Remarks by President Biden During the First Session of the G20 Summit | Rio de Janeiro, Brazil

Just as our veterans routinely put aside differences to work together – this is a moment for us to come together as a nation. To keep faith in each other. To keep protecting everything our fighting force has defended. And to keep striving to heal our nation’s wounds.

From Day One, this Administration took action to rescue the American economy.

Prior to my Administration, only 7,000 public service workers received any form of debt cancellation through the Public Service Loan Forgiveness program.Today, after more than three years under my Administration, that number is over 1 million.

When I came to office, I inherited the worst economic crisis since the Great Depression – but now, our economy is the strongest in the world.There's still more work to do, but we’ll keep growing the economy from the bottom up and the middle out, not the top down.

This year, President Biden’s Inflation Reduction Act started capping prescription drug costs for seniors at about $3,500 a year.In the first six months of 2024 alone, that cap has saved people on Medicare nearly $1 billion.That’s real money back in people’s pockets.

Our Administration is proposing new rules under the Affordable Care Act that would allow 52 million women to access no-cost over-the-counter contraception without a prescription. We will keep fighting for reproductive freedom and access to reproductive health care.