Economy

JEC Chairman Beyer on December CPI data

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Tags: Economy

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...

Chair Beyer on December Jobs Report

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Tags: Economy

Washington, D.C.—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 Hispani...

Beyer Statement On FSC Digital Asset Hearing

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Tags: Economy

December 8, 2021 (Washington, D.C.) – 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: “I commend Chair Waters and the House Financial Services Committee for their work on digital asset...

JEC Chairman Beyer on November Jobs Report

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Tags: Economy

Washington, DC—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 210,000 in November and the unemployment rate declined to 4.2%, a new pandemic-era low. The unemployment rate was 6.7% for Black workers, 5.2% for Hispanic ...

JEC Chair Beyer Statement on Federal Reserve Nominations

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Tags: Economy

WASHINGTON, D.C.—Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on President Joe Biden’s nominations to the Federal Reserve: “Over the last 20 months, the United States has weathered a global pandemic that triggered the worst recession since the Great Depression, causing widespread economic hardship and threatenin...

JEC Chairman Beyer on House Passage of the Build Back Better Act

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Tags: Economy

Washington, D.C.—Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the House passed the Build Back Better Act (H.R. 5376). “Today’s passage of the Build Back Better Act in the House is a landmark moment for this country. These fully paid-for investments will deliver economy-wide gains for decades to come, advan...

Beyer Floor Remarks On Build Back Better Act

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Tags: Economy

November 18, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who serves as Chair of Congress’ Joint Economic Committee and as a member of the House Committee on Ways and Means, spoke this afternoon during House Floor debate on the Build Back Better Act. His remarks as delivered follow below [video with subtitles here]: “Mr. Speaker, I rise to urge my colleagues to support the Build Back Better Ac...

House Passes Historic Infrastructure Legislation

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On the evening of November 5 the House of Representatives passed the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Bill. Passage of this historic legislation containing the largest physical infrastructure investment in decades is a major win for the country, and will create large numbers of jobs and deliver significant improvements for communities across the c...

JEC Chairman Beyer on October Jobs Report

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Tags: Economy

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 531,000 in October and the unemployment rate declined to 4.6%, a new pandemic-era low. The unemployment rate was 7.9% for Black workers, 5.9% for Hispanic workers and 4.2%...

Beyer Hails Build Back Better Framework

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Tags: Economy

October 29, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who serves as Chair of Congress’ Joint Economic Committee, issued the following statement on President Biden’s framework for the Build Back Better Act: “The climate provisions of the Build Back Better Act alone make it one of the most important pieces of legislation Congress will consider in our time. “That the President has been able to...