WATCH: Pres. Biden delivers remarks on the economy

FILE- President Joe Biden speaks at Max S. Hayes Hight School, July 6, 2022, in Cleveland. Biden is announcing the release of nearly $36 billion to shore up a financially troubled union pension plan. The federal aid is intended to stop severe cuts to the retirement incomes of more than 350,000 Teamsters workers and retirees. Biden's administration says it's the largest-ever federal payment to a union pension fund. The money for the Central States Pension Fund is part of a broader $1.9 trillion coronavirus relief package that Biden signed into law in 2021. (AP Photo/David Dermer, File) (David Dermer, Copyright 2022 The Associated Press. All Rights Reserved)

WASHINGTON, D.C. – President Biden delivered remarks on building a stronger economy for union workers and retirees.