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Posted byon October 30, 2013 at 4:51 PM EDT
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.
Posted byon October 29, 2013 at 12:51 PM EDT
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.
Posted byon October 25, 2013 at 11:17 AM EDT
Welcome to the West Wing Week, your guide to everything that's happening at 1600 Pennsylvania Avenue.
Posted byon October 22, 2013 at 5:16 PM EDT
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.
Posted byon October 22, 2013 at 9:45 AM EDT
While job growth remained solid in September, there is no question that the focus of policy should be on how to achieve a faster pace of job growth by increasing certainty and investing in jobs, rather than the self-inflicted wounds of the past several weeks that increased uncertainty and inhibited job growth.
Posted byon October 21, 2013 at 4:33 PM EDT
Jason Furman, Chairman of the Council of Economic Advisors, and Council member Betsey Stevenson are the latest White House officials to join Twitter. Follow Jason Furman at @CEAChair and Betsey Stevenson @CEABetsey.
Posted byon October 19, 2013 at 6:00 AM EDT
In this week’s address, President Obama said that now that the Federal government is reopened and the threat of default is lifted from the economy, there are three places Washington can take action to serve the American people.
Posted byon October 17, 2013 at 6:41 PM EDT
Read President Obama's letter to Federal employees welcoming them back to work following the government shutdown and thanking them all for their service.
Posted byon October 17, 2013 at 11:33 AM EDT
President Obama signs legislation to reopen our government and pay our bills.
Posted byon October 15, 2013 at 3:55 PM EDT
On Monday, the President traveled to Martha’s Table, a local food pantry, to thank the many furloughed federal employees who have spent time during the government shutdown volunteering for charities and non-profits. While there, he joined volunteers and helped prepare food for the pantry and called on Congress to set aside their partisan demands and let these furloughed employees return to work.