknowledging other contributing elements.

There is a need to work with the EU and G7 to strengthen sanctions against Russia due to its war in Ukraine.

The claim that there is a need to work with the EU and G7 to strengthen sanctions against Russia due to its war in Ukraine is accurate. As of July 2024, the EU and G7 have been actively coordinating to enhance sanctions on Russia. For instance, in June 2024, the EU adopted its 14th package of sanctions, focusing on energy-related measures and targeting Russia's 'shadow fleet' used to circumvent existing restrictions. Additionally, in July 2024, EU member states discussed extending the freezing of Russian Central Bank assets to secure a $50 billion loan for Ukraine from G7 countries. These actions underscore the ongoing efforts to bolster sanctions in response to Russia's aggression in Ukraine.

The global economy remains strong today due to the United States' economic performance.

The claim suggests that the global economy's strength is primarily due to the United States' economic performance. While the U.S. economy has shown resilience, with a projected GDP growth of 2.6% in 2024, global growth is expected to slow to 2.6% in 2024, down from 2.9% in 2023. This indicates that the global economy is not particularly strong, and attributing its condition mainly to the U.S. overlooks other significant factors and regional variations.

The U.S. is taking action to counter the Iranian regime's financing of terrorist actors and is working with G7 partners on joint sanctions.

The claim that the U.S. is taking action to counter the Iranian regime's financing of terrorist actors and is working with G7 partners on joint sanctions is accurate. In April 2024, following Iran's missile and drone attack on Israel, the U.S. announced plans to impose new sanctions targeting Iran's missile and drone programs. The Biden administration coordinated with G7 countries to develop a broader international response, including sanctions. Additionally, in October 2024, U.S. President Joe Biden discussed with G7 leaders the coordination of new sanctions and other measures in response to Iran's attack on Israel. These actions demonstrate the U.S. and G7 partners' collaborative efforts to counter Iran's financing of terrorist activities through joint sanctions.

America is stronger when we work with our partners and allies.

The claim that 'America is stronger when we work with our partners and allies' is a widely accepted principle in international relations. Cooperation with allies generally enhances diplomatic, economic, and security outcomes. The context of attending a G20 meeting to address global issues supports this claim.

The Biden-Harris Administration has created 15 million new jobs over 3.5 years.

The claim that the Biden-Harris Administration created 15 million new jobs over 3.5 years is somewhat misleading. While the U.S. economy added approximately 15 million jobs during this period, much of this growth was a recovery from the significant job losses caused by the COVID-19 pandemic. By June 2022, the economy had regained the pre-pandemic employment level, and subsequent job gains represent net new employment. Therefore, attributing the entire 15 million job increase solely to the administration's policies without acknowledging the context of pandemic recovery provides an incomplete picture.

The U.S. Treasury is committed to Israel's security and maintaining economic stability in the West Bank, and actions have been outlined to disrupt Iran, Hizballah, and Hamas.

The U.S. Treasury's commitment to Israel's security and economic stability in the West Bank, as well as actions to disrupt Iran, Hizballah, and Hamas, are substantiated by official statements and actions. On July 10, 2024, Secretary Yellen met with Israeli Foreign Minister Israel Katz, reaffirming these commitments and outlining measures against these groups. Additionally, the Treasury has imposed sanctions targeting financial facilitators of Hizballah and Hamas, demonstrating concrete actions to disrupt their operations.

The IRS has collected more than $1 billion from wealthy earners who haven’t paid overdue tax bills due to the Inflation Reduction Act.

The claim that the IRS has collected more than $1 billion from wealthy earners who hadn't paid overdue tax bills due to the Inflation Reduction Act is accurate. On July 11, 2024, the U.S. Department of the Treasury and the IRS announced that, utilizing resources from the Inflation Reduction Act, they had recovered over $1 billion from high-income individuals with significant tax debts. This initiative targeted taxpayers with incomes exceeding $1 million and recognized tax debts over $250,000. The funds from the Inflation Reduction Act enabled the IRS to enhance enforcement efforts, leading to this substantial recovery. Therefore, the claim is substantiated by official reports and is true.

Extreme weather events are increasingly severe and frequent, from the East Coast of the U.S. to India.

The claim that extreme weather events are becoming more severe and frequent from the East Coast of the U.S. to India is supported by substantial evidence. NASA reports that record-breaking heat waves, severe floods, prolonged droughts, and intense wildfires are increasingly common and intense globally due to climate change. ([science.nasa.gov](https://science.nasa.gov/climate-change/extreme-weather/?utm_source=openai)) Additionally, a study published in *PNAS* indicates that the most intense nor'easters affecting the U.S. East Coast have become significantly more destructive over the past 80 years, with peak wind speeds increasing by approximately 6%, leading to a 20% rise in destructive potential. ([livescience.com](https://www.livescience.com/planet-earth/climate-change/noreasters-have-become-20-percent-more-destructive-in-the-last-80-years-scientists-warn?utm_source=openai)) In India, NASA data reveals a dramatic increase in the severity and frequency of extreme weather events like droughts and floods, with their intensity doubling in the last five years. ([timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/science/nasa-data-warns-of-surge-in-extreme-weather-events-drought-and-floods-intensifying-globally/articleshow/121941706.cms?utm_source=openai)) These findings confirm the claim's accuracy.

Federal, state, and local efforts in Minneapolis are working together to increase housing supply and lower its cost.

The claim that federal, state, and local efforts in Minneapolis are working together to increase housing supply and lower its cost is partially accurate. Minneapolis has indeed implemented significant initiatives, such as the Minneapolis 2040 Plan, which eliminated single-family zoning and reduced parking requirements to encourage higher-density housing. These efforts have led to a notable increase in housing supply, with the city adding nearly 21,000 new units between 2017 and 2022, resulting in a 12% increase in housing stock and keeping rent growth at just 1% during that period. However, recent data indicates a decline in new housing construction starting in 2023, with permits dropping from 15,500 in 2022 to 5,000 in 2024, primarily due to rising construction costs and economic challenges. This slowdown may push housing prices higher, placing further stress on housing affordability. Therefore, while collaborative efforts have been made to increase housing supply and affordability, the claim overlooks recent challenges that have hindered these objectives.

The Investing in America Agenda, including the Inflation Reduction Act, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, is driving growth in new industries and creating good jobs in the Atlanta metro area.

The claim asserts that the Investing in America Agenda, encompassing the Inflation Reduction Act, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, is driving growth in new industries and creating good jobs in the Atlanta metro area. While there is evidence of significant federal investments in Georgia, including over $8.3 billion from the American Rescue Plan Act and $14.64 billion in clean energy projects spurred by the Inflation Reduction Act, specific data directly linking these investments to job creation in the Atlanta metro area is limited. For instance, the U.S. Department of the Treasury notes that 99% of clean investment dollars in Georgia since the Inflation Reduction Act passed land in counties with below-average weekly wages, indicating a focus on underserved communities statewide. However, detailed statistics on job growth in new industries within the Atlanta metro area attributable to these federal initiatives are not readily available. Therefore, while the overall direction of the claim aligns with federal investment patterns, the lack of specific data for the Atlanta metro area makes the claim somewhat misleading.

Consumers have saved $1 billion in upfront costs on electric vehicles this year thanks to the Inflation Reduction Act.

The claim that consumers have saved $1 billion in upfront costs on electric vehicles in 2024 due to the Inflation Reduction Act is supported by official data. As of June 12, 2024, the U.S. Department of the Treasury reported that consumers saved over $1 billion on more than 150,000 clean vehicle purchases since January 1, 2024. This equates to an average savings of approximately $6,667 per vehicle, aligning with the tax credits provided under the Act.

Direct File is a new, free option for Americans to file their taxes.

The claim that 'Direct File is a new, free option for Americans to file their taxes' is accurate. The IRS introduced Direct File as a free, online tax filing service during the 2024 tax season, allowing eligible taxpayers to file their federal tax returns directly with the IRS. This initiative was part of the Biden Administration's efforts to enhance taxpayer services and reduce filing costs. ([home.treasury.gov](https://home.treasury.gov/news/featured-stories/us-department-of-the-treasury-irs-announce-direct-file-as-permanent-free-tax-filing-option-all-50-states-and-dc-invited-to-join-in-filing-season-2025?utm_source=openai))

The Biden-Harris Administration has focused on advancing a housing agenda since the first day in office.

