As 2023 draws to a close, the White House has released a year-end memo highlighting the Biden administration's economic achievements. Contrary to predictions made a year ago, economic activity has remained robust, with inflation falling sharply. The economy is ending the year in a better position than predicted, with real wages growing, strong economic growth, low unemployment, low gas prices, significant progress on inflation, and a soaring stock market. This economic strength and stability represent a remarkable development after a series of crises. In the education sector, efforts are underway to increase funding for K-12 and address teacher and school bus driver shortages. In addition, two bills have been signed to address clean drinking water needs for schools and childcare centers, reduce public school debt, and invest in talent development. A new rule from the Biden-Harris administration will require Project Labor Agreements for most construction work with more than $35 million in federal contracts, a move that is expected to improve construction workers' wages and working conditions while ensuring that projects are completed on time and under budget. This is a significant initiative under the Bipartisan Infrastructure Act. Furthermore, the Lower Costs More Transparency Act, which passed the House last week, is expected to lower prescription drug costs for seniors in Medicare and Medicaid while saving the federal government $700 million towards deficit reduction. In the health sector, four million Americans have had their insulin costs capped at $35 a month, and efforts are underway to train beauty professionals in domestic violence awareness.
Unions are the backbone of NV's workforce. And for the first time, ALL federal construction projects valued at $35M+ will be required to have project labor agreements. 🤝 This is a win for the workers building our nation.
We need to be a country that builds things. That is good for the American economy, good for American national security, and good for American workers. US Steel should be an American company. https://t.co/O7mdAjqxZt
I joined a bipartisan group of lawmakers to urge the inclusion of VA medical marijuana provisions in the Veterans Bill. This provision will allow @DeptVetAffairs doctors to issue medical marijuana to veterans living in states where the treatment is legal. https://t.co/MCA5Q8HHmT
Today @MayorBibb and I welcomed @ActSecJulieSu, @GSACarnahan, and Jason Jason Miller of OMB to Cleveland, to announce the new Biden-Harris policy requiring Project Labor Agreements for federal construction projects. https://t.co/UrFJRDGvX6
.@POTUS and Democrats delivered for the American people this year. From four million Americans having their insulin costs capped at $35 a month to cutting drug costs and reining in abuses by Big Pharma. Democrats are fighting to help working families.
Earlier this year, I joined @NCAGO Josh Stein for a conversation on efforts to combat domestic violence. We must do more to address the growing number of domestic violence cases & work to ensure every survivor can access justice. https://t.co/NvmgbGSguM
Today, @POTUS took a historic step to further empower workers. By requiring PLAs for for large-scale construction projects, this executive order will improve construction workers' wages and working conditions while ensuring that projects are completed on time and under budget. https://t.co/LvL5M1SZWM
BREAKING: President Biden just secured a HUGE WIN for American workers. Federal construction projects will now require labor agreements on any project valued above $35 million. This will significantly improve efficiency on projects funded by the Bipartisan Infrastructure Act.
That’s a wrap on 2023! It’s been an incredible honor to serve Vermonters in Congress. Check out what we accomplished in our first year👇 https://t.co/nwRzFK342f
NEW: This executive order ensures that federal construction projects across the Commonwealth and our country will be completed efficiently and create high-quality, union jobs. Proud to serve alongside the most pro-union @POTUS in American history. https://t.co/NLLwzJmR6H
The Lower Costs More Transparency Act, which passed the House last week, will lower prescription drug costs for seniors in Medicare and Medicaid while saving the federal government $700 million towards deficit reduction. Plus delivering health care savings for everyday Americans.
