President Joe Biden bolstered his case for his massive spending proposals on Thursday, arguing his economic plan is working and rebutting Republican claims that rising prices and worker shortages threaten the nation’s recovery. Biden, in a speech in Cleveland, said job creation is up with a steep drop in unemployment claims. His stance is buoyed by new figures released Thursday showing that applications for state unemployment insurance fell for a fourth consecutive week. He also touted his American Rescue Plan and infrastructure bill. A group of Republican senators led by West Virginia’s Shelley Moore Capito publicly revealed a $928 billion counteroffer on infrastructure on Thursday, but the plan includes only about $257 billion in federal spending beyond what Congress was already expected to enact and is more than $1 trillion short of Biden’s latest proposal. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake