Skip to main content

Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

Press Center

Jun 10 2024

NewsNation: Flooding costs US billions of dollars per year

Parts of the U.S. have seen an increase in severe weather, including flooding, which cost the economy between $179.8 and $496 billion per year in 2023 dollars, according to new data from Democrats on the Senate Joint Economic Committee.

Jun 10 2024

NEW REPORT: Flooding Costs the U.S. Between $179.8 and $496.0 Billion Annually

"Communities in New Mexico and across the country feel the economic impacts of flooding directly. This report helps quantify the magnitude of that impact and the urgent need for climate mitigation and resilience efforts to help reduce it. Democrats have made vital investments to strengthen our infrastructure and lessen climate-exacerbated disasters, but more action is needed still.”

May 15 2024

JEC Chairman Heinrich on April CPI Data

Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.3% in April, lower than the March reading. Data also show that annual prices grew 3.4% over the last year, slightly lower than the 3.5% reading in March.

May 03 2024

JEC Chairman Heinrich on April Jobs Report

Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 175,000 in April and the unemployment rate ticked up to 3.9%. The unemployment rate was 5.6% for Black workers, 4.8% for Hispanic workers, 3.5% for white workers, 2.8% for Asian workers, and 4.7% (not seasonally adjusted) for American Indian and Alaska Native workers.