Economy

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As new data centers are being built across the U.S. to support the expansion of AI, a group of 20 federal lawmakers led by Rep. Kevin Mullin (CA-15), a member of the House Energy and Commerce Committee, are raising concerns about how increasing demands on the electrical grid could impact household energy bills. In letters to the Federal Energy Regulatory Commission, Edison Electric… Read more »

Today, Rep. Don Beyer joined Ranking Member of the Subcommittee on Nutrition and Foreign Agriculture, Congresswoman Jahana Hayes (CT-05), House Committee on Agriculture Ranking Member Angie Craig (MN-02), and 212 House Democrats in sending a letter to U.S. Department of Agriculture Secretary Brooke Rollins, to urge the agency to use contingency reserve dollars to fund the… Read more »

Congressman Don Beyer (D-VA) today led 21 U.S. Representatives representing districts within the PJM Interconnection service territory, the largest power grid operator in the United States, to demand that PJM take key steps to address skyrocketing energy bills for American households. The Members stressed that PJM must use current information and technologies, particularly on batteries… Read more »

This past Friday, Representatives Ro Khanna (CA-17) and Don Bacon (NE-02) were joined by Representatives Don Beyer (VA-08) and Maggie Goodlander (NH-02) to introduce the bipartisan “No Coffee Tax Act,” that will repeal the Trump administration’s tariffs on coffee and lower costs for consumers.  The U.S. is the largest importer of coffee in the world. Brazil, the top source… Read more »

Congressmen Steve Cohen (TN-9) and Don Beyer (VA-8) and Senator Ron Wyden of Oregon today introduced bicameral Billionaire Income Tax Act bills in an effort to establish a level of fairness in federal taxation and prevent millionaires and billionaires (and one prospective trillionaire) from avoiding significant liability. The measure would tax wealth gains as they occur. Congressman… Read more »

Congressman Don Beyer, who represents a Northern Virginia district with one of the highest concentrations of federal employees in the country, today shared an invitation to a constituent services event to be held on Saturday, September 20 from 9:00 a.m. to 1:00 p.m. The event will offer practical financial guidance tailored for current and former federal workers.… Read more »

Friday morning the Bureau of Labor Statistics issued the August jobs report, which found that employment in the United States “has shown little change since April.” The U.S. economy has averaged just 27,000 jobs added per month over the past four months, a sharp drop from previous years, amid a clear and dramatic slowdown caused by President Trump’s chaotic and destructive tariff… Read more »

Today the U.S. Bureau of Labor Statistics (BLS) issued its August jobs report, which was full of woeful news for the U.S. economy. The report found that the unemployment rate rose to 4.3 percent, the highest it has been since the pandemic, and the economy only added a scant 22,000 jobs. With all data in for June, the final jobs figure for that month with revisions shows that the… Read more »

The U.S. Bureau of Labor Statistics (BLS) today reported that the unemployment rate in Virginia rose again in July, to 3.6 percent, the seventh consecutive increase in the Commonwealth’s unemployment rate. Virginia’s 0.8 percent year-over-year unemployment rate increase is now the second fastest in the nation during that period, tied with Oregon and trailing only Mississippi. In the… Read more »