TheObamaCrat™ Wake-Up Call For HuMpDaY The 11th Of December. Just 14 Days Left To Spend Money You Don’t Have.


 

By Jueseppi B.

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White House Schedule – December 11th, 2013

 

THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
December 11th, 2013

 

DAILY GUIDANCE AND PRESS SCHEDULE FOR
WEDNESDAY, DECEMBER 11th, 2013

 

In the morning, the President and the First Lady will arrive at the White House. The arrival on the South Lawn is open press.

 

Wednesday, December 11 2013 All Times ET

 

6:25 AM: The President and the First Lady arrive Joint Base Andrews.

 

6:40 AM: The President and the First Lady arrive the White House, South Lawn.

 

11:00 AM: The Vice President attends and delivers remarks at a memorial service for Nelson Mandela, Washington National Cathedral.  LISTEN LIVE

 

12:30 PM: Press Briefing by Principal Deputy Press Secretary Josh Earnest. The Brady Briefing Room.  WATCH LIVE

 

3:45 PM: The Vice President and Cecilia Muñoz, Director of the Domestic Policy Council, answer questions about immigration reform during a live online event hosted by Skype and Bing.  WATCH LIVE

 

This Afternoon: We’re Answering Your Questions on Immigration

 

Today at 3:45 p.m. ET, Vice President Biden and Cecilia Muñoz, the President’s Domestic Policy Advisor, are sitting down to answer your questions about immigration reform.

 

During the conversation hosted by Bing and Skype, the Vice President and Cecilia will speak with folks from around the country via live Skype Video Call, and answer questions submitted through both Skype Video and social media.

 

Click here to find out how to get involved in today’s chat.

 

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5:00 PM: The Vice President delivers remarks at the 12th Annual George McGovern Leadership Award Ceremony of World Food Program USA, Russell Senate Office Building.  LISTEN LIVE

 

 

 

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Watch All White House LIVE!! Streaming

 

Next Up…

December 11, 2013 12:30 PM EST

Press Briefing by Principal Deputy Press Secretary Josh Earnest

The White House, Watch All White House LIVE!! Streaming

 

 

 

December 11, 2013 3:45 PM EST

Vice President Biden and Cecilia Muñoz Answer Questions about Immigration Reform

Live Online Event Hosted by Skype and Bing
The White House, Watch All White House LIVE!! Streaming

 

 

 

December 11, 2013 5:00 PM EST

Vice President Biden Speaks at the 12th Annual George McGovern Leadership Award Ceremony of World Food Program USA

Audio Only

Washington, DC, Listen At White House LIVE!! Streaming

 

 

 

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The White House Blog

 

Remembering Nelson Mandela

 

President Obama’s Message to the People of the Central African Republic

 

 

Watch: Creating the 2013 White House Gingerbread House

 

 

 

Open Data Round Up

 

You’re Invited: White House Holiday Social

 

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“Don’t Just Play on Your Phone, Program It”

 

 

 

Statements and Releases December 10, 2013

 

Statement by the President on the Budget

 

Statement by the President on the Confirmation of Mel Watt

 

Statement by the President on the Confirmation of Patricia Millett

 

Statement by NSC Spokesperson Caitlin Hayden on the Completion of the U.S. – Russia “Megatons to Megawatts” Program

 

President Obama Announces Presidential Delegation to the Republic of Kenya to Attend the 50th Anniversary of the Republic of Kenya

 

Statement by the President on the Volcker Rule

 

Vice President Biden Announces $100 Million to Increase Access to Mental Health Services

 

 

Presidential Actions

 

Presidential Memorandum — Central African Republic Drawdown

 

 

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President Obama To Host The 2013 White House Tribal Nations Conference


 

By Jueseppi B.

President Barack Obama delivers remarks during the White House Tribal Nations Conference at the Department of the Interior in Washington, D.C., Dec. 5, 2012. (Official White House Photo by Pete Souza)

President Barack Obama delivers remarks during the White House Tribal Nations Conference at the Department of the Interior in Washington, D.C., Dec. 5, 2012. (Official White House Photo by Pete Souza)

 

President Obama to Host the 2013 White House Tribal Nations Conference

 

 

Today, President Obama will host representatives invited from 566 American Indian and Alaska Native tribes at the 2013 White House Tribal Nations Conference. This year marks the 5th Conference and reinforces our commitment to a strong government-to-government relationship with Tribal Leadership.