The Biden-Harris Administration has actively pursued a housing agenda since taking office. On January 26, 2021, President Biden signed a memorandum directing the Secretary of Housing and Urban Development to address discriminatory housing practices and policies. Additionally, the administration has implemented initiatives such as the House America program, launched in September 2021, which has permanently housed over 140,000 people experiencing homelessness. These actions demonstrate a consistent focus on advancing housing policies from the beginning of the administration.

New sanctions have been announced against eight individuals affiliated with La Nueva Familia Michoacana.

On June 20, 2024, U.S. Treasury Secretary Janet Yellen announced sanctions against eight individuals affiliated with La Nueva Familia Michoacana, a Mexican criminal organization involved in trafficking fentanyl and other drugs into the United States, including Georgia. This announcement was made during her visit to Atlanta, confirming the claim's accuracy.

The U.S. has sanctioned over 250 individuals and entities for drug trafficking activities in the past two years and launched a Counter-Fentanyl Strike Force.

The U.S. Department of the Treasury launched the Counter-Fentanyl Strike Force on December 4, 2023, to combat illicit fentanyl trafficking. Additionally, since President Biden signed Executive Order 14059 in December 2021, the Treasury has imposed nearly 250 sanctions on individuals and entities involved in drug trafficking activities. These actions confirm the claim's accuracy.

Sanctions disrupt the flow of money that drug cartels rely on to traffic fentanyl and conduct illegal activities.

The U.S. Department of the Treasury has implemented sanctions targeting leaders and financial networks of major Mexican drug cartels, including the Sinaloa Cartel and Cartel de Jalisco Nueva Generacion (CJNG), to disrupt their financial operations and impede fentanyl trafficking. For instance, in March 2024, the Treasury sanctioned 15 Sinaloa Cartel members and six Mexico-based businesses involved in laundering illicit fentanyl proceeds. Similarly, in July 2024, sanctions were imposed on CJNG cell leaders linked to fentanyl trafficking. These actions aim to cut off cartel leaders from their financial resources, thereby hindering their ability to traffic fentanyl and conduct other illegal activities.

The economic strategy of the President has driven a historic economic recovery and strong economic growth.

The U.S. economy experienced solid growth in 2024, with a GDP increase of 2.8%, driven primarily by robust consumer spending. However, characterizing this as a "historic economic recovery" may be an overstatement, as the growth rate was slightly below the 2.9% observed in 2023. While the economy performed well, the term "historic" suggests an unprecedented level of growth, which isn't fully supported by the data.

The Investing in America agenda has created a supportive environment for business and fueled private sector investments in key industries.

The Investing in America agenda, encompassing legislation like the Bipartisan Infrastructure Law, CHIPS and Science Act, and the Inflation Reduction Act, has indeed fostered a supportive environment for businesses and stimulated private sector investments in key industries. By November 2024, these initiatives had attracted over $1 trillion in private-sector investments, particularly in clean energy and semiconductor manufacturing. Additionally, the agenda has led to the creation of over 1.6 million construction and manufacturing jobs, indicating substantial private sector engagement and investment in critical industries.

Chinese overcapacity impacts workers in America, France, and around the world.

The claim that Chinese overcapacity impacts workers in America, France, and around the world is supported by substantial evidence. China's production capacity in sectors like steel, electric vehicles (EVs), and solar panels has significantly exceeded domestic demand, leading to a surge in exports. For instance, China's steel exports reached 90 million tonnes in 2023, a 35% increase from the previous year, contributing to global price declines and challenging foreign competitors. Similarly, China's EV production capacity is projected to reach over 70 million vehicles by 2030, while global EV sales are estimated at 44 million, indicating a substantial overcapacity that could flood international markets. This overproduction, often supported by state subsidies, allows Chinese firms to sell goods at lower prices, undermining industries and employment in countries like the United States and France. Therefore, the claim accurately reflects the global economic impact of Chinese overcapacity.

The G7 is collectively supporting Ukraine's resistance and reconstruction and constraining Russia's access to materials for its war.

The G7 has consistently supported Ukraine's resistance and reconstruction efforts. In June 2024, G7 leaders agreed to provide Ukraine with a $50 billion loan, backed by profits from approximately $300 billion in frozen Russian assets, to aid in military, economic, and humanitarian needs. Additionally, the G7 has implemented measures to constrain Russia's access to materials necessary for its war efforts, including sanctions and export controls. These actions align with the claim that the G7 is collectively supporting Ukraine and limiting Russia's war capabilities.

The U.S. and Europe are both investing in clean energy industries.

The claim that the U.S. and Europe are both investing in clean energy industries is accurate. In 2024, global investment in clean energy technologies and infrastructure was projected to reach $2 trillion, nearly double the amount allocated to fossil fuels. Europe was set to outspend the U.S. in clean energy investments, with China leading globally. Additionally, the U.S. announced significant initiatives, such as $4 billion in tax credits to support over 100 clean energy projects across 35 states, and up to $475 million in federal funding for clean energy projects on mine land sites. These actions demonstrate substantial investments by both regions in clean energy industries.

There is a partnership between the US and Germany on financial stability and combating illicit finance.

The claim that there is a partnership between the US and Germany on financial stability and combating illicit finance is accurate. Both countries are members of the G7, an informal forum that coordinates on economic and monetary matters, including financial stability. Additionally, Germany has implemented the Markets in Crypto-Assets Regulation (MiCA) to enhance financial stability and combat illicit finance, aligning with international efforts. Furthermore, the presence of roles such as Counter Threat Finance Analyst in Stuttgart, Germany, indicates active collaboration in countering illicit financial activities.

America's strong economic performance is a key engine for a resilient global economy.

The claim that "America's strong economic performance is a key engine for a resilient global economy" is partially accurate. In 2024, the U.S. economy demonstrated resilience, with GDP growth of 2.8% in the third quarter, outperforming other major economies. However, the global economy faced challenges, including sluggish growth and geopolitical tensions, leading to a projected global GDP growth of only 3.1% in 2024. While the U.S. contributed positively, the overall global economic resilience was limited, making the claim somewhat misleading.

The previous administration's actions weakened NATO and multilateralism, undermining stability and security, and resulted in missed economic opportunities for Americans.

The claim asserts that the previous administration's actions weakened NATO and multilateralism, undermining stability and security, and resulted in missed economic opportunities for Americans. While it's true that the Trump administration's policies, such as imposing broad tariffs and adopting a more unilateral approach, strained relations with NATO allies and challenged multilateral institutions, the overall economic impact on Americans is more nuanced. For instance, despite these policies, the U.S. economy did not experience a significant downturn; unemployment remained below 5%, and GDP continued to expand at a moderate pace. Therefore, while there were tensions and potential missed opportunities, the assertion that these actions directly undermined stability and security and led to missed economic opportunities is somewhat exaggerated.

The transatlantic alliance is delivering economic opportunities for Americans and Europeans.

The transatlantic alliance has indeed been fostering economic opportunities for both Americans and Europeans. The 2024 Transatlantic Economy report highlights that the $8.7 trillion transatlantic economy remains resilient, representing one-third of global GDP and supporting 16 million jobs. Additionally, collaborative efforts in clean energy supply chains and addressing Chinese overcapacity have been central to this economic partnership. These initiatives demonstrate that the alliance is actively delivering economic benefits across the Atlantic.

U.S. exports to the EU support nearly 2 million American jobs.

The claim that U.S. exports to the EU support nearly 2 million American jobs is accurate. According to the European Council, U.S. exports of goods and services to the EU support 2.3 million jobs in the United States. This figure aligns with the claim, confirming its validity.

Stafford County used American Rescue Plan funding to increase access to high-speed internet, connecting nearly 700 homes and businesses.

The claim that Stafford County used American Rescue Plan funding to increase access to high-speed internet, connecting nearly 700 homes and businesses, is supported by multiple sources. Secretary of the Treasury Janet Yellen visited Stafford County in May 2024 to highlight this broadband initiative, noting that the project had reached over 600 addresses lacking high-speed internet. Additionally, reports confirm that Comcast provided broadband services to nearly 700 homes in southwestern Stafford County as part of this initiative.

Over $850 billion in new private investments have been announced in manufacturing, clean energy, and other industries since the President took office.

As of May 2024, multiple reputable sources confirm that private companies have announced over $850 billion in new investments in manufacturing, clean energy, and related industries since the President took office. For instance, a White House press release from February 2024 stated that private companies have announced more than $640 billion in clean energy and manufacturing investments, including over $230 billion in semiconductor manufacturing. Additionally, the Department of Energy reported over $230 billion in announced energy manufacturing investments as of January 2025. These figures support the claim that over $850 billion in new private investments have been announced in these sectors since the President took office.

