Treasury Releases New Analysis Showing Historically Strong U.S. Business Investment in the Post-COVID Expansion

WASHINGTON — Today, the U.S. Department of the Treasury’s Office Economic Policy released an analysis that shows American businesses are doing well not simply because their earnings are high, but because they are investing those earnings productively. The Biden Administration has made creating favorable conditions for business investment a critical competent of the post-COVID economic agenda. The CHIPS & Science Act and Inflation Reduction Act explicitly encourage private investment, while other Administration efforts increase competition and reduce barriers to entry for new firms. Business investment strengthens our economy’s long-run productivity while creating space for higher-quality jobs.This analysis comes before Secretary Yellen’s remarks to the Economic Club of New York on Thursday, June 14, where she’ll discuss President Biden’s Investing in America Agenda and the ways the Administration is partnering with the private sector to spur growth across the country.Highlights from the analysis:American business investment is outperforming expectations in the post-pandemic expansion; businesses have invested