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Economy

Leader Jeffries Appoints Beyer Senior House Democrat On Joint Economic Committee

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Tags: Economy

Rep. Don Beyer (D-VA) today thanked House Democratic Leader Hakeem Jeffries for his appointment to serve as Senior House Democrat on Congress’ Joint Economic Committee (JEC). Jeffries announced the move late last week. Beyer said: “In the past three years the U.S. economy saw unprecedented chaos, experiencing one of the swiftest recessions in history and then, under President Biden’s…

Schatz, Beyer Reintroduce Bipartisan Legislation to Provide Paid Family and Medical Leave for Federal Employees

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U.S. Senator Brian Schatz (D-Hawai‘i) and U.S. Representative Don Beyer (D-Va.) today reintroduced the Comprehensive Paid Leave for Federal Employees Act, bipartisan legislation to expand federal paid leave to include 12 weeks of family and medical leave. Schatz’s Senate bill is cosponsored by U.S. Senators Elizabeth Warren (D-Mass.), Kirsten Gillibrand (D-N.Y.), Martin Heinrich (D-N.M.),…

Beyer Applauds Fantastic January Jobs Report

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Tags: Economy

Rep. Don Beyer (D-VA), the outgoing Chairman of Congress’ Joint Economic Committee, today hailed the news in the U.S. Bureau of Labor Statistics (BLS) jobs report for January, which showed that the U.S. economy smashed expectations with 517,000 jobs created in January, as the unemployment rate fell to its lowest level since May of 1969: “This jobs report is fantastic. The U.S. economy…

ICYMI: Northern Virginia Sees Big Wins In End-Of-Year Legislation

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The bipartisan omnibus legislation signed into law by President Biden shortly before the end of 2022 included funding and legislative wins secured by Rep. Don Beyer (D-VA) to benefit Northern Virginia. Additional details on those projects is available here. Some noteworthy local news coverage follows, in case you missed it: Falls Church News Press: Beyer Secures Over $17 Million in…

Beyer On Q4 GDP: “We Should Not Understate This: The American Economy Is Strong”

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Tags: Economy

Rep. Don Beyer (D-VA), outgoing Chair of Congress’ Joint Economic Committee, issued the following statement today on the Bureau of Economic Analysis (BEA) advance estimate for the U.S. gross domestic product (GDP) that found that the U.S. economy grew by 2.9 percent in the fourth quarter on an annualized basis and 2.1 percent for the full year of 2022: “Today’s economic news caps a…

House Passes Omnibus Bill With Key Democratic Priorities, Local Wins For Northern Virginia

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Rep. Don Beyer (D-VA) today hailed passage of the omnibus funding bill in the House. The bill was negotiated on a bipartisan basis between Senate Democrats and Republicans and House Democrats, passed the Senate yesterday, and now heads to President Biden for signature. The bill contained Beyer-authored and co-authored legislation as well as community project funding and other Northern…

Beyer Secures Over $17 Million In Funding And Northern Virginia Wins In Omnibus Funding Bill

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Rep. Don Beyer (D-VA), who represents Northern Virginia in the U.S. House, today announced that he had secured funding and legislative wins in the bipartisan funding bill for FY23. The omnibus government funding bill was the product of bipartisan negotiations; it passed the Senate this afternoon and expected to be passed by the House later today. Beyer said: “I am proud to announce that…

JEC Releases Report on Economic Risks, Need for Further Regulation of Digital Assets

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Tags: Economy

Today, the U.S. Congress Joint Economic Committee—led by Chairman Don Beyer (D-VA)—released a new report detailing the rise and fall of the digital asset market in 2021 and 2022 and the need for further protections to mitigate risks to everyday consumers and the U.S. financial system.   In the fall of 2021, the digital asset market reached a record-high $3 trillion…

New JEC Report Shows Immigration is Essential to U.S. Economic Strength

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The U.S. Congress Joint Economic Committee—led by Chairman Don Beyer (D-VA)—released a new report highlighting the significant contributions immigrants make to the U.S. economy and its recovery from the pandemic.  Among the report’s key findings:  Immigrants helped power the economic recovery. Foreign-born workers were hit disproportionately hard by the pandemic but…

JEC Chairman on November CPI Release

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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 that monthly Consumer Price Index (CPI) inflation slowed to 0.1% on a seasonally adjusted basis in November and annual inflation slowed to 7.1%, down from 7.7% in October. Core inflation, which excludes volatile food and…