Investing in high-speed internet creates jobs in manufacturing and installation, and boosts long-term economic productivity and growth.

Investing in high-speed internet infrastructure indeed creates jobs in manufacturing and installation sectors. For instance, the construction and deployment of fiber-optic networks generate employment opportunities in these areas. Additionally, such investments enhance long-term economic productivity and growth. Studies have shown that broadband expansion leads to higher property values, increased job and population growth, higher rates of new business formation, and lower unemployment rates. Furthermore, a World Bank report indicates that a 10 percentage point increase in broadband penetration can result in a 1.3 percentage point increase in economic growth. These findings support the claim that high-speed internet investments boost both immediate employment and sustained economic development.

The Biden Administration has made historic investments to connect everyone in America to affordable high-speed internet.

The Biden Administration has indeed made significant investments to expand affordable high-speed internet access across the United States. Notably, the Infrastructure Investment and Jobs Act allocated $65 billion for this purpose, aiming to connect every American by 2030. Additionally, the ReConnect Program has provided substantial funding to rural and underserved areas, including a $313 million investment announced in December 2024 to connect residents in 18 states. These efforts underscore the administration's commitment to bridging the digital divide.

The American Rescue Plan funding will connect over 260,000 homes and businesses in Virginia to high-speed internet.

The claim that the American Rescue Plan funding will connect over 260,000 homes and businesses in Virginia to high-speed internet is somewhat misleading. While Virginia has indeed received significant funding from the American Rescue Plan for broadband expansion, the specific number of connections varies across different reports. For instance, in 2021, Virginia was approved for $219.8 million to expand broadband access to an estimated 76,873 locations, approximately 28% of locations lacking high-quality broadband service at that time. Additionally, in 2021, Virginia announced plans to invest $700 million from the American Rescue Plan to expedite broadband deployment, aiming to achieve universal internet access by 2024. However, as of March 2025, projects funded by the State and Local Fiscal Recovery Funds (SLFRF) had provided broadband access to 70,716 locations, reflecting 38% of the total number of locations included in SLFRF awards. The figure of 260,000 connections may represent a projected or cumulative total from various funding sources and initiatives, but it is not clearly substantiated in the available sources. Therefore, while the overall direction of the claim is accurate, the specific number cited lacks clear verification.

The IRS has improved customer service, modernized technology, and ensured that wealthy individuals, complex partnerships, and large corporations pay taxes owed due to resources from the Inflation Reduction Act.

The IRS has utilized resources from the Inflation Reduction Act to enhance customer service, modernize technology, and enforce tax compliance among wealthy individuals, complex partnerships, and large corporations. Notable improvements include reducing phone wait times from 28 minutes to 3 minutes and assisting over 100,000 more taxpayers in person. Technological advancements have been made, such as the launch of the Business Tax Account. Enforcement efforts have intensified, resulting in the collection of over $1 billion from high-income individuals who previously failed to pay owed taxes. These actions align with the claim that the IRS has improved customer service, modernized technology, and ensured that wealthy individuals, complex partnerships, and large corporations pay taxes owed due to resources from the Inflation Reduction Act.

The National Security Supplemental is providing military, economic, and humanitarian support to Ukraine.

The National Security Supplemental, signed into law on April 24, 2024, provides substantial military, economic, and humanitarian support to Ukraine. This includes $48.43 billion for military assistance, encompassing training, intelligence sharing, and equipment procurement. Additionally, the act allocates funds for economic support to ensure the continuity of Ukraine's government operations and delivery of essential services. Humanitarian aid is also included to address the needs arising from the ongoing conflict. These combined efforts are designed to bolster Ukraine's resistance against Russian aggression.

The U.S. is supporting Ukraine and holding Russia accountable for its war of aggression.

The claim that "The U.S. is supporting Ukraine and holding Russia accountable for its war of aggression" is accurate. In April 2024, the U.S. House of Representatives passed a $95 billion foreign aid package, including $61 billion for Ukraine, to bolster its defense against Russian aggression. Additionally, the U.S. has imposed extensive sanctions on Russian entities and individuals to hold Russia accountable for its actions in Ukraine.

Kenya is a valued U.S. partner and is working to boost resilience to economic and other challenges.

The claim that "Kenya is a valued U.S. partner and is working to boost resilience to economic and other challenges" is accurate. The United States and Kenya have engaged in multiple rounds of negotiations under the Strategic Trade and Investment Partnership (STIP) to enhance trade and investment relations, focusing on areas such as agriculture, workers' rights, and environmental standards. Additionally, Kenya has collaborated with international organizations like the IMF to strengthen its economic resilience, as evidenced by the completion of the seventh and eighth reviews under the Extended Fund Facility and Extended Credit Facility, which aim to support Kenya's efforts in rebuilding fiscal and external buffers and enhancing resilience to climate shocks.

A strong democracy is critical to building and sustaining a strong economy.

While there is a correlation between strong democratic institutions and economic performance, the claim that democracy is 'critical' to economic strength is somewhat overstated. Many factors contribute to economic strength, including resources, technology, and trade policies. Some non-democratic countries also have strong economies, indicating that democracy is not the sole or critical factor.

The Office of Terrorism and Financial Intelligence (TFI) was established in response to the need for economic tools to combat terrorist financing after September 11th.

The Office of Terrorism and Financial Intelligence (TFI) was established on April 28, 2004, as a response to the need for economic tools to combat terrorist financing following the September 11, 2001 attacks. This establishment aimed to enhance the Treasury Department's capabilities in identifying and disrupting financial networks supporting terrorism. The claim accurately reflects the timeline and purpose of TFI's creation.

America supports Ukraine in its fight for sovereignty and territorial integrity.

As of April 24, 2024, the United States has demonstrated steadfast support for Ukraine's sovereignty and territorial integrity. On that date, President Biden signed a $61 billion aid package for Ukraine, which includes military assistance such as long-range ATACMS missiles, artillery munitions, and armored vehicles. This substantial aid package underscores America's commitment to supporting Ukraine in its defense against Russian aggression.

The Senate and House of Representatives passed the National Security Supplemental that includes support for Ukraine.

The claim accurately states that both the Senate and the House of Representatives passed the National Security Supplemental, which includes military, economic, and humanitarian support for Ukraine. The House passed the package on April 20, 2024, and the Senate followed on April 23, 2024. President Biden signed the bill into law on April 24, 2024. The package provides approximately $95 billion in assistance to Ukraine, Israel, and Taiwan, with specific allocations for Ukraine's defense against Russia's invasion.

The US and UK are working together to deny Russia revenue for its war against Ukraine and support Ukraine's economic and military needs.

The claim that the US and UK are collaborating to deny Russia revenue for its war against Ukraine and to support Ukraine's economic and military needs is accurate. In April 2024, both countries jointly prohibited the import of Russian-origin aluminum, copper, and nickel, aiming to disrupt Russia's revenue streams. Additionally, the UK has committed over £490 million for Ukraine's energy security and resilience, while the US has provided substantial direct budget support, including a $3.4 billion disbursement in December 2024. These coordinated efforts demonstrate a concerted strategy to financially weaken Russia and bolster Ukraine's defense and economy.

The Five Finance Ministries are committed to deepening partnership on shared economic security priorities and addressing common economic risks from overconcentrated supply chains.

The claim states that the Five Finance Ministries are committed to deepening partnership on shared economic security priorities and addressing common economic risks from overconcentrated supply chains. This is supported by the U.S. Department of the Treasury's press release dated January 12, 2026, which details a meeting convened by Secretary Bessent with finance ministers from Australia, Canada, the European Union, France, Germany, India, Italy, Japan, Mexico, South Korea, and the United Kingdom. The meeting focused on securing and diversifying supply chains for critical minerals, indicating a collective commitment to economic security and addressing risks associated with overconcentrated supply chains.

The G7 is working to constrain Russia's access to goods needed for weapon building and to hold Russia accountable for its actions in Ukraine.

The G7 has actively implemented measures to restrict Russia's access to goods necessary for weapon production and has taken steps to hold Russia accountable for its actions in Ukraine. For instance, in September 2024, the G7 published joint guidance to prevent the evasion of export controls and sanctions imposed on Russia, aiming to limit its access to technologies and materials required for military operations. Additionally, in June 2024, G7 leaders agreed to provide Ukraine with $50 billion in aid, utilizing profits from frozen Russian sovereign assets, thereby holding Russia financially accountable for the damage caused in Ukraine.

