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Biden Signs ‘Buy American’ Order, Pledges to Renew U.S. Manufacturing
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.jpg) Jan. 26, 2021 | ECONOMY | President Joe Biden vowed on Monday to leverage the purchasing power of the U.S. government, the world’s biggest single buyer of goods and services, to strengthen domestic manufacturing and create markets for new technologies. The Democratic president signed an executive order aimed at closing loopholes in existing “Buy American” provisions, which apply to about a third of the $600 billion in goods and services the federal government buys each year. The order will make any waivers more transparent and create a senior White House role to oversee the process… Reuters Related: Teamster Union applauds President Biden’s efforts to reform and strengthen Buy American policies.
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