President Biden has been committed to supporting the people of Puerto Rico since his first day in office. The Biden-Harris Administration has made unprecedented levels of federal funding available to Puerto Rico for resilience, recovery, infrastructure, and economic growth. This has created an opportunity for Puerto Rico to make transformational change on the island. To…
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Remarks by President Biden on American Rescue Plan Investments
South Court Auditorium Eisenhower Executive Office Building 11:23 A.M. EDT THE PRESIDENT: Well, thank you all for your patience. Secretary Raimondo, thank you. Before we begin, I’d like to speak very briefly about today’s jobs report that was just been issued. We received more good news. In August, the economy created 315,000 new jobs. The great American jobs machine…
FACT SHEET: Biden-Harris Administration Sets First-Ever National Goal of Zero-Emissions Freight Sector, Announces Nearly $1.5 Billion to Support Transition to Zero-Emission Heavy-duty Vehicles
The U.S. freight system is vital to our nation’s economy. Trucks, ships, trains, and planes move 55 million tons of goods worth more than $49 billion every day, across a vast network that is essential to how Americans live and work. But while industry has made progress on reducing emissions from this sector, freight movement…
FACT SHEET: Biden-Harris Administration Hosts White House Methane Summit to Tackle Dangerous Climate Pollution, while Creating Good-Paying Jobs and Protecting Community Health
New Cabinet-level White House Methane Task Force will strengthen interagency and multi-stakeholder action to dramatically reduce methane emissions. Today, the Biden-Harris Administration will convene the first ever White House Methane Summit around the urgent need to dramatically reduce methane emissions, especially from leaks in the oil and gas sector, as a way to protect public…
Remarks by National Economic Council Director Lael Brainard Assessing the U.S. Recovery at the Peterson Institute for International Economics
AS PREPARED FOR DELIVERY It is good to join you for this discussion on the U.S. recovery. Given the unprecedented nature of the pandemic downturn, policymakers and experts are actively assessing the state of our recovery and the contribution of policy. That is especially true here at the Peterson Institute, which has made important contributions…
ICYMI: Experts Agree: Chips Manufacturing and National Security Bolstered by Childcare
This week Commerce Secretary Gina Raimondo marked a major milestone in the implementation of the CHIPS and Science Act, part of President Biden’s Invest in America agenda which will help rebuild our manufacturing and supply chains here at home and strengthen our national security. The Commerce Department released the notice of funding opportunity laying out the guardrails…
Remarks by CEA Chair Jared Bernstein at the Economic Club of New York
As Prepared for Delivery I wanted to take advantage of this privilege to speak at the Economic Club of New York to pull back a bit—don’t worry, not too far—from our daily obsession with the dataflow. In my conversation with Mark, I’ll be sure to share with you CEAs and the administration’s near-term economic outlook.…
On-the-Record Press Call with OMB Director Shalanda Young and Council of Economic Advisers Chair Jared Bernstein on the President’s Budget
Via Teleconference(March 11, 2024) 10:04 A.M. EDT MODERATOR: Good morning, everyone. Thanks so much for joining us. This will be an on-the-record press call about the President’s fiscal year 2025 budget. We’re joined today by OMB Director Shalanda Young and Chair of the Council of Economic Advisers Jared Bernstein. They’ll each make some brief comments…
FACT SHEET: CHIPS and Science Act Will Lower Costs, Create Jobs, Strengthen Supply Chains, and Counter China
In President Biden’s first year in office, the Biden-Harris Administration has implemented an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future. These policies have spurred an historic recovery in manufacturing, adding 642,000 manufacturing jobs since 2021. Companies are investing in America again,…
Remarks by President Biden on Investing in America | Las Vegas, NV
Carpenter International Training CenterLas Vegas, Nevada (December 8, 2023) 2:33 P.M. PST THE PRESIDENT: Hello, hello, hello. (Applause.) Please, take a seat, if you have one. If you don’t, you can build one real quickly. (Laughter.) I’ll tell you what, you know, I was thinking back there when Cesar was speaking that, you know, it’s…
