On Wednesday, President Donald J. Trump hosted a tribal, State, and local energy roundtable at the White House. He was joined by Governors Paul LePage, Kim Reynolds, Pete Ricketts, and Bill Walker, along with State and tribal leaders from around our great country. President Trump stated his Administration’s intent to roll back harmful regulations that prevent State, local, and tribal communities from accessing vital energy resources. These regulations hinder economic growth that would create jobs and could be used to fund roads, schools, and infrastructure. It is President Trump’s hope that the roundtable will allow for more cooperation between local governments and the Trump Administration in order to unleash America’s energy potential. The President stated his intent to “usher in a golden age of American energy dominance.”
THE VICE PRESIDENT: Good morning. AUDIENCE MEMBERS: Good morning. THE VICE PRESIDENT: Selamat pagi. (Laughter.) Vice President Kalla, thank you. Thank you for joining us this morning. Thank you for your kindness and your hospitality. It was an honor to meet with you yesterday to discuss the economic partnership between the United States and Indonesia. I look forward to forging a strong relationship with you in the years ahead for the benefit of both of our nations. Thank you again. (Applause.) And thank you all for being here today — Ambassador Joe Donovan, Minister Ignatius Jonan, Brian Arnold, members of the American Chamber of Commerce in Indonesia, members of the Kadin, distinguished leaders of the business community, honored guests. It is my great honor to be here in Indonesia today on my first trip to Southeast Asia as Vice President of the United States of America. I just spoke to the President earlier this morning, and I bring greetings from the President of the United States of America to all those gathered here and to the people of Indonesia, President Donald Trump. Before I go any further, let me take a moment to address the terrorist attack that happened in Paris yesterday. This is just the latest reminder that terrorism can strike anywhere at any time — something that the people of Indonesia and the United States know all too well. As President Trump said yesterday in the face of this great evil, “We have to be strong and we have to be vigilant. Today, the people of Paris have our condolences and our prayers. The people of France are on our hearts today. And the people of Indonesia can be confident in the wake of this latest attack: We will not relent in our effort to end terrorism and the threat it presents to both of our peoples, and I pledge to you our continued cooperation against terrorism in the uncertain days in which we live Thank you for letting me address that issue first. But let me also, on a lighter note, let me say it is a particular honor for me to be here on Kartini Day. (Applause.) Kartini was a pioneer of the women’s movement here in Indonesia, and her example that has inspired Women’s Emancipation Day is an inspiration not only to this region, but to the wider world. It’s heartening to see Indonesia’s commitment to empowering women through education and to ensuring that they have the opportunity to lend their voices and their talents to building Indonesia’s future. In fact, there are three great examples in the room and more that are worth mentioning on this Kartini Day. I’ve had the great privilege to spend time with your Foreign Minister Retno — (applause) — who I believe will be visiting Washington, D.C. in the coming weeks, and we look forward to continued productive discussions. Also I just finished conversations this morning with two of the most prominent women in Indonesia, speaking about expanding and strengthening our relationship between our two countries — Mari Elka Pangestu, the former minister of trade and minister of — economy. (Applause.) Thank you, Mari. And the vice chair of Kadin and the CEO of Sintesa Corporation, the distinguished Shinta Kamdami. Shinta is here, thank you so much. (Applause.) Would everyone join me in recognizing these and every other successful woman who is leading in public and private life on this Kartini Day? (Applause.) Yesterday morning on President Trump’s behalf, I had the great privilege to meet with President Joko Widodo, my friend Jokowi, to reaffirm the United States’ enduring commitment to our strategic partnership with Indonesia. We had a frank and open conversation. We discussed how our nations — the second- and third-largest democracies in the world — can further strengthen our partnership for our mutual benefit, a point I reiterated in my afternoon meeting with Vice President Kalla and several government ministers. And yesterday I met with ASEAN Secretary General Minh and the permanent representatives as a sign of the United States’ strategic partnership with ASEAN and our steadfast commitment to the Asia Pacific as a whole. It was my privilege in that moment to inform the Secretary General and the permanent representatives that President Donald Trump will attend the U.S.-ASEAN Summit, the East Asia Summit, and the APEC Leaders Meeting in Vietnam and the Philippines this November. (Applause.) I hope you all see this as what it is — a testament of the tremendous value that President Trump places on this vitally important region of the world. Our history here stretches back for generations, and our shared past is the foundation of our shared future, a future of security and prosperity for all our nations and the world. And the United States’ economic relationship with Indonesia is central to that future. As the crossroads of the Asia Pacific, Indonesia has a long-shared, strong commercial bond with the United States and our business community. American companies have done business in Indonesia for decades. And American products and services have greatly contributed to Indonesia’s economic development and quality of life in recent years. And the American Chamber of Commerce in Indonesia has been there every step of the way. Since 1971, the American Chamber of Commerce, AMCHAM, in Indonesia, has brought together U.S. and Indonesian companies to invest in this country and invest in our shared future. Today AMCHAM boasts more than 250 business members, and your hard work has helped to strengthen the relationship between the United States, Indonesia, and the broader Southeast Asia region. And the same goes to all the businesses that are so well represented here today, companies like Microsoft, Coca-Cola, JPMorgan Chase, Freeport, and really every business here. You've done yeoman’s work promoting trade and economic growth on both sides of the Pacific. Your businesses create jobs, drive innovation, and open up opportunity in both of our countries. And thanks in no small part to your hard work, the stage is set for an even stronger partnership between the United States, Indonesia, and Southeast Asia. The truth is American companies see tremendous potential throughout this region. Across all 10 members of ASEAN, of which Indonesia is the heart, the United States exports more than $100 billion a year in goods and services, supporting nearly 550,000 jobs back in the United States. And combined ASEAN’s member nations are the top destination in Asia for U.S. investment. At nearly $274 billion, the investments here are more than the investments in China, India, and Japan combined. These numbers show the incredible — thank you — that's a very impressive number. (Applause.) This incredible economic bond is testament in these numbers to the bond between the United States and Southeast Asia. And today on President Trump’s behalf, I have the honor to be here — along with Vice President Kalla and with American and Indonesian businesses — as they sign historic agreements that will draw our nations even closer together to the benefit of jobs and opportunities for both of our peoples. All told these companies are signing no fewer than 11 major deals worth more than $10 billion, and it’s happening today. (Applause.) From Lockheed Martin upgrading Indonesia’s air force, to GE and Applied Materials building electronic infrastructure, to ExxonMobil’s sale of liquefied natural gas, these deals represent the tremendous excitement that American companies feel about opportunities here in Indonesia. President Trump and I are grateful — grateful to these businesses. This is truly a historic day for the U.S.