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Real GDP for the first quarter was revised up this morning, reflecting slightly higher growth in personal consumption, private investment, and government expenditures than previously estimated. The small first-quarter decline in overall GDP was driven by a number of factors including harsh winter weather and tepid foreign demand. However, the combination of consumption and investment—the most stable and persistent components of output—continued to rise at a robust year-over-year pace.Read More
Starting a small business is not a one size fits all-process. However, one best practice that all small businesses should consider is liability insurance. It’s no surprise that most of the...Read More
For decades, we’ve fought to secure a series of trade programs that have delivered results at home and around the globe. This week, Congress will consider whether or not to continue these programs that help bring people out of poverty, create new opportunities for developing countries to grow, and help retrain American workers who have lost their jobs through no fault of their own.
Last week, I had the pleasure of traveling to Brazil and meeting with government officials and business leaders to discuss a prosperous economic future between our two countries. During the visit, we fostered an open dialogue that I believe will open doors for a stronger partnership in trade and investment for many years to come.
Yesterday evening, President Obama hosted an Iftar dinner celebrating the Muslim holy month of Ramadan at the White House.
President Barack Obama hosts an Iftar dinner celebrating Ramadan in the East Room of the White House, June 22, 2015.
(Official White House Photo by Lawrence Jackson)Read More
June marks Immigrant Heritage Month -- and people across the country are sharing their American stories. Whether you've recently embarked on your first day as an American or want to share how your ancestors came to arrive here, we want to hear from you. Add your voice to the conversation today.Read More
Since 2013, President Obama has been calling on Congress to raise the federal minimum wage. Under the Fair Labor Standards Act, the minimum hourly wage an employer must pay an employee for work is currently $7.25. While Congress has not moved to increase the federal minimum wage, many states, cities, and business owners have heeded the President’s call to action by raising their minimum wages to well above the federal standard.Read More
Members of the 51st class of U.S. Presidential Scholars pose for a picture outside of the Eisenhower Executive Office Building, June 22, 2015. (Photo by U.S. Department of Education)Read More
When I started my businesses, it was overwhelming. I had to set up a legal structure, find office space, learn local zoning laws, apply for multiple licenses and permits, and navigate a maze of...Read More