Joint Statement of Janet L. Yellen, Secretary of the Treasury, and Shalanda D. Young, Director of the Office of Management and Budget, on Budget Results for Fiscal Year 2024

WASHINGTON – U.S. Secretary of the Treasury Janet L. Yellen and Office of Management and Budget (OMB) Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2024. Under the leadership of President Biden and Vice President Harris, our economy has created over 16 million jobs, unemployment remains the lowest on average of any Administration in 50 years, and workers’ income have increased by nearly $4,000, after adjusting for inflation. As a result of this leadership, we’ve achieved a recovery few thought possible with inflation back down close to pre-pandemic levels and the economy remaining strong.