The Obama administration is undertaking an athletic push to promote manufacturing employment in the United States: proposing giving manufacturers new tax breaks, closing loopholes that benefit companies that send manufacturing jobs offshore, expanding worker training programs and increasing trade enforcement, for instance. The administration underscored manufacturing’s first-among-equals status when announcing its proposed overhaul of the … Continue reading
President Barack Obama on Wednesday signed into law the agreement passed by Congress last week to extend the payroll tax cut and unemployment benefits while preventing a cut in payments to Medicare doctors. The signing, announced in a White House statement, resolves those issues for the rest of 2012, beyond the November election in which … Continue reading
The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year. But income inequality and Europe’s debt crisis could still pose challenges, according to a report released by President Obama’s Council of Economic Advisers. Before Obama even took office, America had lost 4.4 million … Continue reading