-Indonesia partnership, but the best is yet to come. Would everyone please join me in thanking these pillars of prosperity for the steps that they're taking today to create jobs and opportunities on both of our countries? (Applause.) Despite the big announcements today, the truth is the United States and Indonesia can do much more, we believe, to improve our trade relationship. Last year our two-way trade with Indonesia totaled about $30 billion, but American exports have actually fallen by more than 30 percent in the last four years. And it’s not for lack of trying — whether its extending electricity to communities that lack it, or building infrastructure, connecting Indonesia’s 17,000 islands, American businesses are ready and willing to drive Indonesia’s growth to an even greater extent. As President Jokowi and I discussed yesterday, we can and will do more to expand commerce and opportunity between Indonesia and the United States. Our goal is simple. We seek trade with Indonesia that is both free and fair. We seek to create a win-win trading relationship for both of our nations and all of our people. (Applause.) To that end, we will work President Jokowi to reduce barriers to trade and investment and to create a truly level playing field where all our businesses have equal opportunity to market access. As many of you know, U.S. companies face many barriers and difficulties in the Indonesia market. These include intellectual property challenges, the lack of transparency, or requirements to manufacture, or include local content before being able to sell products to the Indonesian market. Just a few examples. While we appreciate President Jokowi’s efforts to undertake economic reforms, especially easing business regulations, the truth is, I say respectfully, there’s much more that must be done to improve the business and investment climate in Indonesia. And with all of your help today, we're committed to helping to support that. As members of the business community, you can help us identify the barriers we need to break down, the areas where we can make the most progress for our nation’s mutual benefit. President Trump and I value your continued input on these issues, and we look forward to working with each one of you as we move forward to a system that maximizes jobs, growth, and a brighter future for Indonesia and the United States of America. (Applause.) The truth is that a stronger American economy means a stronger economy for Indonesia, as well, and for all of our trading partners. The United States is the driver of global growth, and under President Donald Trump, we're going to be driving global growth like never before. I promise you. (Applause.) President Trump and our administration are working around the clock to pass an agenda of lower taxes, less regulation, better infrastructure, and a renewed focus on American energy. I’m sure the businesses gathered here — from America will be glad to know that tax reform is going to be one of our top priorities. I don't have to tell you how the American tax code harms the business community at home and abroad. Our corporate tax rate is actually one of the highest in the developed world. It’s 10 percent higher than the tax rate here in Indonesia. President Trump has a plan to slash the corporate tax rate, reform the tax code to make it simpler, flatter, and fairer. And rest assured, our tax reform plan will make the strongest economy in the world stronger still, and that will benefit all of the businesses that are represented here today. The same is true of President Trump’s decisive action to cut through regulations and red tape that have been strangling American enterprise and companies that do business in our country. The President has already ordered every agency in Washington, D.C. to find two regulations to get rid of before issuing any new ones. (Applause.) And President Trump has already signed a dozen bills turning back the last administration’s burdensome mandates, and he’ll continue to work Congress, as we slash through red tape. Make no mistake about it, under President Donald Trump, the era of over-regulation and over-taxation is over. A new era of jobs and growth in the American economy has begun, and it will benefit America first, but it will benefit a growing economy will all of our trading partners, including Indonesia. (Applause.) Now, these are only a few of the President’s policies. I could go on today, but I won’t. I appreciate the feedback I received from so many of you at our roundtable about what our administration could continue to do to promote growth and opportunity. But rest assured, President Trump’s agenda is going to renew America’s reputation as the premier investment destination in the world to the benefit of our people and to the benefit of all with whom we do business. Now, I don't need to tell all of you in this nation of Islands that President John F. Kennedy was right that a rising tide will lift all boats. And as America grows, all of our partners, including Indonesia, will grow with us. (Applause.) Indonesia and Southeast Asia are vitally important to America’s economic future, and in the United States you have no better partner and no better friend. Together with Indonesia and with all the businesses represented here, we're going to work to deepen our bond and build on the foundation we stand on today. I’ll leave Indonesia in a just a few hours. As I do, I’ll depart here deeply impressed by everything that I’ve seen. Indonesia’s commitment to freedom, the rule of law, to human rights, and religious diversity has made a profound impact on me and my wife and our two daughters. Just yesterday I had the honor and the privilege to visit Indonesia’s national mosque, where the grand imam guided me and my family on a tour of that beautiful place. As I know Vice President Kalla, as the chairman of the Indonesian Mosque Council, would agree, Indonesia’s tradition of moderate Islam is an inspiration to the world. As we stood in that courtyard, the grand imam pointed to the spires of the Catholic cathedral just rising over the wall. It’s a testament to Indonesia’s commitment to tolerance and religious freedom. In your nation, as in mine, we know that religion unifies, not divides. It gives us a foundation for hope and a brighter future for all of our people. And I commend the people of Indonesia for your example. You're inspiring the world. (Applause.) With the leadership of President Trump and President Jokowi, I have faith — faith that the friendship between the United States and Indonesia will grow; faith that our strategic partnership will grow; and faith that our example of freedom, security, and prosperity will grow for the benefit of our people, and for the benefit of the world. Thank you all for having me today. It’s been a great, great honor to be with you. (The agreements are signed.) END
