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A new report finds that the Export-Import Bank levels the global economic playing field for all U.S. businesses, returns money to the Treasury, and helps small firms obtain loans when they otherwise couldn’t get them from commercial banks.

The nation’s labor force participation rate has been declining for several years, in large part due to the retirement of baby boomers, Joint Economic Committee (JEC) Ranking Member Carolyn Maloney (D-N.Y.) said Wednesday.

"This jobs report underscores the fact that the economy is on solid footing but we are still well short of where we want to be six years into the recovery from the Great Recession. The good news is we have now seen 64 consecutive months of private-sector job growth, the unemployment rate continues to decline, and the long-term unemployment rate also has declined.”

Maloney on Ex-Im expiration: “Foreign competition is fierce and we should not be unilaterally disarming. The world’s largest exporters – including China and South Korea – all have export credit agencies helping their small businesses claim a larger share of the world market."

Joint Economic Committee (JEC) Ranking Democrat Carolyn Maloney (D-N.Y.) said Wednesday that new economic data from all 50 states shows that 38 states and the District of Columbia gained private sector jobs in May, while 48 states gained private sector jobs over the past 12 months.

The recent events in Baltimore are all too familiar to those of us who lived through the late 1960s, when riots broke out in major U.S. cities. President Lyndon Johnson appointed the Kerner Commission in 1967 to investigate the conditions that led to those events. When the commission's report was released in the next year it concluded that "our nation is moving toward two societies, one black, one white — separate and unequal."

Members of the Congressional Black Caucus (CBC) and the Joint Economic Committee (JEC) heard from academics, Baltimore clergy and community leaders Tuesday at a forum to discuss the vast disparities in economic conditions for African Americans and whites.

The American Dream on Hold: Public Forum to discuss Economic Challenges in the African American Community.
Tuesday, June 23, 2015, 9:30 a.m.-12 p.m., University of Baltimore, Maryland

Joint Economic Committee Democrats

Press Center

Jul 22 2015

JEC Report: Export-Import Bank Good for Small Businesses

Maloney Says Failure to Renew Bank is “Unilateral Economic Disarmament.”

Jul 15 2015

Opening Statement

Jul 15 2015

Republican Critique of Obama Recovery Misses Target

Labor Force Participation Decline Pre-Dates Obama, Driven by Other Factors

Jul 02 2015

Maloney Reacts to Monthly Jobs Report

Economy Adds 223,000 Nonfarm Jobs in June

Jul 01 2015

Maloney On Ex-Im Bank: U.S. Shouldn’t Disarm In The Battle For World Export Markets

Jun 25 2015

New JEC State-by-State Data Show that 38 States Gained Private Sector Jobs in May, 48 States Gain Over Past Year

Jun 24 2015

Op-ed: Overcoming Baltimore's Issues (The Baltimore Sun)

By G. K. Butterfield, Carolyn Maloney, Elijah E. Cummings

Jun 23 2015

estimony of William Darity Jr., Samuel DuBois Cook Professor of Public Policy, African and African American Studies, and Economics and the Director of the Samuel DuBois Cook Center on Social Equity at Duke University

Jun 23 2015

Forum Points to Why The American Dream is on Hold For Many in the African American Community

Vast Disparities in Employment, Wealth Compared to Whites

Jun 22 2015

The American Dream on Hold: Economic Challenges in the African American Community

Congressional Black Caucus and Joint Economic Committee Democrats Hold Public Forum and Press Conference in Baltimore Tuesday, June 23, 2015