The move comes one day after the Bureau of Economic Analysis announced a 2.4% growth in the economy during the second quarter of 2023.
President Joe Biden will sign an executive order aimed at promoting domestic manufacturing of new U.S. inventions.
The order aims to enhance the transparency of federal research and development initiatives, aligning them with the Biden administration's objectives for bolstering domestic manufacturing, and instructs agencies to consider U.S. national security and economic interests while evaluating the potential expansion of domestic manufacturing requirements, the White House explains.
The move comes one day after the U.S. Bureau of Economic Analysis announced a 2.4% growth in the economy during the second quarter of 2023, and the White House says that business investment surged by almost 8%, with factory construction making its most significant contribution to growth in the past four decades.
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