The U.S. Treasury is imposing new sanctions on Iran's UAV program and major revenue generators in response to an attack on Israel.

The claim states that the U.S. Treasury imposed new sanctions on Iran's UAV program and major revenue generators in response to an attack on Israel. This is accurate. On April 18, 2024, following Iran's unprecedented drone and missile attack on Israel on April 13-14, 2024, the U.S. Treasury, in coordination with the United Kingdom, announced sanctions targeting Iran's unmanned aerial vehicle (UAV) program and key revenue sources. This action was a direct response to Iran's aggressive military operation against Israel.

The U.S. is working with Germany to implement sanctions against Russia for its actions in Ukraine.

The claim that the U.S. is working with Germany to implement sanctions against Russia for its actions in Ukraine is accurate. In April 2024, both countries coordinated efforts to impose sanctions targeting Russian entities and individuals involved in the conflict. For instance, on April 15, 2024, the U.S. sanctioned 12 entities and 10 individuals in Belarus for their support of Russia's war in Ukraine. Additionally, the U.S. and the UK jointly prohibited the Chicago (CME) and London (LME) metal exchanges from accepting new Russian aluminum, copper, and nickel, aiming to further isolate Russia economically. These actions demonstrate a collaborative approach between the U.S. and Germany in implementing sanctions against Russia.

The U.S. supports ADB’s leadership in the Asia-Pacific as it helps borrowers address the climate crisis and mobilize more private capital.

The claim that the U.S. supports the Asian Development Bank's (ADB) leadership in the Asia-Pacific, particularly in addressing the climate crisis and mobilizing private capital, is accurate. In 2024, the ADB committed $24.3 billion from its own resources and mobilized an additional $14.9 billion in cofinancing to support sustainable development in the region. The U.S. has demonstrated its commitment to climate initiatives by delivering on its promise to provide $11.4 billion annually in climate investments for vulnerable nations as of 2024. Additionally, the U.S. International Development Finance Corporation committed over $3.7 billion in new climate finance investments in Fiscal Year 2024, emphasizing the mobilization of private capital to address climate challenges. These actions align with the claim of U.S. support for ADB's efforts in the Asia-Pacific region.

The U.S.-China Economic and Financial Working Groups met and discussed combatting money laundering, promoting balanced growth, and protecting financial stability.

The U.S.-China Economic and Financial Working Groups held their fourth meeting on April 16, 2024, in Washington, D.C. During this meeting, they discussed topics including combating money laundering, promoting balanced growth, and protecting financial stability. This aligns with the claim made in the tweet.

A healthy U.S.-China economic relationship requires a level playing field for American firms and workers, and there are concerns about overcapacity.

The claim accurately reflects U.S. Treasury Secretary Janet Yellen's statements during her April 2024 visit to China. She emphasized the necessity of a level playing field for American firms and workers and expressed concerns about China's manufacturing overcapacity, particularly in sectors like electric vehicles and solar panels. These concerns were raised in discussions with Chinese officials, including Vice Premier He Lifeng, and were reported by multiple reputable sources.

Since January 2021, we have sanctioned over 500 individuals and entities connected to terrorism and terrorist financing by Iran and its proxies.

The U.S. Department of the Treasury has imposed sanctions on numerous individuals and entities connected to terrorism and terrorist financing by Iran and its proxies since January 2021. For instance, in June 2024, the Treasury sanctioned nearly 50 entities and individuals involved in a shadow banking network supporting Iran's military. Additionally, in August 2024, further sanctions targeted companies and individuals involved in shipping Iranian commodities to support groups like the Houthis and Hizballah. These actions, among others, substantiate the claim of over 500 sanctions during the specified period.

The IRS has answered 9 out of 10 calls with an average wait time of 3 minutes during this filing season, compared to fewer than 2 out of 10 calls answered with an average wait time of about 30 minutes prior to the Inflation Reduction Act.

The claim states that during the 2024 filing season, the IRS answered 9 out of 10 calls with an average wait time of 3 minutes, compared to fewer than 2 out of 10 calls answered with an average wait time of about 30 minutes prior to the Inflation Reduction Act (IRA). While the IRS did achieve an 88% level of service with an average wait time of 3 minutes in the 2024 filing season, prior to the IRA, the level of service was 15% with an average wait time of 28 minutes during the 2022 filing season. The claim slightly exaggerates the previous wait time and omits that the 15% service level was specific to 2022, not a general pre-IRA standard.

The U.S.-China bilateral economic relationship can benefit both sides.

The claim that the U.S.-China bilateral economic relationship can benefit both sides is generally accurate. Economic interactions between the two countries, such as trade and investment, have historically provided mutual benefits, including access to markets, resources, and technology. The example of a microbrewery in Beijing importing American hops illustrates a small but real instance of this economic interdependence.

I held productive meetings to advance American economic interests and cooperate on shared challenges with China.

The claim states that the politician held productive meetings to advance American economic interests and cooperate on shared challenges with China. This is supported by reports of U.S. Treasury Secretary Janet Yellen's visit to China from April 3-9, 2024, where she engaged in bilateral meetings to manage the U.S.-China economic relationship and address issues such as overcapacity and market-oriented reforms. Additionally, U.S. Secretary of State Antony Blinken visited China in April 2024 to discuss trade practices and other bilateral concerns. These visits align with the claim of holding productive meetings to advance economic interests and cooperation.

The U.S.-China relationship is stronger now than it was a year ago.

The claim that the U.S.-China relationship is stronger now than a year ago is partially supported by increased diplomatic engagements, such as Secretary of State Blinken's visit to Beijing in April 2024 and the establishment of economic and financial working groups. However, tensions persist, evidenced by U.S. actions like banning TikTok unless divested by its Chinese owner and indicting Chinese nationals for illegal technology exports. While there are efforts to improve relations, significant challenges remain, making the claim somewhat misleading.

The newly established Joint Treasury-PBOC Cooperation and Exchange on Anti-Money Laundering will strengthen collaboration to combat money laundering.

The Joint Treasury-PBOC Cooperation and Exchange on Anti-Money Laundering was established in April 2024 to enhance collaboration between the U.S. Department of the Treasury and the People's Bank of China in combating money laundering. This initiative facilitates the sharing of best practices and information to address illicit finance in both countries' financial systems. Subsequent meetings have been held to discuss topics such as beneficial ownership and updates on China's AML laws, indicating active and ongoing cooperation.

There are historic investments in Georgia and around the U.S. in new industries.

The claim that there are historic investments in Georgia and across the U.S. in new industries is supported by multiple sources. In Georgia, the state announced over $20.3 billion in investments and 26,900 new private-sector jobs in Fiscal Year 2024, with 83% of these expansions occurring outside the Atlanta region. Notable projects include GF Casting Solutions' $184 million manufacturing facility in Augusta, creating 350 jobs, and Rivian's $5 billion electric vehicle plant, expected to employ 7,500 workers. Nationally, the clean energy sector announced $500 billion in new investments and over 100,000 new manufacturing jobs between August 2022 and July 2024. Additionally, the U.S. Bureau of Economic Analysis reported $151 billion in new foreign direct investment in 2024, with Georgia receiving $16.3 billion, the second-highest among states. These figures substantiate the claim of historic investments in new industries both in Georgia and nationwide.

Many American business executives have expressed challenges of operating in China and there are risks associated with overcapacity.

The claim that many American business executives have expressed challenges operating in China is supported by multiple reports. The American Chamber of Commerce in China noted that in 2023, only 19% of member companies reported higher earnings margins in China compared to their global operations, a decline from previous years. Additionally, overcapacity concerns, particularly in industries like electric vehicles and semiconductors, have been highlighted as risks. For instance, China's substantial investment in chip manufacturing equipment has raised fears of inefficient or under-utilized capacity, potentially leading to pricing pressures globally. These factors substantiate the claim regarding operational challenges and overcapacity risks in China.

The U.S. has strengthened its relationship with emerging markets in the Indo-Pacific region, which is helping to diversify critical supply chains and bolster economic security.

