Good news: Our economy is still growing.
According to a new report from the Bureau of Economic Analysis today, U.S. gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2014. The report affirms that second-quarter economic growth was strong — consistent with the recent string of solid job growth and improvements across other economic indicators.
But we still have to do more to build on this momentum. That’s why the President is continuing to act on his own to encourage investment in American manufacturing, energy, and infrastructure, and to help improve the financial security of our nation’s working families.