C. Kirabo Jackson Archived

To allow small businesses to take advantage of lower interest rates, new Administration rules will lower loan costs for small business owners by expanding access to its 504 refinancing program. See CEA blog on this👇🏿 whitehouse.gov/cea/written-ma…

Child Care is Infrastructure: Evidence from Universal Pre-K | CEA | The White House

Moreover, the President’s FY 2025 budget underscores the need for sustained, transformative federal investments to ensure affordable child care and universal preschool is available to all families that need it.

The Biden-Harris Administration recognizes the importance of access to child care and Universal Pre-K to families and the economy and has made unprecedented investments in this sector.

Delighted to share new CEA research highlighting the foundational role of child care for the US economy. It shows that investments in childcare are associated with increased overall economic activity. Child-Care-is-Infrastructure-Issue-Brief-9.27.24.pdf (whitehouse.gov)

The CEA and the Biden-Harris administration believe that accessible, high-quality care is vital for the working families and for the economy at-large. Research out today confirms our story: the labor market can’t reach its full potential unless child care works for moms. /end

Some states have tried to fill the gaps left by the expiration of these federal funds by stepping up to provide state-level funding. CEA finds that state-level funding likely affected the availability of care and the ability of moms to participate in the labor market. 7/

Today, @hamiltonproj published new research highlighting the exceptional role of prime age women in the recent labor market recovery. However, the work identifies one group for whom labor force participation growth has recently stalled amidst widespread progress overall. 1/

.@KiraboJackson told @Investopedia: “You can buy 2.8%, almost 3% more food at the grocery store than you could a year ago. That’s a meaningful increase. That’s a real thing.”