Biden’s Supply Chain Executive Order Doesn’t Boost the Defense Industrial Base And That’s OK
Mar 4th, 2021 4 min read
COMMENTARY BY
Research Assistant, Center for National Defense
Maiya is a research assistant in The Heritage Foundation’s Center for National Defense, focusing on defense industrial base issues. U.S. President Joe Biden signs an executive order on securing critical supply chains, in the State Dining Room of the White House in Washington, D.C., February 24, 2021. SAUL LOEB / AFP / Getty Images
Key Takeaways
President Joe Biden signed a far-reaching executive order calling for supply chain reviews across many economic sectors deemed strategically significant.
Delivery of Nuclear Submarine Montana (SSN 794) to U S Navy in Late 2021 defenseworld.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenseworld.net Daily Mail and Mail on Sunday newspapers.
U.S. Jobless Claims Hold Nearly Steady 2nd Update
03/04/2021 | 01:36pm EDT
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By Hannah Lang Filings for unemployment benefits in the latter half of February reached their lowest level in nearly three months amid signs of slow labor-market improvement. The Labor Department said jobless claims, a proxy for layoffs, rose slightly to 745,000 for the week ended Feb. 27, from a revised 736,000 the prior week. The four week moving-average, which smooths out week-to-week volatility in claims numbers, was just under 800,000, its lowest level since early December. Despite the easing, worker filings for jobless benefits have remained elevated since the pandemic hit last March, holding above a pre-pandemic peak of 695,000.