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 first quarter gross domestic product (GDP) contracting 1.4%.
Visit the JEC’s Macroeconomic Dashboard to view the latest economic data.
“Today’s headline GDP number is masking the… Read more »
Today, Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), delivered the following opening statement at a hearing entitled “Building on a Strong Foundation: Investments Today for a More Competitive Tomorrow.” Remarks are as prepared.
“Just over two years ago, the United States confirmed its first case of… Read more »
Today, the Joint Economic Committee (JEC) released a new analysis of wage data that shows workers saw their earnings rise 4.5% in 2021, the fastest pace of growth in almost four decades.
According to recent data, gains were particularly strong for job switchers and low-income workers. Despite inflation, many workers are seeing real wage gains, a reflection of strong consumer demand for… Read more »
Today, Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement in recognition of Earth Day.
“Today, on Earth Day, we recognize progress we’ve made to address climate change, and we recommit to investing in our planet to provide a safe and sustainable future. Climate change harms not only our health and well-being and our… Read more »
Today, Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the release of the 2022 Economic Report of the President (the Report), which is prepared and released each year by the Council of Economic Advisers (CEA). In response to the Report, the Joint Economic Committee is required by statute to submit findings and… Read more »
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 March Consumer Price Index rose 1.2% on a seasonally adjusted basis, up from February’s 0.8%. As the pace of broader inflation had begun to moderate, Russia’s unprovoked invasion of Ukraine has driven up food… Read more »
Virginia Governor Glenn Youngkin recently called a special session of the Virginia General Assembly, which convenes today. Lawmakers may consider consolidated legislation to establish a funding stream for the construction of a new Washington Commanders stadium in Northern Virginia in this or a subsequent session.
Rep. Don Beyer (D-VA) has worked with colleagues in the U.S. House of… Read more »
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 431,000 in March and the unemployment rate declined to 3.6%. The unemployment rate was 6.2% for Black workers, 4.2% for Hispanic workers, 2.8% for Asian workers… Read more »
Last night the U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 with overwhelming bipartisan support. The legislation (also known as SECURE 2.0) builds on the bipartisan House-passed SECURE Act of 2019 to help more Americans save for a financially-secure retirement by expanding coverage and increasing retirement savings.
The legislation just passed by the… Read more »
Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement following the release of President Biden’s proposed budget for fiscal year 2023.
“A budget is an expression of priorities and values, and today, President Biden released a fiscally responsible budget that centers investments in workers and families to drive… Read more »
