WASHINGTON — The Obama administration says it is on track to achieving its goal of doubling exports by 2015 and that it has the evidence to back it up — a new report to Congress showing significant increases in U.S. exports and the programs promoting them.
President Obama has said in two State of the Union speeches that he has a goal of doubling exports in the next five years, which would mean exports would need to grow to $3.14 trillion by 2015 from $1.57 trillion in 2009, when it was launched. It’s an ambitious plan, dubbed the National Export Initiative, particularly in an economic slowdown with companies cutting back on expansions, but the administration has developed a comprehensive, multiagency initiative it claims will accomplish the goal.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"