Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Economic Analysis (BEA) reported its initial estimate of gross domestic product (GDP) growth of 5.7% for 2021 and 6.9% for the fourth quarter.
Today, JEC Chairman Don Beyer (D-VA), Senator Reverend Raphael Warnock (D-GA), House Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) and Congresswoman Carolyn Bourdeaux (D-GA) highlighted the critical need to address the Medicaid coverage gap, which is the result of Republican state officials’ refusal to accept generous federal funding to expand their state Medicaid programs.
Jan 14 2022
JEC Chair Beyer Applauds Fed Board Nominations of Sarah Bloom Raskin, Lisa Cook, Philip Jefferson
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after President Joe Biden announced new nominations to the Board of Governors of the Federal Reserve.
Jan 12 2022
JEC Chairman Beyer on December CPI Data
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported the December Consumer Price Index rose 0.5 percent on a seasonally adjusted basis, a slower pace than in November (0.8 percent). Over the last 12 months, inflation has risen 7.0 percent, not seasonally adjusted. The index for gas prices, a major contributor to recent inflation numbers, went down by 0.5 percent in December.
Jan 07 2022
Chairman Don Beyer on December Jobs Report
Today, Congressman Don Beyer (D-VA), 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 199,000 in December and the unemployment rate declined to 3.9%, a new pandemic-era low. The unemployment rate was 7.1% for Black workers, 4.9% for Hispanic workers and 3.8% for Asian workers.
Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the need to pass the Build Back Better Act.
Dec 14 2021 - Dec 15 2021
JEC Chair Beyer Floor Remarks on Legislation to Increase the Debt Limit
Representative Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee, led the floor debate for House Democrats on legislation to increase the debt limit. Below are his remarks as prepared.
Dec 14 2021
Joint Economic Committee Releases New Report Highlighting Immediate Impact of Expanded Child Tax Credit
Today, the Joint Economic Committee released a new report highlighting how six months of advance Child Tax Credit (CTC) payments, included in President Biden’s American Rescue Plan, have dramatically reduced childhood poverty and improved family finances. The expansion of the CTC is expected to reduce childhood poverty by 40% and lift 4 million children out of poverty.
Dec 08 2021
Beyer Statement On FSC Digital Asset Hearing
Rep. Don Beyer (D-VA), the Chairman of Congress’ Joint Economic Committee and author of the Digital Asset Market Structure and Investor Protection Act today issued the following statement as the House Financial Services Committee held a hearing on digital assets:
Dec 07 2021
Joint Economic Committee Releases New Report Detailing “Catastrophic” Cost of Inaction on Climate Change
The Joint Economic Committee released a new report detailing the devastating consequences for families, communities and businesses of failing to act on climate change. Unchecked, the economic and social costs of climate change will continue to compound, harming working families through reduced wages, property loss, and worse health outcomes. In 2020 alone, extreme weather events and climate disasters cost the United States over $100 billion.
