WASHINGTON — President Joe Biden signed an executive order on Tuesday that contains more than 50 directives to increase access to child care and improve the work life of caregivers.
But the directives would be funded out of existing commitments, possibly including last year's laws financing infrastructure projects and building computer chip plants. That likely means their impact would be limited and possess more of a symbolic weight about what's possible. The Democratic president was far more ambitious in 2021 by calling to provide more than $425 billion to expand child care, improve its affordability and boost wages for caregivers.
"The executive order doesn’t require any new spending," Biden said in remarks at the White House. “It’s about making sure taxpayers get the best value for the investments they’ve already made.”
Biden also has called for more money for the care economy in his 2024 budget plan, drawing a sharp line with Republicans, who are seeking limits on spending.
Susan Rice, director of the White House Domestic Policy Council, told reporters on a phone call that the order shows that Biden isn't waiting on Congress to act.
“The child care, long-term care systems in this country just don’t work well,” Rice said. “High-quality care is costly to deliver. It’s labor-intensive. It requires skilled workers. Yet care workers, who are disproportionately women and women of color and immigrants, are among the lowest paid in the country.”
The order seeks to improve the child care provided to the offspring of federal workers, including military families. It plans to lower costs for families that are part of the Child Care & Development Block Grant program. Military veterans would get better home-based care. And the Department of Health and Human Services would raise pay and benefits for teachers and staff in the Head Start program.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice.
A legislative package to end the government shutdown appears on track. A handful of Senate Democrats joined with Republicans to advance the bill after what's become a deepening disruption of federal programs and services. But hurdles remain. Senators are hopeful they can pass the package as soon as Monday and send it to the House. What’s in and out of the bipartisan deal has drawn criticism and leaves few senators fully satisfied. The legislation includes funding for SNAP food aid and other programs while ensuring backpay for furloughed federal workers. But it fails to fund expiring health care subsidies Democrats have been fighting for, pushing that debate off for a vote next month.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
