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.
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 12 2024
PREPARED REMARKS: Chairman Heinrich Leads JEC Hearing on Boom in Manufacturing Investment
Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), today led the committee in a hearing titled, “Made in America: The Boom in U.S. Manufacturing Investment”.
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.
Flooding — which has gotten increasingly severe in an era of extreme weather — costs the U.S. economy an estimated $179.8 to $496 billion per year in 2023 dollars, according to new data from Democrats on the Senate Joint Economic Committee.
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.