President Joe Biden on Thursday is expected to criticize the fiscal proposals of House Republicans in his first major economic speech of the year, which he will deliver at a steamfitters union hall in Springfield, Virginia. Biden will talk about his goals of growing the U.S. economy with new factories and construction in communities across the country and creating well-paying jobs for the middle class that don’t require a four-year degree, a White House official said. Biden also is expected to announce a new “Invest in America” Cabinet comprised of the secretaries of commerce, labor, transportation, treasury, energy, and health and human services; the EPA administrator; and senior White House advisers, a White House official told NBC News. In his remarks, Biden will contend that the House GOP's economic agenda would pose a threat to the economy and the working class, the official said. Biden is expected to characterize the House GOP’s economic proposals as a “MAGA economic plan,” the White House official said — a reference to former President Donald Trump’s “Make America Great Again” 2016 campaign slogan.

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