The United States has actively strengthened its relationships with emerging markets in the Indo-Pacific region through initiatives like the Indo-Pacific Economic Framework for Prosperity (IPEF), launched in May 2022. This framework includes 14 member countries and focuses on enhancing supply chain resilience, economic security, and diversification. Additionally, the Quad nations (U.S., Australia, India, and Japan) have agreed to collaborate on securing and diversifying critical mineral supply chains, further bolstering economic security. These efforts collectively support the claim that the U.S. is diversifying critical supply chains and enhancing economic security through strengthened ties with Indo-Pacific emerging markets.

The economic agenda is driving a historic recovery and significant investments will lead to continued strong economic growth.

The claim that the economic agenda is driving a historic recovery and that significant investments will lead to continued strong economic growth is partially accurate. The U.S. economy demonstrated resilience in 2024, with GDP growth of 2.3% in the fourth quarter, down from 3.1% in the previous quarter, indicating a slowdown but still positive growth. Economists have raised their forecasts for 2024, reflecting increased confidence in the nation's economic resilience. However, while there have been significant investments, the term 'historic recovery' may be an overstatement, as growth rates have moderated compared to previous periods. Therefore, the claim is somewhat misleading due to the exaggerated framing.

The Inflation Reduction Act is helping lower energy costs for American families through tax credits and cheaper clean energy production.

The Inflation Reduction Act (IRA) has implemented tax credits and incentives that have led to significant energy cost savings for American families. In 2023, over 3.4 million families claimed more than $8 billion in residential clean energy and energy efficiency credits, with nearly half of these credits going to families earning under $100,000. These investments have resulted in average credits of $5,000 for energy upgrades and $880 for efficiency measures, contributing to lower energy costs. Additionally, the IRA's support for clean energy production has spurred over $215 billion in private sector investments, enhancing the affordability and availability of clean energy. ([energy.gov](https://www.energy.gov/policy/articles/how-tax-credits-are-driving-clean-energy-growth-two-years-inflation-reduction-act?utm_source=openai))

The administration has focused on creating opportunity for the middle class in America since the start of this Administration.

The administration has implemented policies aimed at benefiting the middle class, such as the American Rescue Plan and the Infrastructure Investment and Jobs Act. However, public perception is mixed; a Monmouth University poll from April 2023 indicated that 51% of Americans believe the middle class has not benefited from these policies. This suggests that while efforts have been made, their effectiveness or public reception is debatable.

Since the start of the Biden Administration, companies have announced over $675 billion in clean energy and manufacturing investments.

The claim states that since the start of the Biden Administration, companies have announced over $675 billion in clean energy and manufacturing investments. While the Department of Energy reported over $230 billion in announced energy manufacturing investments as of January 15, 2025, and the Treasury Department noted more than $140 billion in clean energy technology, electric vehicle, and battery manufacturing investments since the Inflation Reduction Act, these figures combined are significantly less than $675 billion. The claim may be including other sectors or future projections not specified, but based on available data, the $675 billion figure appears to be an overstatement.

The Inflation Reduction Act is onshoring clean energy manufacturing, creating good paying jobs, and lowering household energy costs.

The Inflation Reduction Act (IRA) has significantly advanced clean energy manufacturing in the U.S., leading to substantial job creation and reductions in household energy costs. Since its enactment, over 270 manufacturing projects have been announced, creating more than 100,000 jobs, particularly in rural communities. Additionally, the IRA has spurred investments exceeding $215 billion in private sector clean energy manufacturing, with projections indicating the creation of over 210,000 jobs. These developments have contributed to lower energy costs for American families, with over 3.4 million households claiming more than $8 billion in residential clean energy and energy efficiency credits, averaging $5,000 per household for energy upgrades. Therefore, the claim that the IRA is onshoring clean energy manufacturing, creating good-paying jobs, and lowering household energy costs is accurate.

84% of clean energy investments since the Inflation Reduction Act was passed are in counties with below-average college graduation rates, 75% in counties with below-average median household income, and 69% in counties with below-average employment rates.

The claim states that since the passage of the Inflation Reduction Act, 84% of clean energy investments have been in counties with below-average college graduation rates, 75% in counties with below-average median household income, and 69% in counties with below-average employment rates. Treasury Department analyses confirm that 86% of such investments are in counties with below-average college graduation rates, 78% in counties with below-average median household incomes, and 70% in counties with below-average employment rates. These figures closely align with the claim, supporting its accuracy.

The Biden Administration has pursued economic policies focused on reaching communities with potential but lacking opportunity.

The Biden Administration has implemented multiple economic policies aimed at reaching underserved communities. For instance, the USDA announced a $300 million investment in 50 projects to improve access to land, capital, and markets for underserved farmers and ranchers. Additionally, the administration provided $262 million to enhance access to jobs, health care, and infrastructure in historically underserved rural communities. These initiatives demonstrate a focused effort to invest in communities with potential but lacking opportunity.

The Investing in America agenda has led to a clean energy and manufacturing boom across the country.

The claim that the 'Investing in America' agenda has led to a clean energy and manufacturing boom across the country is supported by substantial evidence. Since the enactment of the Inflation Reduction Act in August 2022, the U.S. clean energy industry has announced over $500 billion in new investments and plans to build or expand more than 160 domestic manufacturing facilities, creating over 100,000 new manufacturing jobs. Additionally, the Advanced Manufacturing Production Credit has contributed to more than $126 billion in clean energy manufacturing investments over the past two years. These figures indicate a significant surge in clean energy and manufacturing activities nationwide.

Investments are being made in fixing roads and bridges and providing access to high-speed internet, benefiting Americans without a college degree and overlooked areas.

The claim states that under President Biden, investments are being made to repair roads and bridges and expand high-speed internet access, benefiting Americans without a college degree and previously overlooked areas. Evidence supports this: the Bipartisan Infrastructure Law has allocated over $500 billion for more than 63,000 projects nationwide, including repairing 175,000 miles of roadway and modernizing over 10,200 bridges. Additionally, nearly 11,200 public transit projects have been announced to expand and improve operations. These investments are particularly impactful in rural and underserved communities, which often have higher proportions of residents without college degrees and have historically been overlooked in infrastructure development. Therefore, the claim is accurate.

The economic plan is helping to bring down key expenses like health care, prescription drugs, and household energy bills.

The claim states that the economic plan is helping to bring down key expenses like health care, prescription drugs, and household energy bills. While the Inflation Reduction Act has implemented measures to reduce prescription drug costs for Medicare beneficiaries, such as capping insulin prices at $35 per month and introducing a $2,000 annual cap on out-of-pocket prescription drug costs starting in 2025, these benefits primarily affect seniors and those on Medicare. Additionally, the Act includes provisions for tax credits on electric vehicles and energy-efficient home improvements, which can lead to reduced household energy expenses. However, these measures do not universally lower health care and energy costs for all Americans, and some benefits are yet to take effect. Therefore, while the statement has elements of truth, it lacks context regarding the scope and timing of these benefits.

The economic strategy of the President is leading to a fast economic recovery and historic investments in infrastructure and clean energy.

The claim that the President's economic strategy is leading to a fast economic recovery and historic investments in infrastructure and clean energy is supported by multiple sources. The U.S. economy demonstrated robust growth, with a 3.1% annualized GDP increase in Q3 2024, surpassing previous estimates. Additionally, the clean energy sector announced $500 billion in new investments and over 100,000 new manufacturing jobs between August 2022 and July 2024. These developments align with the claim of a rapid economic recovery and significant investments in infrastructure and clean energy.

The U.S. economy is performing better than any advanced nation around the world.

The claim that "The U.S. economy is performing better than any advanced nation around the world" is supported by multiple sources. In 2024, the U.S. economy grew by 2.8%, significantly outpacing the eurozone's 0.7% and the EU's 0.8% growth rates. Additionally, the U.S. maintained a low unemployment rate of 4.1% and successfully reduced inflation from a peak of 9.1% in 2022 to 2.9% by December 2024. These indicators demonstrate that the U.S. economy outperformed other advanced economies during this period.

Suniva announced a new three-year, $400 million contract to produce American-made solar cells, including a type that has never been made in the U.S. before, as a result of the Inflation Reduction Act’s tax credits.

The claim accurately states that Suniva announced a three-year, $400 million contract to produce American-made solar cells, including a type not previously manufactured in the U.S., and attributes this development to the Inflation Reduction Act's tax credits. While the contract and the production of new solar cells are confirmed, attributing this solely to the Inflation Reduction Act's tax credits is an oversimplification. Suniva's decision to restart production was influenced by multiple factors, including tariffs on imported panels and a $110 million investment from Orion Infrastructure Capital. Therefore, while the Inflation Reduction Act played a significant role, it was not the sole catalyst for Suniva's actions.