President Donald J. Trump has invited several guests to attend tonight's address to a Joint Session of Congress. These special guests will be seated with First Lady Melania Trump in the Executive Gallery of the House Chamber. Watch the Joint Address live at 9 p.m. ET at WhiteHouse.gov . John Crowley & Megan Crowley At 15 months old, Megan was diagnosed with Pompe disease and not expected to live more than a few short years. To look for a cure, her father, John Crowley, founded a biotechnology company that identified the treatment that halts the progression of Pompe and is credited with saving Megan’s life. Today, John is the CEO of Amicus Therapeutics, a New Jersey biotechnology company with more than 250 employees at the forefront of therapies for rare and orphan diseases. Megan, age 20, is now a sophomore at the University of Notre Dame. Jessica Gregory & Sheila Gregory Jessica was diagnosed at birth with spina bifida, and has undergone 11 surgeries at Children’s National Health System. Today, she is a dynamic, 18 year-old honor student at Largo High School and is planning for college and a career as a public interest reporter. Sheila and her husband are the proud parents of six—Jessica, two other daughters, and three sons—and reside in Prince George’s County, Maryland. Shelia is a community leader focused on helping teen mothers and mentoring children and youth. Denisha Merriweather After struggling with coursework as a child and often switching schools, Denisha moved in with her godmother and enrolled in the Florida Tax Credit Scholarship Program. She began attending a private school, Esprit de Corps Center for Learning, and went on to be the first member of her family to graduate from high school and college. Jessica Davis & Susan Oliver Jessica and Susan are the widows of Detective Michael Davis and Deputy Sheriff Danny Oliver, Placer County, California police officers who were killed in the line of duty in 2014 by an illegal immigrant. Their names have been invoked in the Davis-Oliver Bill, congressional legislation which aims to increase cooperation between local and federal officials to enforce our nation’s immigration laws. Carryn Owens Carryn is the widow of Chief Special Warfare Operator William “Ryan” Owens. Chief Owens died heroically last month in an operation in Yemen which yielded valuable intelligence which will protect U.S. national security. Carryn is the proud mother of their three children. Maureen McCarthy Scalia Maureen is the widow of late Supreme Court Justice Antonin Scalia, with whom she raised nine children. This month, President Trump nominated Judge Neil Gorsuch to succeed Justice Scalia on the Supreme Court. Jamiel Shaw, Sr. Jamiel Sr.’s son, Jamiel Jr., was a high school football star before he was tragically shot by an illegal immigrant in 2008. A running back for Los Angeles High School, Jamiel Jr.’s tragic death in a gang-related incident ended his life at the age of 17.
The final open enrollment period of this Administration started on November 1, and since then, more than 11.5 million people nationwide have signed up for health insurance through the Health Insurance Marketplace. As part of our Administration’s ongoing efforts to reach the remaining uninsured, the White House launched the Healthy Campus Challenge in September, hoping to engage college and university campuses in enrollment efforts. Campuses opted in by agreeing to undertake a series of best practices, like emailing all students and faculty with information about open enrollment, amplifying deadlines on social media, holding enrollment events, and producing creative online content to reach community members. White House staff members worked with administrators, students, faculty, staff, alumni, local community leaders, and elected officials across the country to spread the word about open enrollment and the Marketplace, sharing best practices with them honed over the last four years. More than 350 campuses from all 50 states, Washington, D.C. and Puerto Rico participated in the Challenge and carried out some enrollment activities, with nearly 100 campuses completing all the criteria. Today, leaders from nearly 60 of those campuses will attend Healthy Campus Challenge Day at the White House. We can’t wait to congratulate them for their hard work during the ongoing open enrollment period, hear creative ideas from these schools, and brainstorm ways for them to work together moving forward. Our hope in holding the Challenge was to institutionalize these enrollment practices on campuses nationwide for future open enrollments. Healthy Campus Challenge Day will be streamed live from South Court Auditorium at 10:30 a.m. on Friday, January 13 at www.whitehouse.gov/live , and here’s the program agenda, if you’re tuning in from afar: Welcome Remarks Valerie Jarrett , Senior Advisor to the President, the White House Panel I: Healthy Campuses Share What Works Moderator: Bess Evans, Senior Associate Director and Senior Policy Advisor, White House Office of Public Engagement and Domestic Policy Council Stephanie Blaisdell, Ph.D, Assistant Vice President, University of Memphis Jessica Koscelnak , Director of Health Services, Keystone College Jessica Lauritsen, Director of Student Life & Career Development, Hennepin Technical College Alyssa Padilla, Special Projects Coordinator, University of Arizona Susan Quinn, Director of Student Health Services, Santa Rosa Junior College Jodi A. Ray, Director of the College of Public Health, University of South Florida Brett Rowlett, Director of Governmental & Community Relations, Lane Community College Presentation of Certificates Kristie Canegallo , Assistant to the President and Deputy Chief of Staff for Implementation, the White House Panel II: National Organizations Working to Impact Local Efforts Moderator: Bess Evans, Senior Associate Director and Senior Policy Advisor, White House Office of Public Engagement and Domestic Policy Council Amaris Bradley, MPH, RD, Senior Manager of Partnerships, Partnership for a Healthier America Erin Hemlin, National Director of Training and Consumer Education, Young Invincibles Kyle Lierman, Senior Associate Director and Senior Policy Advisor, White House Office of Public Engagement and Domestic Policy Council Ebonee Rice, National Director of Strategic Partnerships, Enroll America Closing Remarks Bess Evans, Senior Associate Director and Senior Policy Advisor, White House Office of Public Engagement and Domestic Policy Council The following schools will attend Healthy Campus Challenge Day: Ashland University (Ashland, OH) Augsburg College (Minneapolis, MN) Bakersfield College (Bakersfield, CA) Bethune-Cookman University (Daytona Beach, FL) Bowie State University (Bowie, MD) Bunker Hill Community College (Boston, MA) California State University, Los Angeles (Los Angeles, CA) Concord University (Athens, WV) Cottey College (Nevada, MO) Delta College (University Center, MI) DePaul University (Chicago, IL) Durham Technical Community College (Durham, NC) Florida Memorial University (Miami Gardens, FL) George Mason University (Fairfax, VA) Harold Washington College (Chicago, IL) Hennepin Technical College (Brooklyn Park, MN) Kean University (Union, NJ) Keystone College (Factoryville, PA) Los Angeles Pierce College (Los Angeles, CA) Lane Community College (Eugene, OR) Livingstone College (Salisbury, NC) Long Beach City College (Long Beach, CA) Mansfield University of Pennsylvania (Mansfield, PA) Mercy College (Dobbs Ferry, NY) Millersville University of Pennsylvania (Millersville, PA) Missouri State University (Springfield, MO) Monroe Community College (Rochester, NY) Nash Community College (Rocky Mount, NC) Norwalk Community College (Norwalk, CT) Notre Dame De Namur University (Belmont, CA) Orange Coast College (Costa Mesa, CA) Pacific Lutheran University (Tacoma, WA) Pierpont Community & Technical College (Fairmont, WV) Princeton University (Princeton, NJ) Rider University (Lawrence Township, NJ) Santa Rosa Junior College (Santa Rosa, CA) Southern California University of Health Sciences (Whittier, CA) Spencerian College (Louisville, KY) Sullivan University (Louisville, KY) The University of Arizona (Tucson, AZ) The University of New Orleans (New Orleans, LA) The University of Southern Mississippi (Hattiesburg, MS) Trocaire College (Buffalo, NY) United Tribes Technical College (Bismarck, ND) University of Delaware (Newark, DE) University of Hawaii at Hilo (Hilo, HI) University of Memphis (Memphis, TN) University of Michigan (Ann Arbor, MI) University of South Florida (Tampa, FL) University of Wisconsin – River Falls (River Falls, WI) University of Wisconsin-Milwaukee (Milwaukee, WI) Upper Iowa University (Fayette, IA) Virginia Commonwealth University (Richmond, VA) Western Michigan University (Kalamazoo, MI) Western Washington University (Bellingham, WA) William Rainey Harper College (Palatine, IL) Xavier University of Louisiana (New Orleans, LA) Kristie Canegallo is the White House Deputy Chief of Staff for Implementation.