 

Earlier this year, the President established the White House Council on Native American Affairs to promote and sustain prosperous and resilient Tribal nations. Chair of this Council, Secretary Jewell of the Department of the Interior, will lead several Cabinet officials in direct discussions with tribal leaders during the Conference.

 

You can watch the morning and afternoon sessions of the 2013 White House Tribal Nations Conference by tuning in at www.DOI.gov/live.

 

The agenda is as follows:

 

Morning Session, 9:00am – 11:30am EST

  • Secretary Sally Jewell, Department of the Interior
  • Secretary Eric Shinseki, Department of Veterans Affairs
  • Secretary Kathleen Sebelius, Department of Health and Human Services
  • Secretary Anthony Foxx, Department of Transportation
  • Secretary Ernest Moniz, Department of Energy
  • Attorney General Eric Holder, Department of Justice

 

Afternoon Session, 2:00pm – 4:00pm EST

  • Administrator Gina McCarthy, Environmental Protection Agency
  • Secretary Thomas Perez, Department of Labor
  • Secretary Tom Vilsack, Department of Agriculture

 

Listening Session of the White House Council on Native American Affairs:

  • Secretary Sally Jewell, Department of the Interior (Chair and Co-Moderator)
  • Cecilia Muñoz, Assistant to the President and Director of the White House Domestic Policy Council (Co-Moderator)
  • Secretary Tom Vilsack, Department of Agriculture
  • Secretary Thomas Perez, Department of Labor
  • Secretary Shaun Donovan, Department of Housing and Urban Development
  • Secretary Arne Duncan, Department of Education
  • Acting Secretary Rand Beers, Department of Homeland Security
  • Administrator Gina McCarthy, Environmental Protection Agency
  • Acting Administrator Jeanne Hulit, Small Business Administration
  • Chair Nancy Sutley, Council on Environmental Quality

 

President Barack Obama

 

Audience members listen as President Obama delivers remarks during the White House Tribal Nations Conference (December 5, 2012)Audience members listen as President Barack Obama delivers remarks during the White House Tribal Nations Conference at the Department of the Interior in Washington, D.C., Dec. 5, 2012. (Official White House Photo by Pete Souza)

 

We hope you will join us. Watch the video here.

 

Watch the 2013 White House Tribal Nations Conference

 

The 2013 White House Tribal Nations Conference is currently underway and is streaming on the Department of the Interior website.

 

Watch Live Now.  Live Webcast from the US Department of the Interior

 

Tribal leaders from many of the 566 federally recognized tribes are in Washington, D.C. to participate in the fifth annual event that allows the tribal leaders to meet and discuss tribal issues with the Obama Administration on government-to-government relationships.

 

Follow Indian Country Today Media Network throughout the day for reports and articles about the Conference and issues that are being discussed.

 

 

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November 13, 2013 3:30 PM EST

President Obama Speaks at the 2013 Tribal Nations Conference

Department of Interior
Washington, DC

 

Watch The White House LIVE!! Streaming.

 

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Barack’s White House Blog News


 

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Watch: “Fireside Hangout” with Cecilia Muñoz on Immigration Reform

 

This afternoon, Cecilia Muñoz, Director of the White House Domestic Policy Council, sat down with a group of immigration reform advocates and leaders from across the country to discuss President Obama’s plan to fix our broken immigration system in a live Google+ Hangout. During the virtual round table discussion, participants asked questions about the President’s vision on topics ranging from creating an earned path to citizenship, the DREAM Act, Startup visas for entrepreneurs, and the role of the faith community in the immigration reform debate.  In case you missed the live event, check out the full video and learn more about the plan.

 

This “Fireside Hangout” was moderated by Jose Antonio Vargas,a Pulitzer Prize-winning journalist and founder of Define American, and guests included America Ferrera, co-chair of Voto Latino’s I’m Ready for Immigration Reform campaign, Jim Wallis, President and CEO of Sojourners, Cristina Jimenez, Managing Director of United We Dream and Shervin Pishevar, Managing Director at Menlo Ventures and co-founder of Start Up Visa Movement.

 

The hangout is part of an ongoing series of conversations with administration officials on Google+. In the weeks and months ahead, we’ll continue to host hangouts with White House staff on a range of second term priorities. Follow us on Google+ for updates from the Administration and opportunities to participate in online engagement events.