Investments are creating new economic opportunities and good-paying jobs in overlooked communities and areas dependent on fossil fuels.

The claim that investments are creating new economic opportunities and good-paying jobs in overlooked communities and areas dependent on fossil fuels is supported by multiple sources. The U.S. Department of Energy announced $1.4 million in funding for 14 community-led projects across ten states to repurpose existing energy facilities, aiming to provide enduring local economic benefits and good-paying jobs. Additionally, the U.S. Department of the Treasury reported that the Inflation Reduction Act has driven clean energy investments to underserved communities and those historically reliant on fossil fuel production. These investments have led to significant job creation and economic revitalization in these areas.

The Biden Administration has worked to strengthen ties between the Chilean and American economies.

The Biden Administration has actively worked to strengthen economic ties between the United States and Chile. Notably, in November 2024, Chile contributed to the Partnership for Workers' Rights, an initiative launched by the U.S. and Brazil to empower workers' rights globally. This partnership focuses on improving working conditions and promoting labor rights, reflecting a commitment to deepening economic collaboration between the two nations. Additionally, the U.S. and Chile have maintained a robust trade relationship, with the U.S. being Chile's second-largest trading partner. The bilateral Free Trade Agreement, in effect since 2004, has facilitated significant trade growth, with total trade reaching approximately $31.4 billion in 2024. These efforts underscore the administration's commitment to enhancing economic relations with Chile.

The U.S.-Chile bilateral economic relationship is strong and there are shared priorities for collaboration on clean energy and supply chains.

The claim that the U.S.-Chile bilateral economic relationship is strong is supported by data indicating that in 2024, total U.S.-Chilean trade in goods and services amounted to more than $48 billion, with bilateral trade in goods totaling $35 billion and services trade reaching nearly $13 billion. Additionally, both countries have engaged in discussions to collaborate on clean energy and supply chains, as evidenced by U.S. Treasury Secretary Janet Yellen's visit to Chile in March 2024, where she emphasized deepening ties to address climate change and accelerate the energy transition. These facts substantiate the claim of a strong bilateral economic relationship and shared priorities in clean energy and supply chains.

The U.S. and Saudi Arabia are working together to counter terrorist financing, promote global growth, and address regional issues.

The claim that the U.S. and Saudi Arabia are collaborating to counter terrorist financing, promote global growth, and address regional issues is accurate. Both nations co-chair the Terrorist Financing Targeting Center (TFTC), established in 2017, to combat terrorist financing. ([home.treasury.gov](https://home.treasury.gov/news/press-releases/sm0092?utm_source=openai)) In November 2025, they signed agreements to enhance economic cooperation, including a Financial and Economic Partnership Arrangement and a Capital Markets Collaboration. ([home.treasury.gov](https://home.treasury.gov/news/press-releases/sb0318?utm_source=openai)) Additionally, they co-lead the Counter ISIS Finance Group, focusing on disrupting ISIS financing. ([home.treasury.gov](https://home.treasury.gov/news/press-releases/jy2531?utm_source=openai)) These initiatives demonstrate their joint efforts in the specified areas.

The EU has a robust sanctions package against Russia.

As of February 28, 2024, the European Union had implemented a comprehensive series of sanctions against Russia, including the 13th package adopted on February 23, 2024. This package targeted 106 individuals and 88 entities, focusing on Russia's military and defense sectors, and expanded restrictions on exports of dual-use goods and technologies, such as drone components. These measures demonstrate the EU's robust and ongoing commitment to imposing significant sanctions on Russia.

America is committed to supporting Ukraine through direct budget support.

The United States has demonstrated a firm commitment to supporting Ukraine through direct budget support. As of December 2024, the U.S. had provided significant financial assistance to Ukraine, including a $3.4 billion disbursement in December 2024, marking the final allocation under the bipartisan Ukraine Security Supplemental Appropriations Act of 2024. This support was aimed at helping Ukraine maintain critical government services amid intensified Russian attacks. Additionally, prior to 2024, the U.S., through USAID, had provided $22.9 billion in direct budget support to the Government of Ukraine to ensure the continuity of operations and delivery of essential services. These actions underscore America's commitment to standing with Ukraine in its defense against Russian aggression.

The U.S. is working with Italy to support Ukraine and hold Russia accountable for its war.

The claim that the U.S. is working with Italy to support Ukraine and hold Russia accountable for its war is accurate. In February 2024, Italy and Ukraine signed a security cooperation agreement, with Italy committing to provide military aid and support Ukraine's defense against Russian aggression. Additionally, in April 2024, G7 foreign ministers, including representatives from the U.S. and Italy, reaffirmed their unwavering support for Ukraine and condemned Russia's ongoing war of aggression. These actions demonstrate collaborative efforts between the U.S. and Italy to support Ukraine and hold Russia accountable.

The African Union has permanent membership in the G20, which enhances the G20's ability to bolster the global economy and address shared challenges.

The African Union (AU) was granted permanent membership in the G20 during the summit held in New Delhi on September 9, 2023. This inclusion enhances the G20's capacity to address global economic challenges by incorporating the perspectives of the AU's 55 member states, representing approximately 1.4 billion people. The claim accurately reflects these developments.

The U.S. and Brazil have a strong bilateral economic relationship.

The claim that "The U.S. and Brazil have a strong bilateral economic relationship" is supported by substantial evidence. In 2024, the bilateral trade flow between the two countries reached $80.9 billion, marking an 8.1% increase from 2023. The United States is Brazil's second-largest trading partner and the primary destination for Brazilian industrial exports. Additionally, the U.S. has been the largest foreign investor in Brazil for over a decade, with a foreign direct investment stock totaling $246.3 billion in 2022, accounting for nearly 25% of the total FDI in Brazil. These figures underscore the robust economic ties between the two nations.

The global economy has been more resilient and stronger than many predicted, and the strength of the U.S. economy under the current president's policy agenda has been a key driver of this positive economic performance.

The claim suggests that the global economy has been more resilient and stronger than many predicted, with the U.S. economy under the current president's policy agenda being a key driver of this positive performance. While the U.S. economy demonstrated robust growth in late 2023, with a 3.2% annualized GDP growth in Q4 2023, global economic growth projections for 2024 indicate a slowdown. For instance, the OECD projected global GDP growth to slow from 2.9% in 2023 to 2.7% in 2024. Therefore, while the U.S. economy has shown strength, the assertion that it has been a key driver of a more resilient global economy is somewhat misleading, as global growth is expected to decelerate.

There have been 16 million new business applications in the last three years since the President took office.

The claim states that there have been 16 million new business applications in the last three years since the President took office. According to the U.S. Census Bureau, Americans filed nearly 5.5 million new business applications in 2023, and similar high numbers were reported in the preceding years. This totals approximately 16 million new business applications over the three-year period, aligning with the claim.

The Biden Administration's actions have lowered health care and prescription drug costs for more Americans.

The Biden Administration has implemented measures like the Inflation Reduction Act, which have led to reduced prescription drug costs for Medicare beneficiaries, including capping insulin prices at $35 per month and providing free vaccines. However, overall out-of-pocket spending on prescription drugs increased by 25% over five years, reaching $98 billion in 2024. This suggests that while specific groups have benefited, the broader impact on health care and prescription drug costs for all Americans is more nuanced.

Inflation is significantly down from its highs and the American economy is continuing to grow.

The claim states that 'inflation is significantly down from its highs and the American economy is continuing to grow.' While it's true that inflation has decreased from its peak of 9.1% in June 2022 to 3.2% in February 2024, indicating a significant reduction, the assertion that the economy is 'continuing to grow' lacks nuance. The U.S. economy grew at a 3.2% annual rate in Q4 2023, but this was a slight downgrade from the initial estimate of 3.3%, and growth slowed to a 1.6% annualized rate in Q1 2024. Therefore, while the economy is still growing, the pace has decelerated, which is important context missing from the claim.

A global coalition froze $285 billion in Russia’s assets and they will remain frozen until Russia pays for the damage it has caused.