On Friday, January 6, the Obama Administration released the second installment of the interagency Quadrennial Energy Review (QER 1.2), “ Transforming the Nation’s Electricity System ”. The new report focuses on the Nation’s electricity system, from electricity generation to end uses, and addresses the need for improvements in that system. Today, January 9, is the third anniversary of the Presidential Memorandum that initiated the QER. Since that time, the QER team has produced two landmark installments and made a significant impact on energy policy. This second installment of the QER builds on QER 1.1 — “Energy Transmission, Storage, and Distribution Infrastructure ”, which was released in April 2015. QER1.1 made 63 recommendations, which DOE and its partners have been actively implementing. As detailed in the recent “ Report Card ,” 29 of the recommendations have already been fully implemented and an additional 21 are currently underway. Many of the recommendations requiring legislative action have been taken up by Congress, with 21 of the legislative recommendations now fully or partially reflected in Federal law. DOE will work with Congress and other agencies to achieve similar positive impact based on the recommendations from QER1.2 Modernizing the Nation’s electricity system is a strategic imperative. Reliable and affordable electricity provides necessary energy services for consumers, business, and national defense and underpins virtually every sector of the modern U.S. economy. This first-of-its-kind review of the electricity system provides analysis-based recommendations on how the Federal Government can most effectively work with states, localities, industry, and other stakeholders to meet future electricity needs, fully realize America’s economic potential, and secure the United States as a global leader in clean-energy innovation. Here’s how: Protect the Electricity System as a National Security Asset. The QER analyzes the interactions and interconnections that characterize the electricity system, as wells as the risks the system faces and concludes that the electricity system should be treated as a National security asset. The QER also provides recommendations to align investments and interests in support of the overarching National interest in electricity system security against threats both natural and manmade. The report recommends: Amending the Federal Power Act, including new authorities under the FAST Act, to clarify and affirm that the electricity system—from bulk power to distribution—is a national security asset, making its protection a fundamental Federal responsibility. Adopting integrated electricity-security planning and standards on a regional basis . Assessing interdependencies of natural gas/electricity system infrastructure for cyber security protection to determine whether additional measures are needed to protect the electricity system. Maximize Economic Value and Consumer Equity. Consumer options for electricity services and energy efficiency have grown dramatically, enabled in part by the smart grid and the Internet of Things, and supported by significant consumer demand for a range of new services. Consumers can now both produce and consume power through distributed generation technologies and an advanced distribution infrastructure, a significant change in the customer-utility relationship. Advances needed to increase economic value and consumer equity in this context include: Increasing Federal support for state efforts to quantitatively value and incorporate energy efficiency, demand response, distributed storage, and distributed generation into resource planning. Evaluating the potential to improve incentives and programs to cut electricity bills for low- and moderate-income households. Supporting electrification and opportunities for economic development by advancing energy technologies on tribal lands. Leveraging electric-utility broadband build-out to expand public broadband access in rural areas. Build a Clean Electricity Future. Reducing greenhouse gas and other harmful emissions is a key imperative for the power sector and builds on the success of environmental policy in reducing adverse public health and environmental impacts from electricity generation throughout the 20th century. Ensuring a clean and flexible electricity system will require continually reducing the cost and improving the environmental performance of energy technologies. Achieving these goals will require a number of actions, including: Significantly increasing Federal investment in clean electricity Research Development & Demonstration and implementing regional, clean-energy-innovation partnerships. Analyzing financing for advanced large-scale generation, while also expanding tax incentives for renewable electricity, electric vehicles, and energy efficiency. Extending the timeframe and total capacity allowed under the production tax credit for nuclear power generation and providing tax credits for carbon capture, utilization, and sequestration. Reducing the electricity intensity of newly constructed residential and commercial buildings by at least 50 percent relative to typical, present-day, new building construction by 2030. Assessing business model inequities associated with Federal electricity financial incentives to include an examination of the usage of tax credits for tax-exempt entities. Ensure Reliability, Security, and Resilience. Traditional electricity system operations are evolving that can enable a more dynamic and integrated grid, creating both enormous opportunities and the potential for new risks and vulnerabilities. The emerging threat environment, particularly with respect to cybersecurity and increases in the severity of extreme weather events, poses challenges for the reliability, security, and resilience of the electricity sector, as well as to its traditional governance and regulatory regimes. Key steps needed to minimize these risks include: Materially expanding existing Federal programs to demonstrate the integration and optimization of distribution-system technologies. Providing incentives for energy storage. Enhancing coordination between energy-sector information-sharing and analysis centers and the intelligence communities to synthesize threat analysis and disseminate it to industry in a timely and useful manner. Supporting grants for small utilities facing cyber, physical, and climate threats. Accounting for emerging threats during reliability planning. Providing funding assistance to enhance analytical capabilities in state public utility commissions. Invest in a Modern Workforce. A skilled workforce that can build, operate, and manage this modernized grid infrastructure is essential for the 21st century electricity system. Building a dynamic electricity workforce will require support from the Federal Government, including by: Strengthening Federal and regional efforts focused on electricity workforce development and transition assistance. Supporting cyber-physical systems (CPS) curriculum, training, and education for grid modernization and cybersecurity. Enhancing and aligning skills-based training and electricity-sector workforce development. Enhance Electricity Integration in North America. Leaders in the United States, Canada, and Mexico have publicly and repeatedly affirmed support for increasing energy integration, and there is a general understanding across the continent that the benefits of cross-border electricity trade can be improved with deeper system integration. A subset of the policies needed to accomplish this goal include: Advancing North American grid security through sharing of best practices and exploration of potential future cooperation on grid security issues. Facilitating the permitting of cross-border transmission-facilities by expanding the Regulatory and Permitting Information Desktop (RAPID) Toolkit. Increasing North American clean-energy and technical coordination and enhancing cooperation on energy information exchange across North America. The full report, details on the process for stakeholder input, and the related analyses are available at energy.gov/qer .
