Repealing the Inflation Reduction Act would increase the deficit and increase Rx drug prices. It would also increase health insurance premiums – and raise taxes – for an est. 14.5M people.

The record jobs growth of the last two years isn’t just about recovering pandemic losses: We’re now 2.7M jobs above the pre-Covid payrolls peak. For comparison: at this point post-Great Recession, we were still 7.5M jobs *below* '07 levels. Morning Joe

New White House wage figures suggest labor-cost pressures are easing in the parts of the economy where the Federal Reserve is most concerned about inflation wsj.com/articles/new-w…

A New Wage Measure for Core Non-Housing Services whitehouse.gov/cea/written-ma…

Enjoyed speaking with Freakonomics and Secretary Gina Raimondo – Great discussion about this Administration’s work to invest in American infrastructure, innovation, and clean energy All while reducing the deficit

“White House officials said in a separate draft report that the two-year drop likely stems from their policies. Among the programs they say contributed to less debt was an expansion of the Obama-era healthcare law that added 4.2 million people with some form of health insurance.”

“If we step back, we have gotten to an important milestone,” says NEC Director @Brian_C_Deese in his exit interview. “For the first time in a long time, we can see the potential productivity benefits of our multiyear investments in infrastructure and research and development.”

"It's unfortunate that Congress didn't move forward [with permitting],” says NEC Director @Brian_C_Deese. "It needs to be a priority. We need comprehensive permitting reform to move at the scale and speed we need to build the clean energy economy and maintain energy security."

Good policy and good politics. Biden’s Plan to Limit ‘Junk Fees’ Has Overwhelming, Bipartisan Support morningconsult.com/2023/02/15/bid…

Some good perspective from BlueGreen Alliance on Treasury Department’s new advanced energy credit guidance: “The groundwork is being laid for an industrial & manuf. revitalization in our country, incl. in the places hardest hit by our energy transition & the loss of good manuf. jobs overseas”

"The available data suggests Biden actually is making good on his “bottom up, middle out” vision." washingtonpost.com/opinions/2023/…

ICYMI: Biden Boom Continues: Another Week of Massive Private Sector Investments in American Manufacturing - The White House whitehouse.gov/briefing-room/…

Another week with more commitments to invest in America. From Ford in Michigan to Texas Instruments in Utah to Boeing all across the country. These commitments will create jobs, increase supply chain resilience and bolster America’s industrial base.

This is a big, and important, step. ft.com/content/107d04…

Thank you Katy Tur Reports for having me on for my last walk down pebble beach. Enormous progress over the past two years, with a lot of important work ahead.

President Donald J. Trump called for action in SOTU, and today United is making the right move. Parents shouldn’t have to pay an extra fee to sit next to their young children. cnb.cx/41lxUTU

Today is my last day at Brian Deese Archived. I leave the White House humbled by what we have been able to accomplish over the last two years, and confident in the team moving forward. Time to finish the job! Starting tomorrow, you can find me at Brian Deese.

I want to thank my NEC team, incl Sameera Fazili David Kamin Bharat Ramamurti Aviva Aron-Dine Tim Wu Joelle Gamble Neale Mahoney Seth Harris Archived Alex Jacquez and many more who (wisely or unwisely) are not on here. Th most talented, fearless and diverse NEC in history.

My final thanks to @WHCOS Ronald Klain & the entire WH team. A team of extraordinary capability & integrity; that stuck together; kept a north star; & made history. I will be forever proud to call you my colleagues & friends. I'm rooting for you. On to Brian Deese going fwd

Excited to dig into the new economics of industrial strategies, clean energy and more. Collaborators and ideas welcome. news.mit.edu/2023/mit-welco…