The White HouseVerified account

President Biden's investment in at-home rapid testing will help Americans slow the spread of COVID-19 and keep their friends, family, and communities safe.https://twitter.com/nytimes/status/1445814893488267265 …

From President Biden: “A meteor is headed to crash into our economy. We should all want to stop it and stop it immediately. This shouldn’t be partisan.”

Jamie Dimon, CEO of JPMorgan Chase: “Actual default would be unprecedented. The things that we know it would do are very bad – and it could potentially be far worse.”

President and CEO of Nasdaq, Adena Friedman: “When we look at these delays, and certainly a default, would mean that hardworking Americans would ultimately bear the burden.”

Citi CEO Jane Fraser: “I can tell you that from an economic perspective, we need to resolve this issue very quickly. Every day of delay right now comes at an increasing price… it will hurt consumers. It will hurt small businesses.”

Today, President Biden met with CEOs and business leaders about addressing the debt limit. Here’s what a few of them had to say. THREAD:

If Republicans let the U.S. default on its obligations, small businesses across the country will feel negative impacts, including but not limited to: -Increased cost and difficulty securing loans -A rise in credit card interest rates -Consumers cutting spending

Together, the Bipartisan Infrastructure Deal and the Build Back Better Agenda will create and support more than 4 million new, good-paying jobs each year. These investments will rebuild the economy for the middle class and position the U.S. to win the 21st century.

These are just some of the impacts of President Biden’s Build Back Better Agenda and infrastructure deal – in one state. These plans will level the playing field for working families across the country – and position the United States to win the race for the 21st century.

16% of children in Michigan live in food insecure households. President Biden's Build Back Better Agenda will expand access to free school meals to an additional 243,000 students and provide 832,000 students with resources to purchase food over the summer.

514,000 Michiganders spend more than 30% of their income on rent. The Build Back Better Agenda will bolster affordable and resilient housing, supporting the construction or rehabilitation of more than two million homes, including 31,000 new or preserved rental homes in Michigan.

The President's Build Back Better Agenda provides tax cuts for workers with and without children. The plan: -Extends the Child Tax Credit, benefiting nearly 2M children in Michigan & reducing child poverty by 44% -Extends the Earned Income Tax Credit, benefiting 570,000+ workers

The average two-parent household in Michigan spends $10.4K a year on child care and less than 1/3 of 3- and 4-year olds are enrolled in publicly funded pre-school. The Build Back Better Agenda will lower child care costs and provide universal pre-school to 3- and 4-year-olds.