According to a new report from the Bureau of Economic Analysis today, U.S. gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2014. The report affirms that second-quarter economic growth was strong — consistent with the recent string of solid job growth and improvements across other economic indicators.
But we still have to do more to build on this momentum. That’s why the President is continuing to act on his own to encourage investment in American manufacturing, energy, and infrastructure, and to help improve the financial security of our nation’s working families.
The President traveled to Charlotte, NC on Tuesday to address the American Legion — the nation’s largest veteran service organization — and pay tribute to the service and sacrifice of our veterans from every corner of the country and every generation.
Betsey Stevenson, Member of the Council of Economic Advisers, took over the “I Love Charts” Tumblr blog on Tuesday in honor of Women’s Equality Day. Throughout the day, she posted charts showing the progress we’ve made in closing the earnings gap between women and men, and the challenges women still face in the workforce.
At 108 years old, Lucy Coffey, a veteran of the Women’s Army Corps in World War II, is the nation’s oldest living female veteran. Last month, during a trip to the D.C. area, Lucy stopped by the White House — where she was greeted by none other than President Obama and Vice President Biden.