 

 

White House Hangout with Cecilia Muñoz on Immigration Reform

 

Published on Jan 31, 2013

Cecilia Muñoz, the Director of the White House Domestic Policy Council, participates in a “Fireside Hangout” about immigration reform. Jose Antonio Vargas, Pulitzer Prize-winning journalist and founder of Define America, moderated the hangout, and participants included America Ferrera, Jim Wallis, Cristina Jimenez, and Shervin Pishevar. January 31, 2013.

 

 

 

 

 

 

Highlighting Inclusion, Diversity and Human Rights at the Special Olympics World Winter Games

 

During recent days we have had the honor as part of a U.S. Presidential Delegation to accompany more than 150 U.S. Special Olympians to the 2013 Winter Games in PyeongChang, South Korea. In addition to the Opening Ceremonies of the games on Tuesday, the Presidential Delegation had a unique chance to spend time with the athletes and view some of the events.

 

While we have made a special effort to cheer on the U.S. athletes on behalf of the President, the Special Olympics is about far more than winning – it’s about encouraging diversity, celebrating inclusion and recommitting to the human rights of persons with disabilities around the world.

 

People with disabilities come from all walks of life, genders, every social class, and all religious traditions. Most of us have a family member, friend or acquaintance with a disability. People with disabilities make tremendous contributions to our society, to our families, to our neighborhoods – adding to the diversity that makes America a unique and special place to call home.

 

But we also know that too often, communities struggle to include people with disabilities. We frequently define success too narrowly, forgetting that all people have great potential to contribute to our society. This way of thinking excludes people with disabilities in the classroom, in the workplace and in the community.

 

President Obama has made a pointed commitment to ensuring people with disabilities are included in every facet of life – including at school and in the workplace. In 2010, the President issued Executive Order 13548, to be sure those with disabilities are included in the workforce of the United States Government. Last Friday, the President and Education Secretary Arne Duncan took an historic step to ensure that kids with disabilities aren’t left out in activities and on sports teams in U.S. schools.

 

We believe that through efforts like these and by raising awareness in communities across the country, the United States has much to offer in affirming the basic human rights of people with disabilities around the world.  We know that barriers to equal enjoyment of human rights by persons with disabilities are many and varied.  Pervasive discrimination leads to lack of access to basic public services, education and employment opportunities, political disenfranchisement, forced institutionalization and segregation, and poverty.

 

Disability-inclusive approaches to education, employment, and public services assure that people with disabilities are able to exercise their rights as full and equal participants in their societies. The Special Olympics stand as a wonderful example of this inclusiveness.

 

Over the course of this week, the U.S. Presidential Delegation has experienced the lasting power of the Special Olympics movement to promote awareness and appreciation of the human rights of those with disabilities.

 

The Games provide, through athletic competition, a unique path to strengthening civil rights – as they have for more than four decades. We have witnessed amazing things from Special Olympians who are pushing hard to meet and exceed their best. All of the athletes remind us that every person has potential, and that we can all strive for the utmost success in our endeavors.

 

Tom Vilsack is the U.S. Secretary of Agriculture and Head of the Presidential Delegation to the 10th Special Olympics World Winter Games. Judith Heumann serves as Special Advisor for International Disability Rights at the U.S. Department of State and is a member of the Presidential Delegation.

 

The Posse Foundation Selects First Cohort of Veterans for College Success Program

 

Battle buddies aren’t just for the Army. For the past quarter century, The Posse Foundation has been identifying talented students from large urban public school systems and sending them in teams (Posses) to some of the top colleges and universities in the nation. Since 1989, close to 5,000 students have received $500,000,000 in scholarships from Posse’s 44partner colleges and universities. These young people are graduating at a rate of 90 percent.

 

In an effort to increase the college-going and graduation rates of veterans at highly selective colleges and universities across the country, The Posse Foundation, in partnership with Vassar College joined forces to announce its Veterans Posse Program, a new college success initiative. Posse plans to expand this initiative to other colleges and other cities over the next several years.

 

By adapting the Posse model to serve U.S. Veterans, Posse believes that it can exponentially increase the college-going rates and success of veterans on elite college campuses. Vassar College has committed to adopting the program on its campus and will supplement GI Bill and Yellow Ribbon funding to guarantee full tuition for each admitted veteran. Posse, using its unique recruitment method, will each year identify, recruit and train the veterans. The Veterans Posse will attend college together and receive support from both Posse and Vassar through to graduation.

 

This year’s recipients have demonstrated exceptional leadership and remind us of the immense value that veterans can bring to selective institutions of higher education and to the workforce.

