The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday.

President Joe Biden on Thursday will make the case for a significantly scaled-back version of his massive economic plan to expand the social safety net hours before departing for his second major foreign trip as president. The $1.75 trillion proposal focuses on care for families.