Biden: “We Inherited an Economy on the Brink of a Great Depression”

In a fiery speech, President Joe Biden assailed Donald Trump’s economic record and ridiculed him with a new moniker: “the great MAGA king.”

Mr Biden typically prefers not to mention his predecessor, and once jokingly remarked that he never thinks about him. But as he defended his own economic policies amid rising inflation and an uneasy stock market, Mr Biden took dead aim at the man he once called “the former guy.”

“Under my predecessor, the great MAGA king, the deficit increased every single year he was president,” Mr Biden said in Chicago on Wednesday, speaking to the International Brotherhood of Electrical Workers. “The first year of my presidency, I reduced the deficit by $350bn.”