Producer Price Index News Release summary

Transmission of material in this release is embargoed until 8:30 a.m. (ET) Thursday, September 12, 2024

PRODUCER PRICE INDEXES - AUGUST 2024

The Producer Price Index for final demand increased 0.2 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in July and rose 0.2 percent in June. (See table A.) On an unadjusted basis, the index for final demand advanced 1.7 percent for the 12 months ended in August.

The August rise in the index for final demand can be traced to a 0.4-percent increase in prices for final demand services. The index for final demand goods was unchanged.

Prices for final demand less foods, energy, and trade services advanced 0.3 percent in August, the same as in July. For the 12 months ended in August, the index for final demand less foods, energy, and trade services moved up 3.3 percent.

https://www.bls.gov/news.release/ppi.nr0.htm

9:30 AM EDT

House Democrats News Conference on Abortion Care Resolution

Democratic Whip Clark (MA) and other House Democrats speak with reporters about an abortion care resolution.

https://www.c-span.org/video/?538351-1/house-democrats-news-conference-abortion-care-resolution

9:30 AM EDT

Hearings to Examine the Nominations of Lieutenant General Steven S. Nordhaus, USAF, To Be General and Chief of the National Guard Bureau, and Vice Admiral Alvin Holsey, USN, to Be Admiral and Commander, United States Southern Command, Both of the Department of Defense

Senate Armed Services Committee

https://www.congress.gov/event/118th-congress/senate-event/336169

https://www.armed-services.senate.gov/hearings

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A Senate Armed Services Committee hearing at 9:30 a.m. EDT considers the nominations of Air Force Lt. Gen. Steven S. Nordhaus to be general, and chief, National Guard Bureau; and Navy Vice Adm. Alvin Holsey to be admiral, and commander, U.S. Southern Command, Hart Senate Office Building, Washington, D.C. The hearing will be livestreamed on Defense.gov and broadcast on Channel 2 in the Pentagon.

Department of Defense

https://www.defense.gov/News/Live-Events/

https://www.defense.gov/News/Today-in-DOD/Date/2024-09-12/

https://www.dvidshub.net/webcast/35121

9:35 AM EDT

Navy Recruit Training Command Graduation

Navy boot camp graduation from Recruit Training Command, Great Lakes, Illinois. Feed begins at 9:45 a.m. EDT.

https://www.dvidshub.net/webcast/35047

10:00 AM EDT

House Minority Leader Weekly Briefing

House Democratic Leader Hakeem Jeffries (NY) briefs reporters and responds to questions his party’s legislative agenda.

https://www.c-span.org/video/?538354-1/house-minority-leader-weekly-briefing

10:00 AM EDT

U.S. Senate: Senate Session

The Senate will continue debate on U.S. District Court and Circuit nominations.

https://www.c-span.org/video/?538331-1/senate-session

10:00 AM EDT

Examining the Bankruptcy of Steward Health Care: How Management Decisions Have Impacted Patient Care

Senate Health, Education, Labor, and Pensions Committee

^

WITNESSES:

PANEL 1

Dr. Ralph de la Torre

Chief Executive Officer

Steward Health Care System

Dallas, TX

^

PANEL 2

Ellen MacInnis, R.N.

Nurse at St. Elizabeth’s Medical Center

Boston, MA

^

Audra Sprague, R.N.

Former Nurse at Nashoba Valley Medical Center

Lunenburg, MA

^

Rep. Michael Charles Echols

Louisiana House of Representatives

Monroe, LA

^

Mayor Staci Albritton Mitchell

West Monroe, LA

^

https://www.congress.gov/event/118th-congress/senate-event/336166

https://www.help.senate.gov/hearings/examining-the-bankruptcy-of-steward-health-care-how-management-decisions-have-impacted-patient-care

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Senate Hearing on Steward Health Care Bankruptcy

The Senate Health, Education, Labor and Pensions Committee holds a hearing on the bankruptcy of Steward Health Care System. Steward Health, which filed for bankruptcy protection in May, operates 30 hospitals nationwide.

https://www.c-span.org/video/?538343-1/senate-hearing-steward-health-care-bankruptcy

10:00 AM EDT

Full Committee Hearing to Examine the Department of Energy’s Role in Advanced Computing Research

Senate Energy and Natural Resources Committee

^

WITNESSES:

Ms. Helena Fu

Director

US Department of Energy Office of Critical and Emerging Technologies

^

Dr. Shaun Gleason

Director of Science-Security Initiative Integration

Oak Ridge National Laboratory Office of the Laboratory Director

^

Dr. Divyansh Kaushik

Senior Fellow

American Policy Ventures

^

https://www.congress.gov/event/118th-congress/senate-event/336162

https://www.energy.senate.gov/hearings/2024/9/full-committee-hearing-to-examine-the-d

https://www.youtube.com/watch?v=NrfTfqAJ7YQ

10:00 AM EDT

Protecting Americans’ Money: Combatting Scams and Frauds Against Seniors and Savers

Senate Banking, Housing, and Urban Affairs Committee

^

WITNESSES:

Ms. Amy Nofziger

Director of Fraud Victim Support

AARP Fraud Watch Network

^

Ms. Carri Grube Lybarker

Administrator and Consumer Advocate

South Carolina Department of Consumer Affairs

^

Ms. Sheryl Harris

Director of Consumer Affairs

Cuyahoga County, Ohio

^

https://www.congress.gov/event/118th-congress/senate-event/336168

https://www.banking.senate.gov/hearings/protecting-americans-money-combatting-scams-and-frauds-against-seniors-and-savers

10:00 AM EDT

The 2025 Tax Policy Debate and Tax Avoidance Strategies

Senate Finance Committee

^

WITNESSES:

Indivar Dutta-Gupta

Doris Duke Distinguished Visiting Fellow at the McCourt School of Public Policy at Georgetown University and Roosevelt Institute Tax Fellow

Washington, DC

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Bob Lord

Senior Advisor on Tax Policy

Patriotic Millionaires

Washington, DC

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Jeff Brabant

Vice President, Federal Government Relations

National Federation of Independent Business

Washington, DC

^

Daniel Bunn

President and CEO

Tax Foundation

Washington, DC

^

https://www.congress.gov/event/118th-congress/senate-event/336170

https://www.finance.senate.gov/hearings/the-2025-tax-policy-debate-and-tax-avoidance-strategies

10:00 AM EDT

The President receives the President's Daily Brief

Official Schedule

https://rollcall.com/factbase/biden/calendar/

10:30 AM EDT

Ground Forces and Great Powers: A Conversation with U.S. Army Secretary Christine Wormuth

The Henry L. Stimson Center

https://www.stimson.org/event/a-conversation-with-u-s-army-secretary-christine-wormuth/

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Secretary of the Army Christine Wormuth provides remarks at 10:30 a.m. EDT at an in-person and virtual Stimson Center "Ground Forces and Great Powers" event, 1211 Connecticut Ave. NW, Washington, D.C. Register at stimson.org.

Department of Defense

https://www.defense.gov/News/Today-in-DOD/Date/2024-09-12/

10:30 AM EDT

Anti-NGO Laws and Other Tools of Democratic Repression

Senate Foreign Relations Committee

^

WITNESSES:

Mr. Douglas Rutzen

President and Chief Executive Officer

International Center for Not-For-Profit Law

Washington, D.C.

^

Ms. Yaqiu Wang

Research Director for China, Hong Kong, and Taiwan

Freedom House

Washington, D.C.

^

Ms. Eka Gigauri

Executive Director

Transparency International Georgia

Tbilisi, Georgia

^

https://www.congress.gov/event/118th-congress/senate-event/336167

https://www.foreign.senate.gov/hearings/anti-ngo-laws-and-other-tools-of-democratic-repression

11:30 AM EDT

Attorney General Garland Addresses Justice Department Workforce

Attorney General Garland delivers remarks to Justice Department employees.

https://www.c-span.org/video/?538352-1/attorney-general-garland-addresses-justice-department-workforce

12:00 PM EDT

Daily Press Briefing by the Spokesperson of the Secretary-General and the Spokesperson for the President of the General Assembly

United Nations

https://webtv.un.org/en/asset/k1q/k1qpidmclu

>>21576874

>>21576920

>Some Boeing machinists preparing for strike over proposed labor contract as soon as Friday

17,000 AT&T workers have been on strike for three weeks : NPR

https://www.npr.org/2024/09/05/g-s1-21081/at-t-cwa-southern-states-telecom-strike-collective-bargaining

Hotel workers strike in Boston, San Diego, New Haven, Conn.

