This week, my administration released new information that contains that we’re on track to cut the federal deficit by another — another $1.5 trillion… - Joe Biden

The heart of American capitalism is a simple idea: open and fair competition — that means that if your companies want to win your business, they have to go out and they have to up their game; better prices and services; new ideas and products. That competition keeps the economy moving and keeps it growing. Fair competition is why capitalism has been the world’s greatest force for prosperity and growth. By the same token, "competitive economy" means companies must do all they do to do — everything they do to compete for workers: offering higher wages, more flexible hours, better benefits. But what we’ve seen over the past few decades is less competition and more concentration that holds our economy back. We see it in big agriculture, in big tech, in big pharma. The list goes on. Rather than competing for consumers, they are consuming their competitors. Rather than competing for workers, they’re finding ways to gain the upper hand on labor. And too often, the government has actually made it harder for new companies to break in and compete.

But I had made the case that in the aftermath of our loss it was even more important that we continue to do the things that had always meant so much to the family. That we could not let our traditions drift away. That Beau would have wanted us to make the trip. I knew from pas experience that as hard as it would be, it was better to go through it than to avoid it.

And no longer is this a question of what will we do — what will the United States do for the Americas. The question is what we accomplish by working together as true partners with diverse capabilities but equal and mutual respect, recognizing both our individual sovereignty and our shared responsibilities.