Everyone sees the destruction caused by a natural disaster –
the loss of life and property make headlines for weeks. But natural disasters
can have lasting effects that don’t garner as much media attention. Beyond
property and infrastructure costs, disasters impact the health of the business
community. According to the Small Business Administration, as much as 25 percent of small businesses
do not reopen after major disasters. Communities need to be prepared for all of
the effects of a natural disaster, and there is a new tool available to help
On July 30, 1965, President Lyndon B. Johnson signed both Medicare and Medicaid into law. Over the past 49 years, Medicare has provided comprehensive coverage to millions of seniors and people with disabilities, while Medicaid has provided coverage for millions of the most vulnerable Americans: low-income parents, children, and those with disabilities.Read More
Economic growth in the second quarter was strong, consistent with the recent further improvement in the labor market and other indicators. The economy could do even better if Congress does its part to help — starting with taking the steps needed to ensure that work on our roads and bridges is not brought to a halt this fall. But to make further progress, the President is pressing ahead on his own authority, taking action to facilitate investments in American manufacturing, energy, and infrastructure.
FIVE KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF ECONOMIC ANALYSIS
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This afternoon, President Obama spoke on the South Lawn about the situation in Ukraine, in the wake of the shoot-down of Malaysia Airlines Flight 17 nearly two weeks ago.
"In the Netherlands, Malaysia, Australia, and countries around the world," he said, "families are still in shock over the sudden and tragic loss of nearly 300 loved ones senselessly killed when their civilian airliner was shot down over territory controlled by Russian-backed separatists in Ukraine."
This afternoon, in a 97-0 vote, the Senate confirmed Robert "Bob" McDonald to serve as the next Secretary of Veterans Affairs.
In a statement, President Obama applauded the Senate for the confirmation, noting that McDonald is "uniquely equipped" to lead the Department:
Obama has called Africa “the world's next great economic success story.”
According to the African Development Bank, Africa maintained an average GDP
growth rate of 3.9 percent in 2013, exceeding the 3 percent rate for the global
economy. U.S. exports to the continent of Africa have grown 39 percent
since 2009, reaching $50.2 billion in 2013. The brightest spot has been U.S.
merchandise exports to sub-Saharan Africa, which have increased 58 percent
This summer, President Obama is traveling across the country to meet with everyday Americans who have written him about what's going on in their lives.
Ahead of the President's trip to Kansas City this evening, White House Press Secretary and Kansas City native Josh Earnest called a few people in the area and invited them out to dinner with the President.
Watch the Press Secretary give them a call, and hear their reactions -- we're sure you'll enjoy it:
Cross post by Mark Doms, Under Secretary for Economic AffairsOn Friday, I was part of the team from the Department of Commerce, Department of Labor, Office of the Vice President, and White House Office of Science and Technology Policy (OSTP) who joined up with Baltimore’s Morgan State University (MSU) to "data jam" on how to get America’s youth connected to jobs and on the path to rewarding careers.Labor force participation for America’s youth is at historic lows. Only about 1 in 2 people in their teens and early 20s are working or looking for work.Read More
Today at the White House, I was delighted to host a roundtable discussion with leaders from across the aging community who came together to discuss the White House Conference on Aging, which will take place in 2015 – the 50th anniversary of Medicare, Medicaid, and the Older Americans Act, as well as the 80th anniversary of Social Security.
Labor Secretary Tom Perez is traveling with Education Secretary Arne Duncan to Toledo, Ohio, today to see first-hand model programs and partnerships that are equipping Americans with the knowledge, skills and industry-relevant education they need to get on the pathway to a successful career.
We want to make sure you see what they see, too. Follow along today to see live updates and highlights from their day.