A recently released Department of Commerce report, “The
Economic Benefits of Reducing Supplier Working Capital Costs,” highlighted
how much the viability of our nation’s supply chain depends on large firms
paying on time. Our small manufacturing
firms—which account for more than 1/3 of manufacturing shipments and close to
half of employment—face elevated capital costs, relative to large firms,
because of lack of access to loans and higher interest rates. Large firms exacerbated these constraints
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The President is taking action, within his legal authority, to fix our broken immigration system. America needs a 21st century immigration system that lives up to our heritage as a nation of laws and a nation of immigrants -- and that grows our economy.
This afternoon, President Obama traveled back to his hometown of Chicago to meet with civic and business leaders and detail the reasons he's acting on his own to help fix our broken immigration system.
Speaking from a Polish community center in Chicago, the President reminded us that every president since Eisenhower has used his executive authority to address immigration issues. In fact, every president for the last 50 years has taken action to keep families together and help improve our nation's immigration system.
In recognition of American Indian and Alaska Native Heritage Month, the U.S. Census Bureau today released key statistics for American Indians and Alaska Natives, as this is one of the six major Office of Management and Budget race categories. The first American Indian Day was celebrated in May 1916 in New York.Red Fox James, a Blackfeet Indian, rode horseback from state to state, getting endorsements from 24 state governments, to have a day to honor American Indians.In 1990, President George H.W.Read More
Cross-post by Maria Contreras-Sweet, Administrator, Small Business AdministrationNovember 29th is Small Business Saturday – a day circled on the calendar of savvy entrepreneurs across America.Small businesses are the engine of our economy and create two out of three new jobs. Seven in 10 Americans are now aware that the day after Black Friday is a time to shop small and support local economic growth.Read More
Today’s upward revision affirms that economic growth in the third quarter was strong, consistent with a broad range of other indicators showing improvement in the labor market, increasing domestic energy security, and continued low health cost growth. Since the financial crisis, the U.S. economy has bounced back more strongly than most others around the world, and the recent data highlight that the United States is continuing to lead the global recovery. Nevertheless, there is more work to be done to boost growth in the United States and around the world.Read More
Tonight, speaking from the White House Briefing Room, President Obama spoke to the American people about the announcement of the grand jury's decision in the death of Michael Brown in Ferguson, Missouri. The President joined Michael Brown’s parents in calling on anyone who protests to do so peacefully.
Secretary of Defense Chuck Hagel announced today that he would be stepping down from his position overseeing the Department of Defense. Hagel, who served in the Army during Vietnam, is the 24th Secretary of Defense.
Speaking from the State Dining Room of the White House, President Obama noted that Secretary Hagel has helped to oversee a significant period of transition for both the Pentagon and the country: