In his weekly address, President Obama highlights the bipartisan budget agreement that unwinds some of the cuts that were damaging to the economy and keeps investments in areas that help us grow, and urges both parties to work together to extend emergency unemployment insurance and act on new measures to create jobs and strengthen the middle class.
1.3 million Americans are about to lose a vital lifeline of unemployment insurance benefits if Congress doesn't act. This is money that helps pay the bills while folks work hard to find their next job.
And it gets worse: If we don't do anything in 2014, an additional 3.6 million Americans will lose their benefits.
Today the United States and Canada released the 2013 Implementation Report on the Beyond the Border Initiative. The report highlights the significant progress we have made over the last year to enhance economic cooperation and to address threats before they reach our common border. Our two countries are doing all we can to make trade and travel easier and less expensive, supporting economic competiveness and prosperity, while partnering to keep our communities safe.
The economy is finishing 2013 in a stronger place than where it began the year, though more work remains to grow the economy, create jobs, and strengthen the middle class. This is especially notable given the general fiscal environment, including the onset of the sequester in March, and the government shutdown and debt limit brinksmanship in October. The recent budget bill passed by Congress on a bipartisan basis will contribute to certainty, a better fiscal stance over the next year, and more funding for the critical ingredients of longer run growth.
In this week’s address, President Obama says that before Congress leaves for vacation, they should extend unemployment benefits for 1.3 million hardworking Americans who will lose this lifeline at the end of the year.
Welcome to the West Wing Week, your guide to everything that's happening at 1600 Pennsylvania Avenue. This week, the President spoke on the importance of addressing economic mobility and supporting implementation of the Affordable Care Act, visited fasting immigration reform activists, marked World AIDS Day, celebrated Hanukkah, and visited a local bookstore for Small Business Saturday. That's November 29th to December 5th or, "Olde English."
With solid job growth in November – in addition to strong data on manufacturing activity and auto sales – it is clear that the recovery continues to gain traction. Today’s report was yet another reminder of the resilience of America’s private sector following the disruptive government shutdown and debt limit brinksmanship in the first half of October. Nevertheless, today’s jobs numbers show that too many Americans who have been unemployed for 27 weeks or longer are still struggling to find jobs.
The United States economy continues to recover from the worst economic crisis since the Great Depression, and while substantial progress has been made, more work remains to boost economic growth and speed job creation. Despite ten consecutive quarters of GDP growth and 7.8 million private sector jobs added since early 2010, the unemployment rate is unacceptably high at 7.3 percent, and far too many families are still struggling to regain the foothold they had prior to the crisis.