White House Competition Council Seeks Lower Consumer Prices

September 10, 2021

A new White House council on U.S. economic conditions plans to hold its first meeting Friday, with participants to highlight at least 18 actions taken to help consumers and potentially lower prices.

The council, an outgrowth of a July executive order by President Joe Biden, is aimed at refocusing the U.S. economy around the interests of consumers, workers and entrepreneurs. Details about the meeting were provided by two administration officials who spoke on condition of anonymity to preview the gathering.

The goal is to foster a more dynamic economy in which competition among companies leads to more transparency, greater choice and potential savings for customers. 

Biden's order has been criticized by some Republican lawmakers and business groups for its emphasis on regulation. The decision to convene the council in the Roosevelt Room carries a degree of symbolism: The room is named for the trust-busting President Theodore Roosevelt, a Republican.

Among the matters to be discussed by the council are a new report about airlines that wrongfully denied refunds to customers whose flights were changed or canceled; an inquiry into excessive fees charged by ocean carriers; and a nearly 20-fold increase in fines for hospitals that fail to disclose their prices to the public. 

Other issues include corporate mergers, landlords who prevent renters from shopping around for internet services and removing requirements by companies such as John Deere that stop independent repair shops from fixing broken tractors and other machines.

The council is led by Brian Deese, director of the White House National Economic Council. He was expected to ask each agency to come back to the council's next meeting with at least one new initiative. 

Deese previewed efforts to improve transparency in the food sector at a Wednesday briefing with Agriculture Secretary Tom Vilsack. 

The Biden administration is providing $500 million to help foster new competitors in food processing in order to counter the four companies that control the majority of the market for beef, poultry, and pork. It has also creating market reports for transparency in cattle markets, new rules on "Product of the USA" labeling and greater enforcement of the century-old Packers and Stockyards Act.

Other members of the council include the heads of eight Cabinet departments: Agriculture, Defense, Justice, Treasury, Transportation, Health and Human Services, Commerce and Labor. It also includes the leaders of seven independent agencies, including the Federal Trade Commission and the Federal Communications Commission, as well as the Securities and Exchange Commission and Commodity Futures Trading Commission.


NEW YORK (AP) — About 40% of small business owners think 2024 will be a “make or break” year for their business, according to a survey by messaging service Slack.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Fire Breaks Out at Apartment Building Near the Offices of TNH (Vid & Pics)

LONG ISLAND CITY, NY – A fire broke out in an apartment building about a block from the offices of The National Herald in Long Island City on February 21.

NEW YORK - Charles H. Dallara, the former Managing Director of the Institute of International Finance (IIF) and a central figure in the 2012 restructuring of Greece's debt, has penned what Nick Gage describes as a "riveting narrative" of those tumultuous times.

CULVER CITY, Calif — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers.

XINJIANG  - Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to the nation's top policing agency and other parts of its government — a trove that catalogs apparent hacking activity and tools to spy on both Chinese and foreigners.

WASHINGTON — Donald Trump's legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.