Associated Media

Brady Statement on FOMC Decision to Continue Tapering

Rep. Kevin Brady (R-TX), chairman of the congressional Joint Economic Committee, today applauded the decision by the Federal Reserve’s Federal Open Market Committee (FOMC) to continue tapering its large-scale asset purchase program by reducing its purchase of long-term Treasury securities by $...
Associated Media

After Five Years, Americans are Still Waiting for a Real Rec...

Rep. Kevin Brady, Chairman of the congressional Joint Economic Committee responded to today’s report by the Bureau of Economic Analysis (BEA) that real gross domestic product increased at an annual rate of 4.0% during the 2nd-quarter 2014.

Click here to view: JEC Hearing: "Increasing Economic Opport...

A hearing "Increasing Economic Opportunity for African Americans: Local Initiatives that Are Making a Difference" will be held before the Joint Economic Committee held on Tuesday, July 29, 2014, at 2:30 p.m. in room G-50 of the Dirksen Senate Office Building.
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Associated Media

Weekly Economic Update: July 21-25, 2014

The consumer price index increased 0.3% in June while core CPI increased 0.1%. Existing home sales rose a higher-than-expected 2.6% to an annual rate of 5.04 million units for June. New home sales slowed to an annual rate of 406,000 units in June. Durable goods orders increased 0.7% for June. Initia...
Associated Media

Weekly Economic Update: July 14-18, 2014

Retail sales increased 0.2% in June. Business inventories rose 0.5% in May. The producer price index for total final demand rose 0.4% in June. Industrial production increased 0.2% in June. Housing starts declined 9.3% in June to an annualized pace of 0.893 million units. Building permits declined 4....
Associated Media

Weekly Economic Update: July 7-11, 2014

Consumer credit rose $19.60 billion (0.6%) to $3.20 trillion in May. The U.S. Treasury reported a budget surplus of $70.5 billion for June and a fiscal year-to-date deficit total of $365.9 billion. Initial jobless claims fell 11,000 to 304,000 for the week ended 7/5.
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Associated Media

From Impeding to Empowering Entrepreneurs: A Review of State...

Job churn has slowed in recent years, and labor force participation has declined among the young and prime working-age individuals. Expanding firms are adding fewer jobs on average than they have in the past. The Brookings Institution finds that overall “business dynamism,” the continual process of ...
Associated Media

Washington is the Worst Place to set a Minimum Wage

Supporters of federal minimum wage legislation portray it as an antipoverty device, claiming that it has no adverse employment effects. Some empirical studies even find no employment losses from minimum wage increases, and minimum wage advocates use these studies to argue that the federal governmen...
Associated Media

Bonus Depreciation

Making bonus depreciation permanent will help put the U.S. economy on a higher trajectory and begin to close the $1.4 trillion “Growth Gap” between our current recovery and the average of previous recoveries over the last five decades.
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