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.
"New Mexico is at the highest risk of being exploited by private equity firms. From lowering the quality of health care to cutting wages for workers, these firms have prioritized lining the pockets of their executives over the interest of New Mexicans. That needs to end."
“The Fed has made clear it needs confirmation that inflation is tamed before cutting interest rates. Here it is. Inflation is cooling, gas prices are falling, and the job market is stable. But families across the country aren’t feeling the impact of this yet.
"The data is crystal clear: abortion bans strip women of their fundamental freedom to choose, put women’s lives at risk, and pose serious consequences for our economy. We can’t let that trend continue."
“The 41 consecutive months of job growth we’ve seen are delivering a strong, stable economy that families across the country can benefit from. In nearly every state, wages have outpaced inflation since 2021. We are on the right track, especially as we continue the work of further lowering costs."
The numbers do not lie: Democrats are putting money back into the pockets of families across the country,” said Chairman Martin Heinrich. “The economy is stable, grocery prices are falling, and wages are increasing. That’s not happening because of luck. It’s because we are enacting policies that lower costs and boost wages while ensuring our economy works for everyone."
Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), announced the release of the annual response to the Economic Report of the President. The JEC is required by law to submit findings and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA).
The numbers are clear: Democratic policies grow our economy. In New Mexico alone, new business applications were nearly twice as high in 2023 as they were in 2019 under the former president.
The Fed has made it clear that it isn't ready to lower interest rates. But unnecessarily high rates are holding back small business growth, hurting workers, and worsening the housing crisis. It is time for the Fed to lower interest rates before it causes irreparable harm to the U.S. economy.
“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.