 

The members of this first class of veterans hail from all across the country, from communities big and small—from New York City to Copperas Cove, Texas. They have served in Afghanistan and Iraq as specialists in the Army, machine gunners in the Marine Corps, and engine mechanics in the Air Force, to name a few. Among them are:

  • A recipient of the Purple Heart whose heroism in combat was matched by the tenacity he displayed while recovering from severe head injuries sustained in battle;
  • A decorated veteran who led over 150 missions as one of the youngest tank commanders in his division and who, through community outreach and relationship building with residents in major opposition strongholds, facilitated successful elections in Baghdad in 2005;
  • A medic who risked his life saving a fellow soldier wounded by an Improvised Explosive Device (IED) in Iraq and went on to become a researcher at the Institute for Surgical Research, exploring ways to improve battlefield treatments.

 

 

These are just a few of the many stories of leadership that characterize this distinguished group of men and women.

 

It is Posse’s ultimate goal to develop a new kind of national leadership network—one that is truly diverse and better able to reflect the voices of all Americans. Posse recognizes the important role that veterans will play in establishing this diverse network of leaders.

 

The Posse Foundation is one example of the many organizations around the nation working to improve veteran success on campus. Educational success continues to be a key element of ensuring our veterans continue to reach their true potential when they return home. For more information on The Posse Foundation visit www.possefoundation.org.  To learn more about what you can do to help veterans and military families, visit joiningforces.gov.

 

 

 

Statements and Releases

 

 

January 31, 2013

Presidential Nominations Sent to the Senate

 

 

January 31, 2013

Conference Call on the Vice President’s Trip to Germany, France and the United Kingdom

 

 

January 31, 2013

Letter from the President — Regarding North Korea

 

 

January 31, 2013

President Obama Nominates Two to Serve on the US Court of Appeals

 

 

 

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President Barack Obama meets with Chief of Staff Jack Lew in the Oval Office, Jan. 31, 2013. (Official White House Photo by Pete Souza)

 

 

 

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The Daily 411 From Barack’s Blog


By Jueseppi B.

 

Barack'sblog

 

 

 

The White House LIVE….

 

January 31, 2013 1:00 PM EST

White House Fireside Hangout with Cecilia Muñoz on Immigration Reform

The White House

 

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Watch Live: A Fireside Hangout on Immigration Reform

 

Cecilia Muñoz, Director of the White House Domestic Policy Council, will join the latest “Fireside Hangout” – a 21st Century take on FDR’s famous radio addresses – to talk about immigration reform.

 

Watch the hangout live on WhiteHouse.gov/Immigration, or tune in to the White House’s Google+ page today, January 31 at 1:00 p.m. ET.

 

 

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Today’s Schedule

All times are Eastern Standard Time (EST).

 

10:00 AM: The President and the Vice President receive the Presidential Daily Briefing.

 

 

1:00 PM: Press Briefing by Press Secretary Jay Carney.

 

 

1:00 PM: The Vice President will attend the Senate Democratic Policy and Communications Committee Lunch.

 

 

 

President Obama Signs New Directive to Strengthen our Work to Advance Gender Equality Worldwide

 

By Valerie Jarrett and Samantha Power  January 30, 2013  The White House Blog

 

 

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Secretary of State Hillary Rodham Clinton watches as President Barack Obama signs a Presidential memorandum, “Coordination of Policies and Programs to Promote Gender Equality and Empower Women and Girls Globally,” in the Oval Office, Jan. 20, 2013. (Official White House Photo by Pete Souza)

 

 

President Obama knows that promoting gender equality and empowering women and girls at home and abroad is not only the right thing to do, but the smart thing to do, as Secretary Clinton has famously said.  A growing body of evidence- and our own experience- shows us that families, communities and countries are more prosperous and secure when, as President Obama said this month, “you unleash the power of everyone, not just some”.

 

That’s why we’ve taken steps to achieve that simple and profound goal, from establishing the White House Council on Women and Girls, to launching a multilateral initiative to expand women’s political and economic participation, to developing a new strategy to prevent and respond to violence against women, to implementing a national action plan to promote the inclusion of women in conflict resolution and peace processes, to focusing on women and girls for greater impact in our global health and food security initiatives.

 

And Secretary Clinton’s leadership in integrating the advancement of women and girls into U.S. foreign policy has been indispensable.  With the tireless assistance of our first-ever Ambassador at Large for Global Women’s Issues, Melanne Verveer, she has elevated these issues in our diplomacy and ensured progress for women and societies for generations to come.

