The extreme MAGA Republican House Freedom Caucus has made their priorities clear: imposing devastating cuts and increasing costs for working- and middle-class families, all to protect and extend tax breaks skewed to the wealthy and big corporations. In fact, their tax cuts would be so expensive that their deep and harmful cuts would not reduce…
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FACT SHEET: The President’s Budget: Extending Medicare Solvency by 25 Years or More, Strengthening Medicare, and Lowering Health Care Costs
The President’s FY 2024 Budget will lay out President Biden’s plan to invest in America, lower costs for families, protect and strengthen Social Security and Medicare, and reduce the deficit. Millions of Americans have been working their whole lives, paying into Medicare with every working day, and want to know that they can count on…
Statement from CEA Chair Cecilia Rouse on Encouraging Economic News
We are continuing to see encouraging economic developments, including strong job growth and lower energy prices. First, consumer price data showed headline inflation was 0.0% last month. This moderation compared to the month before was driven by declining gas prices, and lower prices for clothes, air fares, electronics, used cars, and more. Second, new data…
Readout of Vice President Kamala Harris’s Meeting with NAACP Youth and College Leaders
Today, Vice President Kamala Harris convened a roundtable with 25 students and young leaders from 12 states to discuss a range of issues important to young people across the country, including voting rights, student debt relief, police reform and gun violence, mental health, climate change, building intergenerational wealth, and reproductive rights. The Vice President’s meeting concludes a…
Remarks by President Biden at a Democratic National Committee Reception
Huntington Place Convention CenterDetroit, Michigan 3:26 P.M. EDT THE PRESIDENT: Hello, Michigan Democrats! And I hope some Republicans. Please have a seat if you have one. (Laughs.) Gov, thank you for that introduction. And — but more importantly, thanks for your partnership. If you take a look at the objectives you set out to meet and when…
What They Are Reading in the States: Biden-Harris Administration Helps Lowers Families’ Energy Expenses
This week, the Biden-Harris administration announced a series of actions to lower energy costs for families as the winter approaches. The actions included providing $4.5 billion in funding to states, territories and Tribes through the Low-Income Home Energy Assistance Program (LIHEAP) to help cover home heating costs, settle unpaid utility bills, and make cost-effective home…
Statement from CEA Chair Cecilia Rouse on PCE Inflation Data
The President’s number one economic priority is tackling inflation, while maintaining a strong economy and labor market. Today’s data show that inflation remains too high. The good news is that gas prices have declined since these data were collected in June. This week, Congress passed the CHIPS and Science bill – a much needed investment…
On-the-Record Press Call by OMB Director Shalanda Young and CEA Chair Cecilia Rouse on the President’s FY24 Budget
Via Teleconference (March 9, 2023) 10:08 A.M. EST MODERATOR: Hi there, everybody. Thanks for hopping on. This will be an on-the-record press call about the President’s fiscal year 2024 budget. We are joined today by OMB Director Shalanda Young and Chair of the Council of Economic Advisers Cecilia Rouse. They will each make some brief…
A Proclamation on National Agriculture Day, 2023
American farms remind us of the beauty and generosity of our Nation. They feed the country and the world, and with each new planting season, they embody that most American of things — possibilities. On National Agriculture Day, we celebrate all the farmers, farmworkers, ranchers, fishers, foresters, and other agricultural workers who do…
Statement by President Biden on Second Quarter GDP Report
Coming off of last year’s historic economic growth – and regaining all the private sector jobs lost during the pandemic crisis – it’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation. But even as we face historic global challenges, we are on the right path and…
