President Biden taps agencies to tackle rising costs of child care

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President Biden taps agencies to tackle rising costs of child care
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The Biden administration wants to require some companies seeking federal funds to provide child care services for workers.

President Joe Biden is calling on agencies throughout the federal government to tackle the rising cost of child care in America after his efforts to work with Congress on the issue have stalled.

The executive order directs agencies from Veterans Affairs to Health and Human Services, the Department of Labor and the Office of Personnel Management to undergo evaluations, as well as identify programs that would allow an expansion of benefits or reimbursements for child and long-term care. "That means federal agencies... will identify which programs can support child care and long-term care for workers who are delivering on these federal projects. Those agencies will then consider requiring or encouraging applicants seeking federal job creation funds to expand access to care for their workers," Susan Rice, domestic policy adviser in the Biden administration, explained on a briefing call.

According to an analysis by Lending Tree, U.S. families who pay for child care spend 17.8% of their income, on average, on it.

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