Economic news

Biden, facing roadblocks in Congress, to issue executive order on childcare, eldercare

2023.04.18 06:30


© Reuters. FILE PHOTO: European Commission President Ursula von der Leyen is reflected in U.S. President Joe Biden’s sunglasses during the first day of the G7 leaders’ summit at Bavaria’s Schloss Elmau castle, near Garmisch-Partenkirchen, Germany, June 26, 2022. REU

By Andrea Shalal

WASHINGTON (Reuters) – U.S. President Joe Biden, facing congressional resistance to his proposals, will announce more than 50 executive actions on Tuesday aimed at advancing free preschool and expanding care for children, older Americans and those with disabilities.

Domestic Policy Council Director Susan Rice said Biden would continue to press lawmakers to approve $750 billion in fundingfor those areas over 10 years as outlined in his 2024 budget.

But in the meantime, he is directing federal agencies to adopt measures that do not involve new spending to increase Americans’ access to high-quality childcare and long-term care.

“The president’s not going to wait to take action to address our nation’s care crisis,” Rice told reporters. Biden’s order will have more than 50 executive actions, she said.

The White House is betting child- and elder-care programs, which are very popular with the public, can boost Biden’s approval ratings as he nears an announcement of his candidacy for the 2024 presidential race.

Biden is directing nearly every federal agency to identify grant programs that can pay for childcare and long-term care benefits for workers on federal projects, and consider requiring companies applying for federal job-creation funds to expand access to care for their workers.

The Commerce Department pioneered this approach last month when it required companies seeking major funding under its $52 billion U.S. semiconductor manufacturing and research program to show how they will help workers access affordable childcare.

Other measures would improve access to home-based care for veterans, boost pay for early childhood educators, improve the quality of jobs caring for the elderly and those with disabilities and promote the right of care workers to unionize.

Heather Boushey of the White House Council of Economic Advisers (CEA) said childcare and eldercare shortages and soaring costs limited the ability of many women to work, dampening economic growth.

She noted a recent Boston Consulting Group forecast that U.S. economic output could drop by $290 billion a year beginning in 2030 if critical care shortages and affordability were not addressed.

Senior administration officials declined to estimate the dollar value of Biden’s actions and said the administration wants to implement the changes quickly.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,753.19 0.04%
ethereum
Ethereum (ETH) $ 3,352.01 1.65%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 252.66 0.93%
bnb
BNB (BNB) $ 660.78 0.87%
xrp
XRP (XRP) $ 1.44 2.20%
dogecoin
Dogecoin (DOGE) $ 0.425994 1.82%
usd-coin
USDC (USDC) $ 1.00 0.06%
cardano
Cardano (ADA) $ 1.02 4.95%
staked-ether
Lido Staked Ether (STETH) $ 3,350.62 1.58%
tron
TRON (TRX) $ 0.207518 2.26%
avalanche-2
Avalanche (AVAX) $ 41.56 0.50%
stellar
Stellar (XLM) $ 0.551523 11.88%
the-open-network
Toncoin (TON) $ 6.12 4.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 1.74%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,975.29 1.50%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,376.09 0.15%
polkadot
Polkadot (DOT) $ 8.89 3.65%
chainlink
Chainlink (LINK) $ 17.88 1.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 513.67 1.26%
weth
WETH (WETH) $ 3,350.11 1.60%
sui
Sui (SUI) $ 3.36 2.67%
pepe
Pepe (PEPE) $ 0.00002 2.37%
near
NEAR Protocol (NEAR) $ 6.65 7.53%
leo-token
LEO Token (LEO) $ 8.50 1.48%
litecoin
Litecoin (LTC) $ 97.74 1.41%
aptos
Aptos (APT) $ 12.29 3.91%
uniswap
Uniswap (UNI) $ 10.76 0.33%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,525.50 1.74%
hedera-hashgraph
Hedera (HBAR) $ 0.148076 3.04%
internet-computer
Internet Computer (ICP) $ 11.68 2.45%
usds
USDS (USDS) $ 0.999899 0.22%
crypto-com-chain
Cronos (CRO) $ 0.190597 5.32%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.565358 0.64%
ethereum-classic
Ethereum Classic (ETC) $ 28.66 3.45%
render-token
Render (RENDER) $ 7.95 2.67%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.50 4.96%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
kaspa
Kaspa (KAS) $ 0.152466 0.37%
bittensor
Bittensor (TAO) $ 515.93 2.34%
bonk
Bonk (BONK) $ 0.000048 0.18%
vechain
VeChain (VET) $ 0.043606 4.34%
whitebit
WhiteBIT Coin (WBT) $ 24.35 1.68%
arbitrum
Arbitrum (ARB) $ 0.849201 1.45%
dai
Dai (DAI) $ 1.00 0.00%
filecoin
Filecoin (FIL) $ 5.71 3.98%
cosmos
Cosmos Hub (ATOM) $ 8.68 4.55%
celestia
Celestia (TIA) $ 7.83 9.31%
mantra-dao
MANTRA (OM) $ 3.64 1.33%
okb
OKB (OKB) $ 54.52 6.23%