The claim that a global coalition froze $285 billion in Russia’s assets is largely accurate, as estimates indicate that approximately $280 to $300 billion of Russian Central Bank assets have been immobilized by the U.S. and its allies. However, the assertion that these assets will remain frozen until Russia pays for the damage it has caused lacks definitive confirmation. While there is strong advocacy, notably from U.S. Treasury Secretary Janet Yellen, to use these frozen assets for Ukraine's reconstruction, no formal international agreement has been reached to condition their release on Russia's payment for damages. Therefore, while the freezing of assets is factual, the claim about their conditional release is somewhat misleading due to the absence of a binding international consensus.

America is committed to working with allies to support Ukraine and disrupt Russia's access to funds and weapons.

The claim accurately reflects the United States' actions as of February 26, 2024. The U.S. has consistently worked with allies to support Ukraine through substantial military aid and training programs. For instance, in December 2024, the U.S. announced a $5.9 billion aid package for Ukraine, including military assistance and budget support. Additionally, the U.S. has implemented measures to disrupt Russia's access to funds and weapons, such as expanding sanctions targeting over 100 Russian entities and individuals involved in key sectors like energy and mining. These actions demonstrate a clear commitment to supporting Ukraine and hindering Russia's military capabilities.

America's economic relationships with Brazil and Chile benefit American workers and companies.

The claim that America's economic relationships with Brazil and Chile benefit American workers and companies is supported by substantial evidence. In 2024, U.S. goods and services trade with Brazil totaled an estimated $127.6 billion, with a goods trade surplus of $6.8 billion and a services trade surplus of $23.1 billion, indicating significant economic engagement that supports American businesses and employment. Similarly, the U.S.-Chile Free Trade Agreement, fully implemented in 2015, has led to a 340% growth in bilateral merchandise trade since its inception, with U.S. exports to Chile increasing nearly 600% from 2003 to 2012, benefiting a wide range of American industries and workers. These robust trade relationships demonstrate clear advantages for American workers and companies.

The Biden Administration's efforts to lower health care and prescription drug costs save families money and lower the federal deficit.

The Biden Administration's initiatives, particularly the Inflation Reduction Act, have implemented measures to lower health care and prescription drug costs. These include capping insulin costs at $35 per month, allowing Medicare to negotiate drug prices, and imposing penalties on drugmakers for price increases exceeding inflation rates. These actions have led to significant savings for families and are projected to reduce the federal deficit by $237 billion over ten years.

The EU is advancing €50 billion of assistance to Ukraine.

The claim that the EU is advancing €50 billion of assistance to Ukraine is accurate. In February 2024, the European Union established the Ukraine Facility, a dedicated instrument providing up to €50 billion in grants and loans to support Ukraine's recovery, reconstruction, and modernization efforts from 2024 to 2027. This assistance aims to help Ukraine maintain macro-financial stability, continue public services, and implement reforms necessary for its EU accession path.

The EU is advancing €50 billion in financial support for Ukraine.

The claim that the EU is advancing €50 billion in financial support for Ukraine is accurate. On February 1, 2024, EU leaders unanimously agreed to provide Ukraine with a €50 billion support package for the period 2024-2027. This package, known as the Ukraine Facility, comprises €33 billion in loans and €17 billion in grants, aimed at supporting Ukraine's recovery, reconstruction, and modernization efforts. The decision was confirmed by European Council President Charles Michel, who stated, "We have a deal. All 27 leaders agreed on an additional €50 billion support package for Ukraine within the EU budget."

The U.S. economy created 2.7 million jobs in 2023 and real wages increased.

The claim that the U.S. economy created 2.7 million jobs in 2023 is an overestimate. Revised data indicates that approximately 2.3 million jobs were added that year, about 400,000 fewer than initially reported. Additionally, while real wages for low-wage workers grew significantly between 2019 and 2023, real wages for the overall workforce declined by 0.7% from Q1 2022 to Q1 2023. Therefore, the claim is somewhat misleading as it overstates job creation and does not fully capture the nuances of real wage changes.

Inflation has decreased significantly from its peak, wages are rising faster than prices, and the labor market is the strongest in over 50 years.

The claim that 'inflation has decreased significantly from its peak' is accurate, as the Consumer Price Index (CPI) rose by 3.1% in January 2024, down from a peak of 9.1% in June 2022. However, the assertion that 'wages are rising faster than prices' is more nuanced. While real average hourly earnings increased by 1.4% between January 2023 and January 2024, indicating that wages outpaced inflation during that period, this trend is relatively recent and follows a prolonged period where inflation outpaced wage growth. Additionally, the statement that 'we have the strongest labor market in more than 50 years' is somewhat exaggerated. Although the unemployment rate remained low at 3.7% in January 2024, matching levels from the late 1960s, other labor market indicators, such as labor force participation rates, do not necessarily support the claim of unprecedented strength. Therefore, while the claim contains elements of truth, it lacks sufficient context and overstates certain aspects, making it somewhat misleading.

Wisconsin is using federal resources from the American Rescue Plan and Inflation Reduction Act for workforce development, affordable housing, and community strengthening.

The claim accurately states that Wisconsin is utilizing federal resources from the American Rescue Plan (ARPA) for workforce development, affordable housing, and community strengthening. For instance, Wisconsin's Department of Health Services has allocated ARPA funds to enhance home and community-based services, including initiatives to support the direct care workforce and affordable housing projects. However, the claim also mentions the Inflation Reduction Act (IRA). As of the latest available information, specific allocations from the IRA to Wisconsin for these purposes are not well-documented. Therefore, while the use of ARPA funds is substantiated, the inclusion of the IRA in this context lacks clear supporting evidence, making the claim somewhat misleading.

There wasn’t a recession in 2023, inflation has come down significantly, the unemployment rate is near historic lows, and we’ve had the fastest and fairest recovery on record.

In 2023, the U.S. economy did not enter a recession, contrary to many forecasts. Inflation decreased significantly, with core inflation rates falling below 4% by mid-2023. The labor market remained robust, maintaining low unemployment rates. The U.S. experienced a rapid and equitable economic recovery, outperforming other advanced economies. ([home.treasury.gov](https://home.treasury.gov/news/featured-stories/the-us-economic-recovery-in-international-context-2023?utm_source=openai))

The middle class is central to the Investing in America Agenda and economic strategy, supported by historic investments.

The Investing in America Agenda, as outlined by the Biden administration, emphasizes significant investments aimed at bolstering the middle class. This includes initiatives like the American Rescue Plan Act, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act, all designed to stimulate economic growth and create well-paying jobs accessible to middle-class families. For instance, the Department of Commerce has implemented workforce development programs to equip workers with necessary skills for emerging technologies, aligning with the agenda's focus on empowering the middle class. Additionally, the agenda has facilitated substantial investments in infrastructure and clean energy, further supporting middle-class employment opportunities. These actions substantiate the claim that the middle class is central to the Investing in America Agenda and its economic strategy.

The American Rescue Plan provided resources for governments to recover from the pandemic and invest in affordable housing and workforce development.

The American Rescue Plan (ARP) allocated substantial resources to state and local governments to aid in pandemic recovery, including significant investments in affordable housing and workforce development. For instance, California dedicated over $7.4 billion of its State and Local Fiscal Recovery Funds (SLFRF) toward housing initiatives, with more than $5 billion aimed at expanding affordable housing and addressing homelessness. Similarly, Utah invested $55 million, supported by ARP funds, to create over 1,000 affordable housing units across the state. These examples demonstrate that the ARP provided governments with the necessary resources to recover from the pandemic and make critical investments in sectors like affordable housing and workforce development.

The U.S. economy is strong and the American Rescue Plan and Inflation Reduction Act created opportunities for cities and states.

The claim that the U.S. economy is strong is supported by data from late 2023 and early 2024. In the fourth quarter of 2023, the economy grew at an annualized rate of 3.3%, and for the full year, it expanded by 2.8%. Additionally, the labor market showed resilience, with 353,000 jobs added in January 2024, surpassing expectations. Regarding the American Rescue Plan and the Inflation Reduction Act, these initiatives have indeed created opportunities for cities and states. The Inflation Reduction Act, for instance, has spurred significant investments in clean energy projects, leading to job creation and economic development at the local level. Therefore, the claim accurately reflects the economic conditions and the impact of these legislative measures.

The American Rescue Plan was a decisive action taken by the President to prevent lasting harm from COVID-19 and build strength against future economic shocks.

The American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, 2021, was a $1.9 trillion package designed to address the economic and public health impacts of the COVID-19 pandemic. It provided direct financial assistance to individuals, extended unemployment benefits, and allocated substantial funds to state and local governments to mitigate economic disruptions and strengthen resilience against future economic shocks. These measures were aimed at preventing lasting harm from the pandemic and building economic strength.

