President Biden has made clear for weeks that Congress must act to prevent default. Earlier this week, the President met with the four Congressional leaders at the White House, where they agreed to move forward on a bipartisan budget framework. Following that meeting, the President assigned an experienced negotiating team and directed them to act…
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JOINT STATEMENT OF JANET L. YELLEN, SECRETARY OF THE TREASURY, AND SHALANDA D. YOUNG, DIRECTOR OF THE OFFICE OF MANAGEMENT AND BUDGET, ON BUDGET RESULTS FOR FISCAL YEAR 2023
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen and Office of Management and Budget (OMB) Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2023. The Biden-Harris Administration’s record of building the economy from the middle out and bottom up helped sustain a significant economic recovery and laid…
Remarks by President Biden on Averting Default and the Bipartisan Budget Agreement
Oval Office 7:01 P.M. EDT THE PRESIDENT: My fellow Americans, when I ran for President, I was told the days of bipartisanship were over and that Democrats and Republicans could no longer work together. But I refused to believe that, because America can never give into that way of thinking. Look, the only way American…
Statement from White House Press Secretary Karine Jean-Pierre on Meetings with Congressional Leaders
President Biden looks forward to meeting with Speaker McCarthy to discuss a range of issues, as part of a series of meetings with all new Congressional leaders to start the year. Like the President has said many times, raising the debt ceiling is not a negotiation; it is an obligation of this country and its…
STATE FACT SHEETS: House Republicans’ Funding Bills Would Have Devastating Impacts for Hard-Working Families Across America
House Republicans’ bills would raise a host of costs for families, hurt students, seniors, and rural communities, slash support for law enforcement, and undermine our economy— while Congressional Republicans fight separately for multi-millionaires and big corporations to get massive tax cuts Earlier this year, the President and Congressional leaders reached a bipartisan budget agreement that…
Remarks by President Biden Announcing His Intent to Nominate the Next Chairman of the Joint Chiefs of Staff
Rose Garden 1:52 P.M. EDT THE PRESIDENT: Good afternoon. Please, everybody, be seated. Thank you. Before I begin, I want to address a — ongoing budget negotiations with congressional leaders. I’ll be very brief. Speaker McCarthy and I have had several productive conversations, and our staffs continue to meet as we speak, as a matter of fact,…
Remarks by President Biden Before Meeting with Speaker McCarthy to Discuss the Debt Ceiling
Oval Office 5:44 P.M. EDT THE PRESIDENT: Well, I’m glad the Speaker is here today. We — we’re optimistic we may be able to make some progress because we both agree that we — default is not really on the table; we got to get something done here. And the consequence of failing to pay…
Remarks by President Biden on the September Jobs Report and National Manufacturing Day
Roosevelt Room 12:20 P.M. EDT THE PRESIDENT: Hey, folks. How are you? Q Pretty good. How are you? THE PRESIDENT: Good news today: This morning, we learned the economy created 336,000 jobs in September alone. That means, since I’ve taken office, we’ve created 13.9 million new jobs. You’ve heard me say it before; I’m going…
Bidenomics Is Working: The President’s Plan Grows the Economy from the Middle Out and Bottom Up—Not the Top Down
President Biden and Vice President Harris came into office determined to rebuild our economy from the middle out and the bottom up, not the top down—and that strategy is working. Even as they faced an immediate economic and public health crisis—with a raging pandemic, elevated unemployment, snarled supply chains, and hundreds of thousands of small…
FACT SHEET: The President’s Budget Cuts the Deficit by Nearly $3 Trillion Over 10 Years
President Biden believes that investing in America, growing the economy from the bottom up and middle out, lowering costs for families, and reforming our tax code to reward work and not wealth are economic and fiscal imperatives. Strong and shared growth that benefits all Americans isn’t just good for the economy; it will also lead…
