Year in Review Economic Briefing, Council of Economic Advisers. December 19, 2013.
“The economy is finishing 2013 in a stronger place than where it began the year, though more work remains to grow the economy, create jobs, and strengthen the middle class. This is especially notable given the general fiscal environment, including the onset of the sequester in March, and the government shutdown and debt limit brinksmanship in October. The recent budget bill passed by Congress on a bipartisan basis will contribute to certainty, a better fiscal stance over the next year, and more funding for the critical ingredients of longer run growth. But more needs to be done, most immediately extending Unemployment Insurance benefits, and beyond that increasing investments to strengthen growth and making sure that growth is shared. The slides highlight the key themes and developments in the economy over the course of the year, and also touch on a few longer-term structural trends that continued to unfold in 2013 and will support growth into the future…”