Table of Contents
What department is responsible for economic growth?
U.S. Department of the Treasury The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.
What is the Commerce Department responsible for?
United States
United States Department of Commerce/Jurisdiction
What is the name of the agency that helps guide our economy?
BEA is an independent, principal federal statistical agency that promotes a better understanding of the U.S. economy by providing timely, relevant, and accurate economic accounts data in an objective and cost-effective manner.
Who is in charge of economic development?
Economic Development Administration
| Agency overview | |
|---|---|
| Jurisdiction | Federal government of the United States |
| Headquarters | Herbert C. Hoover Building Washington, D.C. |
| Agency executive | Alejandra Y. Castillo, Assistant Secretary of Commerce for Economic Development |
| Parent agency | Department of Commerce |
How does immigration help the U.S.economy?
Additionally, according to the Partnership for a New American Economy, in 2011, foreign-born inventors were credited with contributing to more than 75 percent of patents issued to the top 10 patent-producing universities. Immigration boosts earnings for American workers.
What did Congress do to stimulate the economy?
Congress passed a $787 billion dollar economic stimulus bill in 2009 which included nearly $500 billion dollars worth of investments in different economic sectors and nearly $300 billion in tax cuts. The bill did have some effect on the United States economy but was not the job creator that it was expected to be.
Why does the government need to do more to create jobs?
This philosophy is rooted in the belief that the private sector alone creates jobs and government policy simply gets in the way. It doesn’t matter what the federal government does because the government cannot create jobs. Less regulations would foster a favorable pro-growth business environment and allow the private sector to create more jobs.