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State Of The Union: Trump Focuses On Jobs, Inflation, And Homes In Major Address

President Donald Trump (Pic via @France24_en)

President Donald Trump used his nearly two-hour State of the Union address to argue that the U.S. economy is poised for strong growth, despite sliding approval ratings on economic issues ahead of the 2026 midterms.

Trump unveiled a proposal for a government-backed 401(k)-style retirement plan for workers without employer matches, promising up to a $1,000 annual federal contribution. The plan would build on the existing Savers Match tax credit set to begin in 2027.

He also renewed calls to block large institutional investors from buying single-family homes, urging Congress to make his executive order permanent.

On inflation, Trump claimed his policies had driven prices down. Data from the Bureau of Labor Statistics showed consumer inflation at 2.4% in January, with core inflation at a near five-year low.

The speech stayed largely domestic, with brief remarks on Iran, as Democrats offered limited resistance in the chamber.

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