Third-quarter economic growth was revised up 0.3 percentage point to 3.5 percent at an annual rate, the fastest quarterly growth since 2014. The U.S. economy is now 11.6 percent larger than its pre-crisis peak in 2007 amid its strong recovery since the worst economic crisis since the Great Depression. Rising incomes, improved household balance sheets, and high levels of consumer confidence have supported robust consumer spending growth over the recovery. Meanwhile, the housing sector has continued to recover from the crisis and shows further potential for expansion. However, economic growth has faced a number of headwinds in the current recovery, including contractions in State and local government spending, weak foreign growth (which has weighed on both exports and investment), and the demographic effects of the aging U.S. population. More work remains to further strengthen growth and to ensure that it is broadly shared , including promoting greater competition across the economy; supporting innovation ; increasing investments in infrastructure ; and opening new markets to U.S. exports . SEVEN KEY POINTS ON MACROECONOMIC PROGRESS OVER THE LAST EIGHT YEARS 1. According to BEA’s third estimate, real gross domestic product (GDP) increased 3.5 percent at an annual rate in the third quarter of 2016, an upward revision of 0.3 percentage point (p.p.) from the second estimate. Real consumer spending grew a strong 3.0 percent in the third quarter following robust growth in the second quarter. Inventory investment—one of the most volatile components of GDP—added 0.5 percentage point to GDP growth in the third quarter after subtracting 1.2 percentage points in the second quarter. Residential investment declined for the second quarter in a row, though at a slower pace in the third quarter than in the second. Notably, exports grew 10.0 percent at an annual rate in the third quarter, their fastest quarterly growth since late 2013, boosted by a likely transitory jump in agricultural exports. Real gross domestic income (GDI)—an alternative measure of output—increased 4.8 percent at an annual rate in the third quarter. (In theory, GDP and GDI should be equal, but in practice they usually differ because they use different data sources and methods.) The average of real GDP and real GDI, which CEA refers to as real gross domestic output (GDO), increased 4.1 percent at an annual rate in the third quarter. CEA research suggests that GDO is a better measure of economic activity than GDP (though not typically stronger or weaker). The 0.3-p.p. upward revision to GDP growth was more than accounted for by upward revisions to consumer spending, business fixed investment, and State and local government spending. However, the overall contour of third-quarter growth was largely unchanged from last month’s second estimate. 2. Strong consumer spending growth over the current recovery has been supported by growth in real incomes, improvements in household balance sheets, and high levels of consumer confidence. Consumer spending accounts for over two-thirds of GDP, and has contributed disproportionately to overall real GDP growth in recent years. This strength in domestic demand reflects improved economic conditions for American households across a wide range of measures. Real wages have grown faster over the current business cycle than in any since the early 1970s (measured peak to peak), and from 2014 to 2015 real median household income increased 5.2 percent, the fastest growth on record . Meanwhile, as a share of disposable income, household debt service—the amount that households must spend on interest and principal payments for their outstanding debt—has fallen sharply in recent years, driven both by low interest rates and by sharp reductions in outstanding household debt relative to income. Taken together, these factors have left households with more disposable income available for consumer purchases. Finally, consumers have been increasingly confident in recent years. As the chart below shows, the University of Michigan index of consumer sentiment—which tends to closely track real consumer spending growth—is close to its highest level in ten years. 3. The recent slowdown in real business fixed investment growth can be explained largely by changes in the rate of U.S. and foreign GDP growth, as discussed in Chapter 2 of the 2017 Economic Report of the President . While business fixed investment—private spending on structures and equipment, as well as expenditures on intellectual property products such as software and research and development (R&D)—constitutes just 12 percent of GDP, it is crucial to long-run growth because it provides workers with more capital and improves technology, thus contributing to productivity growth. Business fixed investment growth has slowed since 2014; while oil-related investment has dragged on overall investment growth due to low oil prices, non-oil related investment growth has slowed somewhat as well. CEA analysis finds that much of the slowdown in investment growth can be explained using an “accelerator model,” which assumes that businesses invest if they expect rising demand growth for their products, meaning that rising GDP growth rates will lead to faster investment growth. The analysis also finds that several factors that have historically impacted investment growth—including credit constraints and other financial stress—have little explanatory power in understanding the recent slowdown. However, because the model predicts that investment follows changes in the rate of GDP growth , it predicts a rebound in the future, since U.S. and global output growth are expected to stabilize or pick up slightly in the years ahead. 4. Ten years after the first signs of decline in the U.S. housing market, housing activity and investment have gradually recovered, with room for future expansion. Recovery in the housing sector has been supported by strong job growth, rising real wages, and low mortgage rates, with growth in real residential investment outpacing overall real GDP growth over the course of the recovery from the Great Recession. Even with the solid growth in recent years, there is room for further expansion in residential construction. As the chart below shows, housing starts remain well below the level needed to keep pace with population growth, household formation, and typical rates of housing stock replacement. CEA analysis suggests that excess housing supply from overbuilding during the 2000s has been more than offset by underbuilding in recent years. Low household formation, particularly among young adults, may be playing a role in reducing demand for housing. On the supply side, local barriers to housing development in high-demand areas may also be one factor holding back new residential construction. Still, residential investment has further room to grow in future quarters, presenting upside potential for domestic demand in the near-to-medium term. 5. Trends in real State and local government purchases have differed sharply from prior business cycles, with meaningful contractions amid budgetary cuts. Although in a typical recovery State and local spending tends to grow quickly and at a similar pace as in the pre-recession period, State and local spending contracted sharply in the current business cycle and, after seven years, has still not rebounded to its pre-crisis levels. During the four quarters of 2010, State and local purchases subtracted 0.5 percentage point from GDP growth and then subtracted about another 0.3 percentage point in both 2011 and 2012. Spending in this sector stabilized in 2013, added modestly to GDP growth during the four quarters of 2014 and 2015, and had a negligible impact on GDP during the first three quarters of 2016. Real State and local government purchases, as well as State and local government employment, remain below their respective pre-crisis levels. If State and local government purchases had increased at the average rate of expansions excluding the current cycle (as shown in the chart below), real GDP growth would have been approximately 0.4 percentage point faster per year on average in the current recovery. Due in part to contractions in State and local government spending, total real government purchases are below their level at the business cycle peak in 2007; in other words, all of the growth in real GDP in the current business cycle is attributable to the private sector. 