Sep. 12, 2024

https://ny1.com/nyc/all-boroughs/business/2024/09/12/hotel-workers-strike-in-boston–san-diego

NRF | Port labor strike gets closer to reality

September 10, 2024

https://nrf.com/blog/port-labor-strike-gets-closer-reality

SamTrans Labor Fight Could Be Heading Toward a Strike | KQED

September 6, 2024

https://www.kqed.org/news/12003504/samtrans-labor-fight-could-be-heading-toward-a-strike

Labor negotiations remain at standstill after UB physicians’ four-day strike - The Spectrum

September 10, 2024

https://www.ubspectrum.com/article/2024/09/labor-negotiations-standstill-after-ub-physicians-four-day-strike

ILA rolls out strike mobilization plan | Supply Chain Dive

September 6, 2024

https://www.supplychaindive.com/news/ila-usmx-labor-port-strike-mobilization-plan-october-1/726201/

Strike looms over Port of Baltimore as wage negotiations reach crisis point - CBS Baltimore

September 6, 2024

https://www.cbsnews.com/baltimore/news/strike-looms-over-port-of-baltimore-wage-negotiations-reach-crisis-point/

BorgWarner Workers Set to Strike as Contract Expires on Sunday, September 8 | Ithaca | ithaca.com

Sep 7, 2024

https://www.ithaca.com/news/ithaca/borgwarner-workers-set-to-strike-as-contract-expires-on-sunday-september-8/article_de2a3b96-6d2b-11ef-b7f3-5beab7a68e7f.html

Europe's travel strikes: Flight and train disruption you can expect in September | Euronews

12/09/2024

https://www.euronews.com/travel/2024/09/12/europes-summer-travel-strikes-when-where-and-what-disruption-you-can-expect-in-august

Possibility of Labor Strike Drives Up Imports Ahead of Holiday Season, Report Says - Gifts & Decorative Accessories

September 10, 2024

https://www.giftsanddec.com/supply-chain/possibility-of-labor-strike-drives-up-imports-ahead-of-holiday-season-report-says/

Law360 editorial workers go on strike - Talking Biz News

September 10, 2024

https://talkingbiznews.com/media-news/law360-editorial-workers-go-on-strike/

United Flight Attendants Authorize a Strike: Negotiations stalled over pay for last-minute overtime - News - The Austin Chronicle

Fri., Sept. 6, 2024

https://www.austinchronicle.com/news/2024-09-06/united-flight-attendants-authorize-a-strike/

Biden-Harris Administration Announces $40 Million to Support a Domestic Solar Supply Chain

September 12, 2024

Funding from the Investing in America Agenda will Boost Solar Manufacturing, Increase PV Recycling, and Help Develop New Markets for Solar Technologies

WASHINGTON, D.C. – As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced $40 million in investments across the solar energy supply chain, including the selection of four projects to improve the lifecycle of photovoltaic (PV) solar systems. The selected projects will maximize the environmental benefit of solar energy technologies by increasing system lifetime and work to facilitate material recovery once the system is decommissioned. DOE also launched a prize program that will open new markets for solar energy system equipment, announced winners in the American-Made Solar Prize Round 7, and issued a notice of intent for up to $20 million to advance solar manufacturing. These investments will support the Biden-Harris Administration’s efforts to boost domestic manufacturing and competitiveness while reducing waste and improving sustainability of solar technologies.

https://www.energy.gov/articles/biden-harris-administration-announces-40-million-support-domestic-solar-supply-chain-0

>>21577013

Centers for Medicare & Medicaid Services CMS Approves New Hampshire’s Request to Provide Essential Behavioral Health Services Through Mobile Crisis Intervention Teams

Sep 12, 2024

Thanks to the Biden-Harris American Rescue Plan, twenty states are now providing these critical services to individuals experiencing mental health or substance use disorders

The Centers for Medicare & Medicaid Services (CMS), an agency of the U.S. Department of Health and Human Services (HHS), approved New Hampshire’s Medicaid State Plan Amendment for community-based mobile crisis intervention teams to provide services for people experiencing a mental health or substance use disorder crisis. New Hampshire is now able to connect Medicaid-eligible individuals in crisis to a behavioral health provider 24 hours per day, 365 days a year. Importantly, this approval marks 20 states and the District of Columbia that have expanded access to community-based mental health and substance use services under a new Medicaid option created by the Biden-Harris American Rescue Plan.

https://www.cms.gov/newsroom/press-releases/cms-approves-new-hampshires-request-provide-essential-behavioral-health-services-through-mobile