President Biden’s public schedule for 06/02/2023:
| 9:30 AM | In-Town Pool Call Time In-Town Pool |
| 1:45 PM | The President receives the Presidential Daily Briefing; The Vice President attends Oval Office Closed Press |
| 2:00 PM Press Briefing | Press Briefing by Press Secretary Karine Jean-Pierre James S. Brady Press Briefing Room |
| 7:00 PM Remarks | The President addresses the nation on averting default and the Bipartisan Budget Agreement Oval Office In-Town Pool |
| 8:10 PM Travel | The President departs the White House en route to Marine Barracks Washington, Washington, D.C. South Grounds In-Town Travel Pool |
| 8:45 PM Parade at Marine Barracks | The President attends the Friday Evening Parade at Marine Barracks Washington, Washington, D.C. In-Town Travel Pool |
Press Briefing:
Bipartisan Budget Agreement Tweets
From Thursday…
Show more =’s work is far from finished, but I look forward to signing this bill into law as soon as possible and addressing the American people directly tomorrow.
Measure Number: H.R. 3746 (A bill to provide for a responsible increase to the debt ceiling. )
Measure Title: A bill to provide for a responsible increase to the debt ceiling.
Vote Counts:
- YEAs 63
- NAYs 36
- Not Voting 1
36 NAYs =s’ 3 D’s, 1 I, and 32 R’s.
Not voting =’s Senator Bill Hagerty (R-TN).
President Biden’s full statement:
Tonight, Senators from both parties voted to protect the hard-earned economic progress we have made and prevent a first-ever default by the United States. Together, they demonstrated once more that America is a nation that pays its bills and meets its obligations—and always will be. I want to thank Leader Schumer and Leader McConnell for quickly passing the bill.
No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people.
It protects the core pillars of my Investing in America agenda that is creating good jobs across the country, fueling a resurgence in manufacturing, rebuilding our infrastructure, and advancing clean energy. It safeguards peoples’ health care and retirement security, protecting bedrock programs like Social Security, Medicare, and Medicaid. It protects vital investments in hardworking families that help make our country strong—from child care and education, to public safety and Meals on Wheels. It protects my student debt relief plan for hardworking borrowers. And it honors America’s sacred obligation to our veterans by fully funding veterans’ medical care.
Our work is far from finished, but this agreement is a critical step forward, and a reminder of what’s possible when we act in the best interests of our country. I look forward to signing this bill into law as soon as possible and addressing the American people directly tomorrow.
White House.gov. 06/01/2023.
President Biden’s address to the nation should/will appear in tonight’s Note.
Economy Tweets
From Thursday…
From Friday…
I won’t lie, this jobs report Friday caught me off guard as I swear I thought it was next Friday…
Snips from the report:
Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance.
[snip]
Among the major worker groups, the unemployment rates for adult women (3.3 percent) and Blacks (5.6 percent) rose in May. The jobless rates for adult men (3.5 percent), teenagers (10.3 percent), Whites (3.3 percent), Asians (2.9 percent), and Hispanics (4.0 percent) showed little change over the month. (See tables A-1, A-2, and A-3.)
[snip]
The change in total nonfarm payroll employment for March was revised up by 52,000, from +165,000 to +217,000, and the change for April was revised up by 41,000, from +253,000 to +294,000. With these revisions, employment in March and April combined is 93,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
BLS.gov. 06/02/2023.
President Biden’s full statement:
Today is a good day for the American economy and American workers. We learned this morning that the economy created 339,000 jobs last month. We have now created over 13 million jobs since I took office. That is more jobs in 28 months than any President has created in an entire 4-year term.
White House.gov. 06/02/2023.
We also learned that the unemployment rate has been under 4 percent for 16 months in a row. The last time our nation had such a long stretch of low unemployment was in the 1960s. And the share of working age Americans in the workforce is at its highest level in 16 years. Meanwhile the annual inflation rate has fallen for 10 months in a row, and it’s down more than 40 percent since last summer. During that time, take-home pay for workers has gone up, even after accounting for inflation.
In short, the Biden economic plan is working. And due to the historic action taken by Congress this week, my economic plan will continue to deliver good jobs for the American people in communities throughout the country. I look forward to signing the bipartisan budget agreement into law. The agreement protects our historic and hard-earned economic recovery, and all the progress that American workers have made in the last two years. And it protects key priorities and accomplishments from the last two years. Our work is far from finished, but this agreement is a reminder of what’s possible when we act in the best interests of our country.
This is an Open Thread.