6. Growth in U.S. exports closely tracks global demand, with slowing global growth creating key headwinds to U.S. growth in recent years. The volume of U.S. exports to foreign countries is sensitive to foreign GDP growth, and, as shown in the chart below, four-quarter foreign GDP growth—when weighting countries by their relative importance to U.S. trade—explains much of the variance in U.S. export growth. Over the last five years, global growth has consistently underperformed relative to forecasts, and in its October World Economic Outlook , the International Monetary Fund (IMF) revised down its forecast of global growth for the four quarters of 2016. Still, the IMF currently forecasts global growth to pick up in 2017, suggesting less downward pressure on U.S. export growth—and on the manufacturing sector, which tends to be more export-oriented than other industries—from weak foreign demand going forward. 7. The aging of the U.S. population , a trend that will continue in the coming years, has placed constraints on growth in potential real GDP. The growth of the working-age (15-64) population in the United States has slowed notably in recent decades, putting downward pressure on labor force participation and real GDP growth. The working-age population grew 1.4 percent at an annual rate in the 1960s through the 1980s, but just 0.6 percent during the current business cycle. (The rate of growth of the prime-age 25-54 population has declined even more steeply, and the prime-age population even contracted between 2012 and 2015.) The decline in the growth rate of the working-age population is expected to continue through 2028, suggesting continued demographic headwinds to overall growth for at least the next decade. As noted in Chapter 2 of the 2017 Economic Report of the President , research has found that demographic shifts towards an older workforce may have also reduced productivity growth in recent years, though projections of the composition of the labor force suggest that the drag on productivity from demographics may soon abate. Still, slowing productivity growth remains a key structural challenge that the United States shares with all other major advanced economies. As the Administration stresses every quarter, GDP figures can be volatile and are subject to substantial revision. Therefore, it is important not to read too much into any single report, and it is informative to consider each report in the context of other data as they become available.
Ed. note: This was originally posted by the Department of Housing and Urban Development. Washington, D.C. | Students build personal computers to take home at the Best Buy Teen Tech Center at the Boys & Girls Club of Greater Washington. Today, as part of HUD’s ConnectHome initiative to bring high-speed internet to low-income households with school-aged children in HUD-assisted housing, T-Mobile, the City of New York, and the New York City Housing Authority (NYCHA) have committed to do their part to close the digital divide in New York. I joined Mayor Bill De Blasio, NYCHA, and T-Mobile executives to announce that 5,000 internet-connected tablets will be given to families with children living in public housing in the Bronx. We’ve come a long way since July 2015, when President Obama launched ConnectHome 1,500 miles away from New York in Choctaw Nation. At the time, President Obama stressed the urgency of closing what’s known as the “homework gap.” It’s the digital divide at home that prevents children from accessing the tools and resources needed to be successful at school. At HUD, we know that in a 21st century global economy, this gap is quickly leaving too many folks behind. High-speed internet access is no longer a luxury — it’s a necessity. Today’s announcement reflects the promise of ConnectHome by bringing the private and public sectors together to unlock the power of high-speed internet for low-income families. Each tablet has been donated by our latest national stakeholder, T-Mobile, and will be connected to high-speed internet through sharply discounted service paid for by the City of New York. Together, the commitment will have a tremendous impact, opening the doors of opportunity for thousands of deserving kids and families in New York. It also builds on tremendous collaboration seen in the 28 ConnectHome pilot communities across the country. internet Service Providers, including Cox Communications, AT&T, Google Fiber, and Comcast, have each extended free or low-cost internet offers that together reach 43 states and hundreds of thousands of public housing residents. In addition, to ensure that families make the most of their new connections, organizations like EveryoneOn, Boys & Girls Club, College Board, Common Sense Media, Best Buy, and GitHub are providing technical training, digital literacy and college prep programs, and devices for newly connected families. From Rockford, Illinois, to Washington, DC, to Kansas City, Missouri, ConnectHome has spurred new innovations in public-private partnerships that are changing tens of thousands of lives. The federal government has an important role to play in closing the digital divide and creating opportunity for low-income families. Today’s announcement coincides with the completion of two new rules this week that will encourage — and in some cases require — public housing authorities to install high-speed internet infrastructure in new construction and significant rehabilitation projects. And to help communities do more to get kids connected and conduct digital literacy trainings, HUD and the Corporation for National and Community Service (CNCS) will deploy a cohort of AmeriCorps VISTA members to support the ConnectHome Initiative throughout the 28 pilot communities. Last week, I had the opportunity to meet Hayden Stonebarger, a 14-year-old member of Choctaw Nation who was inspired by President Obama’s challenge. He’s a member of the Choctaw Nation Youth Advisory Board (YAB), an organization of students who strive to make a difference in their community. Through the YAB’s work on the local ConnectHome program, Hayden helps connect the elders of his community to the internet and shows them how to access vital resources like ordering their medicine online. These connections also help to bridge generations by empowering elders to share their life experiences and traditional culture with the students, while providing them a regular visit to look forward to. With help from ConnectHome , Choctaw Nation has been able to offer no-cost internet service and devices to all of its residents living in HUD-assisted housing. As President Obama has said, programs like ConnectHome work because community leaders, nonprofits, and the private sector are all stepping up to do their part. Success will require everyone to be involved and engaged to ensure a bright future for our children. At HUD, we are proud to answer the President’s call to action to open the doors of opportunity to every American.