The historic clean energy investments by the President are helping family budgets by saving money on energy costs.

The Biden-Harris Administration has made significant investments in clean energy, including over $7.3 billion for rural electric cooperatives and $1 billion for nearly 7,000 farms and rural small businesses, aiming to lower energy costs and create jobs. However, the Congressional Budget Office projected that these initiatives would add $428 billion to the federal deficit over a decade, with $224 billion attributed to clean vehicle tax credits and reduced gas tax revenues. While these investments are intended to reduce energy costs for families, the substantial increase in the federal deficit suggests potential long-term economic implications. Therefore, the claim is somewhat misleading as it presents the benefits without acknowledging the associated fiscal costs.

Innovative programs at Roxbury Community College are training workers for good-paying jobs in clean energy that don’t require a 4 year degree.

Roxbury Community College offers innovative programs through its Center for Smart Building Technology, providing training in clean energy fields such as Building Automation Systems, Energy Auditing, and HVAC-R & Heat Pump Technologies. These programs are designed to prepare students for well-paying jobs in the clean energy sector without requiring a four-year degree. Additionally, the college has received significant funding to support these initiatives, including a $1.3 million grant in 2024 for climate-related workforce training. Therefore, the claim is accurate.

A typical family will save hundreds of dollars per year on their energy bills due to President Biden’s Investing in America agenda.

The claim that a typical family will save hundreds of dollars per year on their energy bills due to President Biden’s Investing in America agenda is partially supported by specific initiatives. For example, the Department of Transportation announced $196 million in grants to replace aging natural gas pipelines, with some projects expected to save households an average of $250 annually. Additionally, the Inflation Reduction Act includes tax credits for energy-efficient home improvements and electric vehicles, which could lead to significant savings. However, these savings are not guaranteed for all families, as they depend on individual participation in these programs and specific regional implementations. Therefore, while the agenda provides opportunities for substantial savings, the claim may overstate the universality of these benefits.

The economic agenda of the President is providing tools for growth through historic investments in infrastructure, clean technology, and semiconductors.

The claim that the President's economic agenda is providing tools for growth through historic investments in infrastructure, clean technology, and semiconductors is accurate. The Biden-Harris Administration has implemented significant legislation, including the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act, which have collectively spurred substantial investments in these sectors. For instance, the CHIPS and Science Act has led to over $100 billion in private investments in semiconductor manufacturing, with companies like Intel expanding facilities across multiple states. Additionally, the Inflation Reduction Act has catalyzed investments in clean energy technologies, contributing to a manufacturing renaissance in the United States. These initiatives have resulted in record levels of manufacturing construction investment, exceeding $225 billion annually as of early 2024.

216,000 jobs were created in December and inflation has decreased over the last six months.

The claim that 216,000 jobs were created in December 2023 is accurate, as reported by the Bureau of Labor Statistics. Additionally, the assertion that inflation has decreased over the last six months aligns with data indicating a downward trend in inflation rates during that period.

The U.S. has launched a beneficial ownership registry to protect economic and national security.

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports on January 1, 2024, as mandated by the Corporate Transparency Act enacted in 2021. This registry aims to enhance economic and national security by increasing transparency and combating illicit financial activities facilitated by anonymous corporate structures.

The economy continues to grow due to American workers and the President's middle class-centered economic strategy.

The claim that the U.S. economy continues to grow is supported by data indicating a 3.3% annualized GDP growth rate in Q4 2023, driven by strong consumer spending. However, attributing this growth specifically to the President's middle class-centered economic strategy lacks direct evidence. While policies may aim to benefit the middle class, the direct impact of these policies on recent economic growth is not clearly established.

The U.S. supports Egypt's program of reforms to bolster their economy and support inclusive, sustainable growth.

The United States has demonstrated strong support for Egypt's economic reform initiatives aimed at fostering inclusive and sustainable growth. In September 2024, during the US-Egypt Strategic Dialogue in Cairo, US Secretary of State Antony Blinken announced a pledge of $129 million through USAID to assist Egypt's economic reforms. This funding is intended to enhance public health services, strengthen government institutions, and improve public education, aligning with Egypt's Vision 2030. Additionally, the assistance includes plans to equip nine STEM schools with advanced laboratory equipment, expand university career centers, and upgrade 80 technical education schools to better prepare young Egyptians for the job market. These actions underscore the U.S. commitment to supporting Egypt's reform programs aimed at bolstering the economy and promoting inclusive, sustainable growth.

The U.S. and its global coalition have placed historic sanctions and export controls that have weakened the Russian economy and undermined the Kremlin's war effort against Ukraine.

The claim asserts that U.S. and allied sanctions have significantly weakened the Russian economy and undermined its war effort in Ukraine. While sanctions have indeed impacted Russia's economy—leading to a 2.1% GDP decline in 2022 and reduced oil revenues—Russia has demonstrated resilience. By 2025, it became the world's ninth-largest economy, with substantial military spending driving growth. Additionally, Russia has adapted by sourcing critical components from countries like China and Kazakhstan, mitigating some effects of export controls. Therefore, while sanctions have imposed economic challenges, the assertion that they have 'weakened' the Russian economy and 'undermined' the Kremlin's war effort lacks full context regarding Russia's adaptive measures and economic resilience.

The U.S. is disrupting Russia's military-industrial base through an Executive Order that holds foreign institutions accountable.

On December 22, 2023, President Biden signed an Executive Order expanding U.S. sanctions authorities to target foreign financial institutions that facilitate significant transactions related to Russia's military-industrial base. This action aims to disrupt Russia's defense industry by holding accountable those who support it through the international financial system. The claim accurately reflects this development.

The American economy improved significantly in 2023 while avoiding a recession, with rising real wages, declining inflation, and a strong labor market.

The claim that the American economy improved significantly in 2023 while avoiding a recession is partially accurate. The U.S. did avoid a recession, and the labor market remained strong, with low unemployment rates. However, the assertion of rising real wages is misleading. While nominal wages increased, real wages—adjusted for inflation—declined by 0.7% between Q1 2022 and Q1 2023, indicating a loss in purchasing power. Additionally, although inflation showed signs of easing, it remained elevated throughout 2023. Therefore, while some aspects of the economy improved, the claim overstates the extent of these improvements.

The Investing in America agenda is bringing manufacturing back to America, creating good-paying jobs for Americans without a four year degree, and investing in infrastructure.

The Investing in America agenda has indeed led to significant investments in manufacturing, infrastructure, and job creation. For instance, the CHIPS and Science Act allocated $50 billion to revitalize U.S. semiconductor manufacturing, and the Bipartisan Infrastructure Law provided $65 billion for high-speed internet expansion, both contributing to job creation and infrastructure development. However, while these initiatives aim to create good-paying jobs accessible to those without a four-year degree, the actual impact on such employment demographics is not yet fully substantiated. Additionally, some programs, like the Build America, Buy America law, have inadvertently caused construction delays and increased costs, particularly in affordable housing projects, due to challenges in sourcing American-made materials. Therefore, while the agenda's goals are clear, the claim overstates the current outcomes, especially regarding job creation for individuals without a four-year degree.

Sanctions are tightening the supply chains for Russia's military-industrial base, impacting its wartime economy.

The claim that sanctions are tightening the supply chains for Russia's military-industrial base, impacting its wartime economy, is supported by multiple sources. The U.S. Department of the Treasury has implemented sanctions targeting Russian military procurement networks and third-country actors supplying Russia with essential inputs for its military-industrial base. These measures aim to disrupt Russia's ability to acquire necessary technology and equipment, thereby affecting its wartime economy. Additionally, the European Union's 12th package of sanctions includes import and export bans and measures to combat sanctions circumvention, further restricting Russia's access to critical resources. These coordinated international efforts have significantly constrained Russia's military supply chains and economic capabilities.

The U.S. and Mexico are collaborating to combat fentanyl and illicit finance and to strengthen economic ties.

The claim accurately reflects recent collaborative efforts between the U.S. and Mexico. In December 2023, U.S. Treasury Secretary Janet Yellen traveled to Mexico City to meet with Mexican officials, including Secretary of Finance and Public Credit Rogelio Ramírez de la O, to discuss joint initiatives aimed at combating fentanyl trafficking, addressing illicit finance, and strengthening economic ties. This visit underscores the ongoing partnership between the two nations in tackling these critical issues.