By: Brian Deese, Sameera Fazili, and Bharat Ramamurti The Biden Administration has been working at every level to address supply chain issues that are affecting prices. Many such issues are related to the pandemic—like changes in demand patterns, bottlenecks, or shutdowns. But for some price increases affecting Americans, there’s another culprit: dominant corporations in uncompetitive…
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President Biden Announces Release from the Strategic Petroleum Reserve As Part of Ongoing Efforts to Lower Prices and Address Lack of Supply Around the World
Announcement is in parallel with other major energy consuming nations, including China, India, Japan, Republic of Korea, and the United Kingdom Over the last 18 months, the COVID-19 pandemic forced an unprecedented global economic shutdown. As the world is re-opening from a near economic standstill, countries across the globe are grappling with the challenges that…
An Update on Fiscal Drag
By Jared Bernstein In August, CEA wrote a blog post outlining the economics behind President Biden’s statement that “if your primary concern right now is inflation, you should be even more enthusiastic about this plan,” referring to the infrastructure and Build Back Better agendas. Now that the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act)…
Remarks by President Biden and Attorney General Garland on Gun Crime Prevention Strategy
State Dining Room 4:55 P.M. EDT ATTORNEY GENERAL GARLAND: Good afternoon, Mr. President. It’s good to be here with you, and with local elected and community leaders, and with representatives of law enforcement. Protecting our communities from violent crime is a top priority for the Department of Justice and one of our most important responsibilities. I’m glad the…
Remarks by President Biden On Economic Growth, Jobs, and Deficit Reduction
Roosevelt Room 11:01 A.M. EDT THE PRESIDENT: Well, good afternoon. Before I begin, let me tell you, I’ll be around to answer questions on a lot of things, but I got 600 Olympians waiting out there for me. If you keep me too long, they’ll rush the place. And — all kidding aside, I —…
Readout of White House Meetings with Landlords and Tenant Advocates
This week, White House American Rescue Plan Coordinator Gene Sperling and Special Assistant to the President for Housing and Urban Policy Erika Poethig, along with other Biden-Harris Administration officials, held virtual listening sessions with groups representing landlords and tenant advocates to discuss state and local disbursement of emergency rental assistance funds and ways to protect…
The Economics of Public Investment Crowding in Private Investment
Heather Boushey, Chief Economist, Investing in America Cabinet Introduction President Biden’s economic vision—Bidenomics—is centered around making smart public investments, empowering and educating workers, and promoting fair competition to lower costs and help small businesses thrive. As described in a recent report on the economic case for the first pillar of Bidenomics, Investing in America, this…
FACT SHEET: The Biden Administration Announces New Actions to Lessen the Burden of Medical Debt and Increase Consumer Protection
Vice President Kamala Harris to announce reforms across four areas to ease the burden of medical debt, giving more American families the opportunity to thrive Today, as part of the fight to help Americans deal with high costs, the Biden-Harris Administration is announcing new actions to protect consumers and lessen the burden of medical debt on American families.…
President Biden Announces Intent to Appoint Dr. Tony Allen as Chair of the President’s Board of Advisors on Historically Black Colleges and Universities
WASHINGTON — Today, President Biden announced his intent to appoint Dr. Tony Allen as the Chair of the President’s Board of Advisors on Historically Black Colleges and Universities (HBCUs). The Board will advance the goal of the HBCU Initiative, established by the Carter Administration, to increase the capacity of HBCUs to provide the highest-quality education to…
A Proclamation on National Apprenticeship Week, 2021
For decades, Registered Apprenticeships have been a reliable pathway to the middle class. Apprenticeships train workers for good jobs and allow them to earn while they learn. These educational experiences are especially important for workers who did not attend college, as they provide these workers with the type of specialized training needed for the jobs…