The White House is hosting its final MBK National Summit today, and launching our #IamMBK Digital Day of Action. As we near the end of the Obama administration, we are celebrating the historic progress underway to expand opportunity for all of our kids, and want to make sure that there is no doubt that MBK is here to stay! Tune in to the President's remarks today at 4:45pm ET. President Obama will deliver remarks at the Summit to lift up what’s working and applaud efforts to scale and sustain this critical work for the long-term. Here’s how you can get involved and take action right now. #IamMBK Digital Day of Action: Today, Wednesday, December 14, we are launching a #IamMBK Day of Action to encourage more Americans to become mentors and do their part to help all kids achieve their dreams. Visit the Digital Day of Action website for more details, including sample tweets, shareable graphics, and videos you can post. Here’s a quick summary of how you can post, share, and tweet your support of this critical work. 1. Post your support: Share with your followers the reasons that you support My Brother’s Keeper using the hashtag #IamMBK on Facebook, Twitter, and Instagram. 2. Share an infographic: Lift up the #IamMBK Digital Day of Action and help ignite the conversation by posting an infographic and driving your followers to mentor.gov to get involved. 3. Share a mentoring image: Post of an image of a child you’ve mentored or of an individual that has mentored you. Tell your audience a little about that person in your post and direct them to mentor.gov to sign up to become a mentor. Don’t forget to include #IamMBK! 4. Share a video: Record a video/snap telling your followers about the importance of mentorship and encouraging them to get involved in their local MBK community; direct them to mentor.gov to learn more. Don’t forget to include #IamMBK! MBK National Summit Livestream: Watch President Obama’s remarks at 4:45pm ET, and be sure to check out the dynamic speakers at the forefront of the MBK movement. Access the livestream from 12:30pm ET to 6:30pm ET at WH.gov/live . See more information below on the sessions and speakers you won’t want to miss. The MBK Summit is being co-hosted by the White House, the U.S. Department of Education, the MBK Alliance, Bloomberg Associates, and the Executives’ Alliance for Boys and Men of Color. See the line-up of speakers and sessions below. 12:30 PM: Opening & Welcome Remarks Valerie Jarrett, Senior Advisor to the President Michael Smith, Special Assistant to the President and Director of My Brother’s Keeper Rafael López, Commissioner of the Administration on Children, Youth and Families (ACYF), Department of Health and Human Services 1 PM: Panel: MBK: Youth Voices Frank Cobbs IV, Participant in MBK-Fulton County, GA and student at St. Johns College, NYC Devin Edwards, Participant in MBK-Boston and student at Bunker Hill Community College, Boston MA Luis Ramirez, Participant in MBKA Oakland Career and Opportunity Fair Jamal Jones, Baltimore Algebra Project 1:40 PM: Panel: Shaping Policy, Transforming Lives Wade Henderson, President and CEO of the Leadership Conference on Civil Rights Broderick Johnson, Assistant to the President and Chair of the My Brother’s Keeper Task Force Tom Perez, Secretary of the Department of Labor John King, Secretary of the Department of Education Rashad Robinson, Executive Director, Color of Change 2:20 PM: Panel: MBK Communities: Infrastructure and Impact Linda Gibbs, Principal, Bloomberg Associates Mayor Martin J. Walsh, Boston, MA Mayor Betsy Hodges, Minneapolis, MN Assemblyman Michael Blake, Bronx, NY Sarah Eagle Heart (Oglala Lakota), CEO, Native Americans in Philanthropy Malachi Hernandez, Participant in MBK-Boston 3 PM: Panel: The Power of a Mentor; Igniting a Movement David Dietz, Specialist, Social Responsibility, The National Basketball Association Bob Lanier, NBA Hall of Famer Dr. William R. Hite, Superintendent of The School District of Philadelphia, Success Mentor Jerron Hawkins, White House Mentee and student at Howard University, Washington, DC 3:40 PM: Fireside Chat with Former Mayor Michael Nutter, Philadelphia, PA and Quamiir Trice, Participant in MBK-Philadelphia and student at Howard University, Washington, DC 4:10 PM: Implicit Bias Training led by Bryant Marks, Ph.D, Commissioner, White House Initiative on Educational Excellence for African Americans 4:45 PM: Remarks by the President 5:10 PM: Panel: All Hands on Deck: Cross-Sector Solutions for Change Blair Taylor, CEO, My Brother’s Keeper Alliance Tonya Allen, President and CEO, Skillman Foundation Christopher Oechsli, President and CEO, The Atlantic Philanthropies Tony West, Executive Vice President, Government Affairs, General Counsel and Corporate Secretary, PepsiCo Lashon Amado, Opportunity Youth United
In the spring of 2015, the White House established a special Taskforce for Baltimore City. The Taskforce was charged with marshalling Federal funds, programs, and expertise to address some of the city’s social and economic challenges, like violent crime, high levels of unemployment and limited economic opportunity in low-income neighborhoods. Baltimore is home to dedicated and creative public servants inside and out of government, many of whom are national leaders and experts in their field. Working with these leaders and with Maryland’s Congressional Delegation, the Taskforce focused on jobs, public health and safety. The Taskforce also prioritized investing in the long-term prosperity of the city through transportation, infrastructure, and the environment. Today, the White House is releasing a new report that highlights the progress of the Taskforce and its accomplishments over the past eighteen months. For example, to help address Baltimore’s unemployment rate, the Taskforce focused on creating new workforce programs, providing new opportunities for young people, and supporting small businesses. The Department of Labor funded One Baltimore for Jobs, a new initiative out of the Mayor’s Office that has helped hundreds of Baltimoreans land new jobs. In collaboration with the Taskforce and many public and private sector partners, Baltimore City also successfully grew the city’s youth summer jobs program by 60%, creating new