Skip to Content

Economy

Speier, Blumenauer, Beyer Introduce Bill to End Tax-Free Status of Stadium Bonds for Professional Sports Stadiums

| Posted in Press Releases
Tags: Economy

Today, Congresswoman Jackie Speier (D-CA), co-chair of the Democratic Women’s Caucus and member of the Oversight Committee; Congressman Earl Blumenauer (D-OR), member of the Ways and Means Committee; and Congressman Don Beyer (D-VA), Chairman of the Joint Economic Committee, co-led the introduction of the No Tax Subsidies for Stadiums Act of 2022, which would end the tax-exempt status of…

Chairman Beyer on January Jobs Day Data: “Today’s data blew expectations out of the water”

| Posted in Press Releases

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 467,000 in January and the unemployment rate was steady at 4.0%. The unemployment rate was 6.9% for Black workers, 4.9% for Hispanic workers, 3.6% for Asian…

Chairman Beyer on House Passage of America COMPETES Act

| Posted in Press Releases

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 America COMPETES Act (H.R. 4521). The Senate’s companion bill, the U.S. Innovation and Competition Act, passed with overwhelming bipartisan support in June 2021. “Manufacturing has long been a core strength of the American economy,…

Chairman Beyer on today’s GDP release: “Higher-than-expected fourth quarter GDP growth caps off a year of record-breaking economic gains”

| Posted in Press Releases
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 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. Visit the JEC’s Macroeconomic Dashboard to view the latest economic…

JEC Chairman Beyer on December CPI data

| Posted in Press Releases
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…

Chair Beyer on December Jobs Report

| Posted in Press Releases
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%…

Beyer Statement On FSC Digital Asset Hearing

| Posted in Press Releases
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…

JEC Chairman Beyer on November Jobs Report

| Posted in Press Releases
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…

JEC Chair Beyer Statement on Federal Reserve Nominations

| Posted in Press Releases
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…

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

| Posted in Press Releases
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…