New action combines two pillars of Bidenomics by ensuring that infrastructure investments in America lead to good-paying, family-sustaining jobs. Today, Vice President Kamala Harris is announcing that the Labor Department (DOL) will publish a rule that advances the Administration’s economic vision to build the economy from the bottom up and middle out – not the…
Search Results
Search results for: “"Project Labor"”
FACT SHEET: Biden-Harris Administration Releases Agency Climate Adaptation Plans, Demonstrates Leadership in Building Climate Resilience
Across the country, communities are experiencing the devastating impacts of climate change. From record-high average temperatures and extreme heat to changing precipitation patterns and sea-level rise, climate impacts – including disasters made worse by climate change – are affecting every corner of society and every community in America. The magnitude of challenges posed by the…
Update on the Administration’s Economic Assumptions
Each year, the Council of Economic Advisers (CEA), Office of Management and Budget (OMB), and Department of the Treasury develop a set of economic assumptions for the President’s Budget. Those assumptions are used to project a range of fiscal metrics in the Budget. Because agencies base their budget forecasts and estimates of the impact of…
FACT SHEET: Biden-Harris Administration Announces $3 Billion to Replace Toxic Lead Pipes and Deliver Clean Drinking Water to Communities Across the Country
Funding from President Biden’s Investing in America Agenda Will Accelerate Progress Toward the President’s Commitment to Replace Every Lead Pipe in the Country Within a Decade President Biden believes that every American should be able to turn on the tap and drink clean, safe water. But over 9 million homes, schools, daycares, and businesses receive…
As the U.S. Consumer Goes, So Goes the U.S. Economy
Last week, we learned that in the third quarter of 2023, real GDP grew at a 4.9 percent annual rate. Meanwhile, total personal consumption expenditures (PCE) inflation was 0.4% in September, increasing 3.4 percent over the past twelve months. Core PCE inflation, which excludes volatile food and energy prices, was 0.3 percent in September and…
A Proclamation on National Apprenticeship Week, 2023
I have always believed that the middle class built America and unions built the middle class, and Registered Apprenticeship programs across our country have produced some of the best-trained workers in the world. During National Apprenticeship Week, we recommit to supporting Registered Apprenticeship programs, which offer America’s workers direct pathways to good-paying jobs…
Memorandum on Advancing Worker Empowerment, Rights, and High Labor Standards Globally
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES SUBJECT: Advancing Worker Empowerment, Rights, and High Labor Standards Globally By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to enhance United States policy and our Nation’s approach to protecting and promoting…
A Proclamation on World Trade Week, 2024
This week, we recommit to ensuring that global trade reflects America’s highest values: fairness, transparency, innovation, dignity, and opportunity for American workers, American businesses, and American families. For decades, our country embraced trickle-down economics which rewarded wealth, not work. Companies took their jobs overseas to get cheaper labor. Factories closed down. Manufacturing…
Ten Charts That Explain the U.S. Economy in 2023
The US Economy defied expectations in 2023. Many forecasters predicted a recession at the year’s outset, some even asserting it with a 100% probability. This blog post highlights ten trends that capture some of the most important economic developments of the past year. Taken together, they depict an economy characterized by robust growth driven by…
Readout of Investing in America Cabinet Meeting
Today, Chief of Staff Jeff Zients hosted a meeting of President Biden’s Investing in America Cabinet. During the meeting, members of the Cabinet and senior administration officials discussed how Bidenomics is driving record investment and opportunity in communities across the country, marked the two year anniversary of the Bipartisan Infrastructure Law, and discussed key progress…
