$150 Billion Economic Pledge to Support People of Color Announced

Former Vice President Joe Biden [Image source=Reuters Yonhap News]

Former Vice President Joe Biden [Image source=Reuters Yonhap News]

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[Asia Economy New York=Correspondent Baek Jong-min] Former Vice President Joe Biden, the Democratic presidential candidate in the United States, announced on the 28th (local time) that he would announce his vice presidential candidate in the first week of August, later than originally planned.


According to U.S. media, Biden said this during a meeting with reporters on the same day. Biden, who is 77 years old this year, is expected to enhance competitiveness targeting Black and female voters by nominating a Black woman as his vice presidential candidate.


Biden had initially stated his intention to announce a female vice presidential candidate by August 1. The Biden campaign is reported to have recently narrowed down the candidates to four.


On the same day, CNBC reported that Susan Rice, a former National Security Council (NSC) advisor and U.S. ambassador to the United Nations, is a strong candidate. The broadcast emphasized that Rice has maintained a long-standing relationship with Biden among the leading vice presidential candidates.


In a speech delivered in Delaware on the same day, Biden also announced economic policies aimed at closing the economic gap caused by racial discrimination.



In his speech, Biden emphasized that he would support minority small business owners by providing more than $150 billion in funding through venture capital and low-interest loans.


This content was produced with the assistance of AI translation services.

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