In Tribute to Margaret Thatcher
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today released the following statement: “I am saddened,” Brady said, “at the passing of former British Prime Minister Margaret Thatcher.” "Mrs. Thatcher, as she liked to be called, brought Britain back from the brink of financial r...
Growth Gap Widens on Dismaying Jobs Report
The Bureau of Labor Statistics today reported that in March the economy added 95,000 private sector payroll jobs and the unemployment rate edged down to 7.6%. U.S. Representative Kevin Brady (R-TX), Chairman of the Joint Economic Committee, said “America's troubling growth gap continues to widen, w...
Extraordinary Monetary Policy Cannot Close The Growth Gap
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, today criticized the Federal Reserve’s decision to continue its policy of “quantitative easing.” “Further quantitative easing by the Fed won’t close America’s troubling growth gap, nor will it lower unemployment. Why the Fed contin...
One Step Forward, Two Steps Back
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, said the following about the annual Economic Report of the President, released today by the Council of Economic Advisers: “The good news is that the Economic Report takes one step forward by acknowledging the ‘Growth Gap’ between thi...
An Economy Built to Last… on Food Stamps?
As the February jobs numbers were released, U.S. Representative Kevin Brady (R-TX), Chairman of the Joint Economic Committee of Congress, challenged President Obama’s re-election claim of ‘an economy built to last’. The Bureau of Labor Statistics’ (BLS) reported today that the economy added 246,000...
State of the U.S. Economy: Why Has Economic Growth & Job Creation Lagged? What Should Congress Do to Boost Them?
Rep. Kevin Brady (R-TX), incoming Chairman of the Joint Economic Committee, will preside over a hearing focusing on the state of the U.S. economy, lagging economic growth and job creation, and recommendations to accelerate both. The hearing will be held Thursday, February 28th at 10:00 a.m. in room...
Brady Welcomes New and Returning Members to the Joint Economic Committee
Representative Kevin Brady (R-TX), incoming Chairman of the Joint Economic Committee, today welcomed new and returning Senators and Representatives to the Committee.
Obama’s "New Normal": Tepid January Jobs Report, High Unemployment Continues
Rep. Kevin Brady (R-TX), incoming Chairman of the Joint Economic Committee, said context is needed in today’s Bureau of Labor Statistics’ (BLS) report that the economy added 166,000 private sector payroll jobs in January and the unemployment rate rose to 7.9%. “This is Obama’s new normal: a run-in...
Look Behind the Fourth Quarter Numbers
U.S. Representative Kevin Brady (R-TX), the Chairman-designate of the Joint Economic Committee, released the following statement on the new economic data which shows America’s economy shrank for the first time in three and a half years: "This stunning contraction can’t be blamed simply on defense...
Brady Disputes Short Term Debt Limit Extension Will Raise U.S. Borrowing Costs
Rep. Kevin Brady (R-TX), incoming Chairman of the Joint Economic Committee and a senior member of the House Ways and Means Committee, took issue with the claim made by Rep. Sander Levin, ranking member of the House Ways and Means Committee, that “The Treasury was forced to spend $1.3 billion more in...