I’m here in Cleveland with @GSACarnahan, @RepShontelBrown and @MayorBibb to announce a final rule from the Biden-Harris administration that will require Project Labor Agreements for most construction work with more than $35 million in federal contracts. https://t.co/qfPPCGCbaR
With the Inflation Reduction Act and Bipartisan Infrastructure Law investing billions into our communities, we must make sure that federal construction projects empower workers and raise labor standards. I applaud today's executive order which does just that. https://t.co/jZlVaEFaEV
The job isn’t finished—but it’s clear that the policies promoted by @POTUS are leading to a strong, resilient economic recovery. We’ll keep fighting to lower costs, create good-paying jobs, and invest in American families. https://t.co/oesZlzaePq
During my time in office, we've increased the amount of money students can get through MAP grants and the amount of scholarships. Now, every single student eligible for one can receive a grant. Investing in our kids is an investment we won't regret. https://t.co/1LZnATWPhr
As a member of the Addiction Treatment & Recovery Caucus, I was proud to vote in favor of the Support for Patients and Communities Reauthorization Act, which passed the House last week. This bipartisan legislation provides critical resources to help treat substance use disorders. https://t.co/x9R1v0AUGw
My bipartisan Protecting Women and Children Act will support survivors of domestic abuse and sexual violence. Those in need of help to prevent abuse should never have to take this on alone. https://t.co/1oaROxh5Sb
The House recently passed the Lower Costs, More Transparency Act, delivering legislation that will lower health care costs and increase price transparency for patients. I was proud to support this legislation as a key step in helping to address our unaffordable health care…
Everyone expected a recession. The Fed and White House found a way out. The economy’s strength and stability — defying many of the most optimistic predictions — represents a remarkable development after seemingly endless crises. https://t.co/MIS5KmcuBI
THRILLED to join @GovWhitmer alongside many local leaders and elected officials for the signing of two bills to address clean drinking water needs for our schools and childcare centers, reduce public school debt, and invest in talent development. Michigan Democrats deliver. https://t.co/UDZVaG41Vt
By incentivizing states to require domestic violence awareness training for beauty professionals, we can help ensure these individuals can better recognize signs of abuse and help clients who may be in danger. @MarshaBlackburn and I introduced a bipartisan bill to get it done. https://t.co/SxkRS3lxMc
Compared to widespread recession predictions at the start of the year, the White House is heading to 2024 w/: -- Real wages growing -- Economic growth strong -- Unemployment low -- Gas prices low -- Big progress on inflation -- Soaring stock market https://t.co/2vO9F3ooF3
Thanks to @POTUS for prioritizing education and making it more accessible to America’s children! We will keep pushing for a more affordable, comprehensive education to ensure the success of Michiganders at all ages. https://t.co/AsovBaIszm
THRILLED to join @GovWhitmer, SML @WinnieBrinks, Speaker Joe Tate, & community leaders for the signing of two bills to address clean drinking water needs for our schools & childcare centers, reduce public school debt, & invest in talent development. Michigan Democrats deliver. https://t.co/p7Gt8NfBHy
Investing in workers and our nation's infrastructure helped sustainably rebuild our economy from the middle-out and bottom-up, and allowed our nation to recover faster than our peers. https://t.co/v9GXYJiRXM
The economy is ending 2023 in a remarkably better position than anyone predicted -- giving the Fed & WH a green light to *cautiously* note that they've been vindicated by developments dismissed as virtually impossible until v recently w/ @JStein_WaPo: https://t.co/JliJGZtxIE
🧵In 2023, the President and the Vice President got a lot done for hardworking Americans. There's more work to do, but @WHCommsDir summarizes the meaningful progress made: 1/ https://t.co/GHvNXPwM3S
.@HouseGOP the last thing we need in this post-pandemic world is education cuts. Michiganders, @HouseDemocrats are working to increase funding for K-12 and address teacher and school bus driver shortages. We want the best education for families possible!
.@playbookdc: “The White House this morning released a year-end memo” from @WHCommsDir “touting the Biden administration’s achievements, emphasizing progress related to the economy.” https://t.co/rsLw31XyjU https://t.co/f8RpqLfWZw
As analysts, commentators, and journalists look back at the economy in 2023, the White House is out with its own offering, emphasizing that — contrary to many predictions 12 months ago — activity has remained robust while inflation has fallen sharply. https://t.co/F7fRf34hh3