CBO Confirms Growth Gap
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, responded to today’s release of the Congressional Budget Office’s (CBO) The Budget and Economic Outlook: 2014 to 2014 and The Slow Recovery of the Labor Market:
Back-to-Back GDP Growth Encouraging
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, responded to today’s report by the Bureau of Analysis (BEA) that real gross domestic product (GDP) grew at an annual rate of 3.2% during the fourth quarter.
Federal Reserve Continues Limited Tapering
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today praised the decision by the Federal Reserve’s Federal Open Market Committee (FOMC) to continue tapering its large-scale asset purchase program by reducing its purchase of long-term Treasury securities by $5 billion and reducing...
Fed Tapers
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today praised the decision by the Federal Reserve’s Federal Open Market Committee (FOMC) to taper its large-scale asset purchase program. “It’s about time. The Fed has finally taken the first step toward restoring a normal m...
JEC Files Annual Joint Economic Report
Rep. Kevin Brady (R-TX), chairman of the Joint Economic Committee (JEC), upon filing the Committee’s annual Joint Economic Report for 2013, said the Obama recovery “remains disappointing and continues to shortchange Main Street and middle-class workers.”
“After More than Four Years of Recovery, Private Jobs Are Still Less Than When the Recession Began,” Brady Says
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today cited the Bureau of Labor Statistics (BLS) report showing that 203,000 nonfarm payroll jobs and 196,000 private payroll jobs were added in November as further evidence that the economy has a long way to grow until private secto...
As the Dow Closes Above 16,000, Wall Street Celebrates while the Middle Class Struggles
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today released the following statement as the Dow Jones Industrial Average closed at a record high of 16,010. “Wall Street is celebrating, but what about our middle-class families? In President Obama’s disappointing economic reco...
150th Anniversary of the Gettysburg Address
“Today marks the 150th anniversary of the Gettysburg Address. Amid today’s political battles over Obamacare, federal regulations, entitlement reform, and tax reform, let us keep in mind the principles that President Abraham Lincoln so elegantly advanced,” Brady said.
Labor Force Participation Rate Hits 35-Year Low
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today said that the Bureau of Labor Statistics (BLS) report that the economy added 204,000 nonfarm payroll jobs and 212,000 private sector jobs in October does not reveal all that is going on in the American economy.
Not in High Gear
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, responded to today’s report by the Bureau of Analysis (BEA) that real gross domestic product (GDP) grew at an annual rate of 2.8% during the third quarter.
