Biden's Economic Tour Takes Him to North Carolina's Wolfspeed Amidst Criticism and Republican Rebukes.

Former White House economist Kevin Hassett criticized President Biden for promoting "utter economic lies" during his "Investment in America" tour, which aims to highlight the impact of major legislative accomplishments. Hassett argued that manufacturing is collapsing in the U.S. and Biden's claims of investing in America are not true. He also pointed out the excessive spending and interest rate shock that led to inflation and a possible recession. Hassett talked about the most "level-headed" approach to government spending and avoiding a default on U.S. debt with House Speaker Kevin McCarthy.