professional opportunities for 6,000 young people over the course of two summers. To address public safety and public health, the Taskforce focused on protecting young people in and out of school, funding programs to make streets and neighborhoods safer, and reforming the Baltimore Police Department. For example, the U.S. Department of Justice and the U.S. Department of Health and Human Services identified $1 million in funding over two years to keep Baltimore City Health Department’s Safe Streets program alive. With this funding, the Baltimore City Health Department was able to sustain and expand current violence prevention efforts in Park Heights, Sandtown Winchester, Cherry Hill and East Baltimore, and significantly reduce gun violence among youth ages 14 to 24. To lay the foundations for future prosperity, the Taskforce focused on investing in transportation, establishing new anchor institutions and commercial hubs, improving Baltimore’s parks and green spaces, increasing food access, and building civic capacity. For example, the Department of Transportation supported Baltimore City and the State of Maryland with two $10 million TIGER transportation grants for the Port of Baltimore and for improvements to North Avenue, respectively. In many cases, from public health to workforce programs, the initiatives up and running in Baltimore are becoming national models, reflecting the commitment and caliber of the city’s citizens and leaders. The Administration’s work in Baltimore reflects a broader push by President Obama to change how the Federal government works with cities, towns, and other communities. The President’s “community solutions” approach emphasizes closer coordination, data-based decision-making, and rigorous evaluation. Citizens and local leaders in communities like Baltimore need a Federal Government that is more effective, responsive, and collaborative in addressing their needs and challenges. Far too often, the Federal Government has taken a “one-size-fits-all” approach to working with communities and left local leaders on their own to navigate Federal resources and programs. Responding to the call for change from local officials and leaders nationwide, and grounded in the belief that the best solutions come from the bottom up, not from the top down, under the Obama Administration, Federal agencies have increasingly taken on a different approach to working with communities to deliver better outcomes in more than 1,800 cities, towns, regions, and tribal communities nationwide. The Federal-local partnership in the City of Baltimore exemplifies the Administration’s “Community Solutions” approach, which calls for an integrated Federal government to align resources and cultivate working relationships with local stakeholders to respond to the needs of the community. Because of the groundwork that the Obama Administration has laid, the Federal government will continue to take a “community solutions” approach in its work in Baltimore and other cities, ensuring that the progress that the Taskforce has made in Baltimore is only the foundation for future Federal investments and partnerships. Nate Loewentheil, Special Assistant to President for Economic Policy
In President Obama’s final State of the Union Address, he issued a bold call to action to give every child the opportunity to learn computer science. He did so because computing is becoming increasingly relevant to America’s economy, cybersecurity, and national security. He also thinks it’s a lot of fun! Since then, 2016 has been a year of action in support of computer science, with new announcements made today . This year alone, 14 new states have expanded CS education, more than 500 organizations have responded to the President’s call to action, and a new AP-CS course launched this fall that is already being offered in more than 2,000 classrooms. In addition, 15 federal agencies are coordinating efforts to expand CS education, with new investments and guidance. Learn more about all of today's announcements . As a year of action 2016 builds on a decade of national, state, and grassroots activity to revitalize K-12 computer science education. A clear example of that steady growth and momentum has been Computer Science Education Week (CSEdWeek). First launched in 2009 with a resolution in the U.S. House of Representatives, and timed in recognition of the birthday of computing pioneer and Medal of Freedom recipient Admiral Grace Murray Hopper , CSEdWeek has since grown into a global event celebrated worldwide where millions of students, educators, parents, and industry volunteers participate in events and activities to inform and educate students about computer science and career opportunities in technology. Students and families learn coding together during Family Code Night at Riverside Unified School District organized in collaboration with the Inland Code Consortium, a new effort to bring computer science to nine school districts across the Inland Empire of California. Photo Credit: RUSD Communications In 2013, President Obama kicked off CSEdWeek with a video message urging students to try their hands at computer science saying, “don’t just play on your phone, program it.” During CSEdWeek 2014, President Obama became the first President to write computer code as a part of a student coding activity at the White House, and last year the White House hosted the CS Tech Jam to bring developers, educators, and students together to develop new innovations for CS education. This week, Obama administration officials, alongside hundreds of local and national organizations, are joining community-led CSEdWeek events across the nation, ranging from the Inland CSforAll Summit, which brings together school districts and community partners across central California, to the BotBall Junior tournament in Oklahoma City where 1,000 students will show off their software skills as they compete with autonomous robots, to the “Cuppa Code” meet-up for new CS teachers and tech professionals in Arlington, Virginia, hosted by CodeVA and Starbucks to the General Services Administration’s “Grace Hopper” Hackathon for open government. Find an event in your community , and join the movement to bring computer science to all of our children!