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Economy

Beyer on UI Claims: Congress Needs to Tie Ongoing Support to Economic Conditions

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), the Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Department of Labor reported that first-time unemployment claims for the week ending April 4 reached 6.6 million. This means that nearly 17 million Americans have lost their jobs in the last three weeks as a result of the economic impact of…

Beyer to Mnuchin: Small Businesses are Frustrated, Provide Clear Paycheck Protection Program Guidance

| Posted in Press Releases

Today, in a letter to Treasury Secretary Steven Mnuchin, Congressman Don Beyer (D-VA), the Vice Chair of the U.S. Congress Joint Economic Committee, urged the Trump cabinet official to facilitate swift and successful implementation of the Paycheck Protection Program (PPP) by providing clear guidance to small businesses and lenders. A key element of Congress’s third legislative response…

Members Of Virginia Delegation Urge Treasury To Provide Commonwealth Flexibility To Use Federal COVID-19 Funds, Help Prevent Cuts To Vital Services

| Posted in Press Releases

Today, U.S. Senators Mark R. Warner and Tim Kaine, as well as Representatives Bobby Scott, Gerry Connolly, Don Beyer, A. Donald McEachin, Elaine Luria, Abigail Spanberger, and Jennifer Wexton sent a letter urging Treasury Secretary Steven Mnuchin to provide Virginia maximum flexibility to use funding from the coronavirus economic relief package to help address budget shortfalls and…

Northern Virginia Representatives Urge Lenders To Help Small Businesses In Face Of Chaotic Rollout Of National Assistance Program

| Posted in Press Releases

U.S. Representatives Don Beyer (D-VA), Jennifer Wexton (D-VA), and Gerry Connolly (D-VA) this evening held an urgent conference call with representatives of over a dozen Virginia lending institutions to discuss questions and concerns about the Paycheck Protection Program (PPP) loan program. The program, established by the CARES Act to support small businesses hurt by the COVID-19…

Beyer To Host Third Teletownhall On COVID-19 Pandemic

| Posted in Press Releases

Congressman Don Beyer (D-VA) will host his third telephone town hall today on the COVID-19 pandemic. The call will feature remarks from the city/county managers/executives of Alexandria, Arlington, Fairfax County, and Falls Church. The call will begin at 4:50 p.m. and last for one hour. Interested participants can dial 877-229-8493 and enter pin 117023, or pre-register here. Beyer…

Beyer Highlights CARES Act Science And Research Support During House Floor Debate

| Posted in Press Releases

Rep. Don Beyer (D-VA) today delivered remarks on behalf of the House Committee on Science, Space, and Technology during debate on the CARES Act. Beyer highlighted important science funding for medical research in the legislation, which is the third emergency relief bill passed by Congress to address the COVID-19 pandemic. Beyer’s remarks (as prepared): “Mister Speaker, as a Member of…

Joint Economic Committee Vice Chair Beyer’s Statement on Passage of Third Coronavirus Stimulus Package

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), Vice Chair of the U.S. Congress Joint Economic Committee, released the following statement on the third stimulus package passed by Congress to address the public health and economic impacts of the coronavirus. The package totaled $2 trillion. “The only way we will get the economy going again is by first containing the spread of the coronavirus. This…

Vice Chair Beyer: Unprecedented UI Claims “Far Worse” Than Great Recession

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), the Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Department of Labor reported that first-time unemployment claims for the week ending March 21 reached a record 3,283,000. The release is the first real look at how the coronavirus has impacted businesses and the workers they employ. “These…

We need a massive economic response to counter the threat of the coronavirus

| Posted in Opinion Pieces

We need a massive economic response to counter the threat of the coronavirus BY REP. DON BEYER (D-VA.), OPINION CONTRIBUTOR — 03/18/20 Originally published in The Hill The United States is facing what could become the most serious economic crisis since the Great Depression of the 1930s. We must therefore take immediate, large-scale, once-in-a-century action to protect our public…

A key Congressman says Washington is aiming for stimulus deal: ‘by the end of the week’

| Posted in Articles

  Ben Werschkul DC Producer Yahoo Finance  Rep. Don Beyer (D., VA) is the Vice Chair of the U.S. Congress Joint Economic Committee. He also recently self-quarantined following a positive COVID-19 test by a friend with whom he had recently dined with. On Tuesday, he came on Yahoo Finance’s “On the Move” to give an update both on Washington’s economic response to…