President Donald Trump promised to “make America inexpensive once more” by decreasing the price of power throughout his joint deal with to Congress on Tuesday night time.
Talking within the U.S. Capitol, Trump mentioned that he was “preventing day by day” to “reverse” the financial harm that he blamed on his predecessor, former President Joe Biden.
“Joe Biden particularly let the value of eggs get uncontrolled,” Trump mentioned. “The egg worth is uncontrolled, and we’re working laborious to get it again down. “
“A serious focus of our battle to defeat inflation is quickly decreasing the price of power,” the president continued. “The earlier administration minimize the variety of new oil and fuel leases by 95%, slowed pipeline building to a halt and closed greater than 100 energy crops. We’re opening up a lot of these energy crops proper now.”
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President Donald Trump’s attends a joint session of Congress on the U.S. Capitol in Washington, D.C., March 4, 2025. (Brian Snyder/Reuters)
“Now we have extra liquid gold underneath our toes than any nation on earth, and by far,” Trump mentioned. “And now I absolutely authorize essentially the most proficient crew ever assembled to go and get it. It is referred to as drill, child, drill.”
Slashing power costs was one among Trump’s many marketing campaign guarantees earlier than he was elected in November. At a rally in State School, Pennsylvania, Trump vowed to elevate the U.S. pause on U.S. liquefied pure fuel export terminals.
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U.S. President Donald Trump enters the U.S. Home chamber earlier than he addresses a joint session of Congress on the U.S. Capitol on March 04, 2025 in Washington, DC. (Win McNamee/Pool by way of Reuters)
“Beginning on day one among my new administration, I’ll finish Kamala Harris’ battle on Pennsylvania power,” Trump mentioned to the group on Oct. 26. “And we are going to frack, frack, frack.”
Trump additionally promised his supporters that their power payments could be halved inside his first 12 months in workplace. Earlier than he was confirmed, Secretary of Vitality Chris Wright beforehand mentioned that decreasing the price of power was one among three of his principal targets in workplace.
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President Donald Trump takes a query from a reporter earlier than boarding Marine One on the South Garden of the White Home on February 28, 2025 in Washington, DC. (Andrew Harnik/Getty Photographs)
“Federal insurance policies at present make it too simple to cease tasks and really laborious to begin and full tasks,” Wright mentioned in January. “This makes power costlier and fewer dependable. President Trump is dedicated to decreasing power prices and to take action, we should prioritize chopping purple tape, enabling personal sector investments, and constructing the infrastructure we have to make power extra inexpensive for households and companies.”Â
Fox Information’ Breanne Deppisch contributed to this report.
