The order aims to use $600bn the federal government spends on procurement to boost domestic factories, officials said.President Joe Biden plans to sign on Monday an executive order that aims to boost government purchases from United States manufacturers, according to administration officials.
The US has shed roughly 540,000 factory jobs since last February as the coronavirus pandemic hurled the world’s largest economy into recession. The goal of the order would be to use the $600bn the federal government spends on procurement to boost domestic factories and hiring, said officials who insisted on anonymity to discuss the forthcoming announcement.
Biden’ …
