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In the afternoon, Biden will deliver an address on his economic plan which he has dubbed "Bidenomics." The strategy involves growing the economy from the middle out and bottom up, instead of top-down.
Biden speaks in Chicago
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The White House said Bidenomics will focus on "growing the middle class and empowering workers, investing in America and lowering costs."
The Biden administration oversaw major job growth since the president took office, with over 13 million jobs created since the start of his term.
The president will also have a campaign reception in Chicago. Biden is seeking a second term in office and is one of three Democrats who have formally announced their intention to run in 2024, including attorney Robert F. Kennedy Jr. and writer Marianne Williamson.
SEE MORE: Who is running for president in 2024
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Republicans have 14 candidates entered into the 2024 presidential race. High-profile Republican challengers in the 2024 presidential race include former President Donald Trump, Florida Gov. Ron DeSantis, and former Vice President Mike Pence.
Check back on ABC7 Chicago for updates.