Read all posts tagged Economy

  • Advance Estimate of GDP for the Third Quarter of 2013

    During the third quarter, the economy grew at its fastest pace in a year, an indication that the recovery was continuing to gain traction in the months before the government shutdown. GDP growth was boosted by a positive contribution from consumer durables purchases, the continued recovery in the housing sector, and net exports.


  • Your Chance to Weigh in on Debt Collection Practices

    We’re issuing an Advance Notice of Proposed Rulemaking (ANPR) —and what that means is that we are considering issuing rules for the debt collection industry, but first we want to hear from you so we can learn more about the debt collection system.


  • Chief of Staff Denis McDonough Discusses President Obama's Plan to Grow the Economy and Build a Strong Middle Class

    Chief of Staff Denis McDonough addresses the Chamber of Commerce Board of Directors Meeting in Washington, D.C. and discusses the President’s plan to grow the economy and build a strong middle class.


  • The Time is Now: President Obama Meets with Business Leaders on Immigration Reform

    In a meeting with the President and Vice President at the White House, a group of top U.S. business leaders discuss the importance of commonsense immigration reform to bolster U.S. economic growth, and improve the climate for business and job creation.


  • Weekly Address: Passing a Budget that Reflects Our Priorities

    In this week’s address, President Obama says that in order to keep growing the economy and creating good jobs, Washington must end its cycle of manufactured crises and self-inflicted wounds.


  • Day One at the SelectUSA 2013 Investment Summit

    Today at the SelectUSA Investment Summit, President Obama told 1,000 business leaders from nearly 60 countries that the United States remains the best place in the world to do business.


  • Deficit More Than Cut in Half Since 2009

    The Office of Management and Budget and the Department of the Treasury today released the fiscal year (FY) 2013 budget results, which show that we are continuing to make significant progress in reducing the deficit. The final 2013 deficit was $680 billion, $409 billion less than the 2012 deficit and $293 billion less than forecast in President Obama’s April Budget. As a percent of Gross Domestic Product (GDP), the deficit fell to 4.1 percent, representing a reduction of more than half from the deficit that the Administration inherited when the President took office in 2009. The deficit reduction since that point represents the fastest decline in the deficit over a sustained period since the end of World War II.


  • Open Data Building a Stronger Economy

    Every day young startups and large companies are using open government data to build new products and services that address real challenges for Americans. Fueled by open data, these enterprises are hiring people in cities and towns across the country. Open data are also helping the Federal Government to be more efficient, effective, data-driven, and transparent. We’ve seen the power of open government data in action—and it pays off.


  • West Wing Week 10/25/13 or, "Saving Money as We Speak"

    Welcome to the West Wing Week, your guide to everything that's happening at 1600 Pennsylvania Avenue.


  • Economic Activity During the Government Shutdown and Debt Limit Brinksmanship

    A new report released today by the Council of Economic Advisers attempts to estimate the actual impact of the shutdown and default brinksmanship on economic activity and finds that a range of eight economic indicators are consistent with a 0.25 percentage point reduction in the annualized GDP growth rate in the fourth quarter and a reduction of about 120,000 private sector jobs in the first two weeks of October.


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