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Biden acknowledged the US lagging behind other countries in one area




The President of the United States, Joe Biden, recognized the country's lag behind other states in the field of spending on development and research. The head of state said this during a speech in Ohio, the video was published on the YouTube channel of the White House.





“Three decades ago, the United States was the first, some argue that the second, in the world in terms of spending on development and research. Where are we now in this international competition? In ninth place, “ the American leader complained.

According to him, the United States is losing to China, which is in eighth place in such expenditures. At the same time, he stressed that the country needs to take a leading position in the world, and for this, it is necessary to invest in human capital.

In addition, Biden noted that the American “rescue plan” adopted to mitigate the effects of the COVID-19 pandemic is only the first step towards the country's economic development.

The so-called “rescue plan” was approved by the US president in March this year, it provides for spending $1.9 billion to overcome the consequences of the pandemic.



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TAGS: JOE BIDEN, US NEWS

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