The Federal Reserve announced it would cut interest rates for the first time in four years. It lowered rates by half of a percentage point. U.S. Congress Joint Economic Committee Chairman Sen. Martin Heinrich, D-New Mexico, issued a statement following the rate cut.
Democrats in Congress applauded the Fed’s decision to slash interest rates by half a percentage point, calling it a “big win for families.”
Aug 27 2024
Common Dreams: JEC Report Details 'Radical' Project 2025 Plan to Crush Climate, Education, and Healthcare
The Joint Economic Committee (JEC) Democrats' publication is just two pages, but it highlights attacks on healthcare, education, and the climate found throughout the "radical" policy agenda for the next Republican president, which is over 900 pages long.
After more than two years of being politically battered over soaring prices, Wednesday’s inflation report left many Democrats feeling victorious.
Meanwhile, the frequency and severity of power outages are increasing, in part due to extreme weather, according to the Congressional Joint Economic Committee.
An economic analysis of the far-right Project 2025 agenda crafted by at least 140 former Trump administration officials shows that the plan would result in higher taxes on working-class Americans and "corporate welfare" for the rich and large businesses.
New Mexico is the most vulnerable U.S. state in terms of susceptibility to predatory investment practices. That’s one of the conclusions of a report released this morning by the Joint Economic Committee, which is chaired by New Mexico senator Martin Heinrich.
“Today’s release was welcome news that inflation is cooling, and data last week showed a stable and strong job market. Now it’s time to make sure the benefit of that is reaching American families,” Senator Martin Heinrich of New Mexico, a Democrat and the chair of the Joint Economic Committee, said in a release.
Jun 12 2024
Yahoo Finance: A cooler inflation number amplifies the political pressure on Jerome Powel
A new wave of political pressure greeted Fed Chair Jerome Powell as he and his colleagues gathered in Washington this week to discuss the direction of interest rates, and a cooler-than-expected inflation readingWednesday amplified that scrutiny.
Jun 10 2024
Washington Examiner: Flooding costs US nearly half a trillion dollars a year, Democratic report finds
Flooding has gotten worse as temperatures rise, and it’s becoming more expensive to deal with, according to a new report from Democrats on the Joint Economic Committee. The analysis estimates the total cost of flooding in the U.S. to be between $179.8 and $496 billion each year.