 

Today, President Obama took a critical step to institutionalize all these efforts by signing a Presidential Memorandum to strengthen and expand U.S. government capacity and coordination across all agencies to better promote gender equality and empower women and girls. In the Memorandum, President Obama reaffirmed that “promoting gender equality and advancing the status of all women and girls around the world remains one of the greatest unmet challenges of our time, and one that is vital to achieving our overall foreign policy objectives.”

 

President Obama recognizes that in order to translate our commitment into impact we need dedicated professionals with the expertise and stature to lead our efforts and hold us accountable, which is why the Memorandum directs the Secretary of State to designate an Ambassador at Large reporting directly to the Secretary to head the office of Global Women’s Issues.

 

Secretary-designate Kerry is equally committed to ensuring the continued elevation of these issues at State. He welcomed today’s news, saying, “In the Senate I’ve made promoting the rights of women and girls a priority, not just because it’s the right thing to do, but because societies that empower the talents of their entire populations are more stable and more prosperous. It’s why we created a sub-committee in the Foreign Relations Committee to specialize on these issues and give it the attention it deserves. Last week at my confirmation hearing, I spoke with Sen. Boxer about the importance of maintaining the momentum Secretary Clinton and Ambassador Melanne Verveer have built through their innovative office and laser-like focus. I applaud the President for institutionalizing these efforts and ensuring these issues continue to receive the high-level attention they deserve at the State Department, at USAID, and across the U.S. government.”

 

President Obama’s Memorandum also affirms the critical linkages between gender equality and our broader development goals, and ensures that the Senior Coordinator for Gender Equality and Women’s Empowerment at the U.S. Agency for International Development (USAID) will continue to play a prominent role in advising the USAID Administrator on key priorities for U.S. development assistance.  Finally, the Memorandum establishes an inter-agency working group on international gender issues, chaired by the National Security Advisor, which will provide strategic guidance, promote government-wide coordination, and spur new action across agencies from the Millennium Challenge Corporation (MCC) to Peace Corps to the Department of Health and Human Services.

 

As we move forward, we are grateful for the continued leadership and unwavering commitment of champions in Congress and so many advocates inside and outside governments the world over who are advancing a future in which the dreams of our daughters and sons are equally within reach. Together, building on decades-long movements for equality, we have made tremendous strides over the last four years. And as long as women and girls continue to suffer violence daily, are barred from owning land or running for office, are kept from schools and vital health services, and are unable to access credit and skills to run businesses and earn a living, our work will continue with increasing urgency.

 

Valerie Jarrett is a Senior Advisor to the President and Chair of the White House Council on Women and Girls.

 

Samantha Power is the Special Assistant to the President and Senior Director for Multilateral Affairs and Human Rights at the National Security Council.

 

 

 

A Record Year for the American Wind Industry

 

Heather Zichal
By  Heather Zichal  January 30, 2013  The White House Blog

 

Since taking office, President Obama has been focused on building an energy economy in the United States that is cleaner as well as more efficient and secure. As part of that effort, the Administration has taken historic action over the past few years to support the development and deployment of renewable energy that will create new jobs and jumpstart new industries in America. And we are making significant progress towards those goals.

 

Today, the American Wind Energy Association (AWEA) has released its Fourth Quarter Market Report for 2012, which highlights a number of exciting milestones.

 

The American wind industry had its best year ever in 2012, with more than 13,000 MW installed. In the fourth quarter alone, more than 8,000 MW were deployed – an all-time record for the industry and twice as much wind as the previous record set in the fourth quarter 2009.

 

Thanks to this growth, the wind industry was able to achieve another milestone in 2012: achieving 60 GW of cumulative wind capacity in the United States. To put it another way, the United States today has more than 45,000 wind turbines that provide enough electricity to power 14.7 million homes – roughly equivalent to the number of homes in Colorado, Iowa, Maryland, Michigan, Nevada, and Ohio combined.

 

To underscore how quickly wind power is taking root in America, consider this: it took 25 years to reach 10 GW, which occurred in 2006. But it only took four years to grow from 20 GW (2008) to 60GW (2012). And last year – for the first time ever – wind power provided the largest share of new electric capacity (42%) in the United States. Of course, more wind also means less carbon pollution that contributes to climate change. With 60 GW installed, it’s like taking 17.5 million cars off the road.

