Via Teleconference
7:06 A.M. EST
MODERATOR: Good morning, everyone. Thanks so much for joining us this early for this background briefing. Some ground rules before we dive right in: This call will be on background, attributable to “senior administration officials.” This call will not be embargoed.
Not for attribution but just for everyone’s awareness, for those on the call, our speaker is going to be [redacted].
As many of you have just seen, a factsheet just hit your inboxes and was posted to the White House website announcing that President Biden will be announcing a release from the Strategic Petroleum Reserve as part of ongoing efforts to lower prices and address the lack of supply around the world.
To dive a little bit more into this, I’m going to turn it over to our first speaker, [senior administration official].
SENIOR ADMINISTRATION OFFICIAL: Thanks so much. And thanks everyone for joining early in the morning.
Since President Biden took office, we’ve seen an historic economic and jobs recovery in the United States. According to the OECD, the United States is the only major economy that has exceeded its pre-pandemic level of GDP. The economy has created 5.6 million jobs since February and has achieved an unemployment rate of 4.6 percent two years earlier than the Congressional Budget Office projected before the American Rescue Plan was enacted.
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