 

All of this progress builds on the encouraging trends in renewable energy over the past few years. Since 2008, the U.S. has doubled renewable generation from wind, solar, and geothermal sources, and America is now home to some of the largest wind and solar farms in the world. Wind power currently contributes more than 10% of total electricity generation in six states, with two of these states above 20%. And nearly seventy percent of the equipment installed at U.S. wind farms last year – including wind turbines and components like towers, blades, gears, and generators – was made here in the United States, up from just 35 percent in 2005.

 

This is what we can achieve when we commit ourselves to smart and effective policies that promote clean energy technologies, create jobs, and grow our economy. That’s why, in addition to making the largest investments in clean energy in American history, President Obama fought for – and secured – an extension of the Production Tax Credit (PTC). If the PTC had expired at the end of last year, it would have landed a punishing blow to the domestic wind industry resulting in layoffs for tens of thousands of American workers.

 

But the President refused to let that happen. So instead of layoffs, we are hearing stories from wind companies all across the country – from Iowa and Colorado, to Ohio and Illinois – that are retaining and re-hiring workers. Instead of moving business overseas, these companies are investing in the next generation of American-made wind technology and are poised for additional growth in the years ahead.

 

 

 

Advance Estimate of GDP for the Fourth Quarter of 2012

 

Alan Krueger
By  Alan Krueger  January 30, 2013  The White House Blog

Alan B. Krueger is the Chairman of the Council of Economic Advisers.

 

According to the “advance” estimate released by the Bureau of Economic Analysis today, real GDP edged down 0.1 percent at an annual rate in the fourth quarter of 2012, amid signs that Hurricane Sandy disrupted economic activity and Federal defense spending declined precipitously, likely due to uncertainty stemming from the sequester.  This was the first quarterly drop in real GDP in three-and-a-half years (see first chart below). Over the last fourteen quarters, the economy has expanded by 7.5 percent overall, and the private components of GDP have grown by 10.9 percent. During the four quarters of 2012, real GDP grew by 1.5 percent, the third consecutive year of economic expansion.  Over this period, real GDP growth has been led by an expansion in the private sector (see second chart below).

 

Several private sector components of GDP continued to make positive contributions to growth in the fourth quarter.  Personal consumption expenditures, the single largest component of GDP, increased by 2.2 percent at an annual rate in 2012:Q4, as compared with 1.6 percent in the previous quarter. Residential investment grew by 15.3 percent last quarter and has increased for seven consecutive quarters, the longest streak since 2004-2005. Business investment in equipment and software grew at its fastest pace in more than a year, rising 12.4 percent.

 

Federal defense purchases declined at an annual rate of 22.2 percent in the fourth quarter of 2012, the largest quarterly decline in 40 years.  A likely explanation for the sharp decline in Federal defense spending is uncertainty concerning the automatic spending cuts that were scheduled to take effect in January, and are currently scheduled to take effect on March 1st. The decline in government spending across all levels reduced real GDP by 1.33 percentage points in the quarter.

 

In addition, a decline in exports of goods and services and slower inventory investment both subtracted from real GDP growth in the fourth quarter.  Both international trade flows and inventory accumulation could have been affected by disruptions caused by Hurricane Sandy, although a precise estimate of the effect of the hurricane on GDP is not available.  Nonetheless, the BEA reported that Hurricane Sandy destroyed $44 billion worth of fixed capital, which indicates one of the storm’s significant economic effects.

 

Although GDP is the broadest measure of economic activity, other indicators of economic performance suggest that the economy continued to recover in the fourth quarter, despite the impact of Hurricane Sandy and uncertainty surrounding fiscal issues.  For instance, at an annual rate, aggregate production-worker hours increased by 2.2 percent and industrial production rose by 1.0 percent.  Moreover, as the Administration stresses with each economic report, indicators of economic performance can be volatile and are subject to substantial revision.  The average absolute revision from the “advance” estimate of real GDP growth to the most current data is 1.3 percentage points.

 

Some of the fiscal issues that may have weighed on the economy in the fourth quarter of 2012 were resolved with the passage of the American Taxpayer Relief Act in early January, which provided more than 98 percent of Americans and 97 percent of small businesses with the certainty that their income taxes will not rise. Today’s report is a reminder of the importance of the need for Congress to act to avoid self-inflicted wounds to the economy.  The Administration continues to urge Congress to move toward a sustainable federal budget in a responsible way that balances revenue and spending, and replaces the sequester, while making critical investments in the economy that promote growth and job creation and protect our most vulnerable citizens.

 

 

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