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State of the U.S. Economy: Why Has Economic Growth & Job Creation Lagged? What Should Congress Do to Boost Them?

A Hearing Before the Joint Economic Committee

Feb 22 2013

Washington DC—Rep. Kevin Brady (R-TX), incoming Chairman of the Joint Economic Committee, will preside over a hearing focusing on the state of the U.S. economy, lagging economic growth and job creation, and recommendations to accelerate both. The hearing will be held Thursday, February 28th at 10:00 a.m. in room 216 of the Hart Senate Office Building.

In preparation for the hearing Brady said, “The current recovery is not satisfactory and is a concern shared by both political parties. Five years after the January 2008 peak, the American economy is still down 2.7 million private payroll jobs and suffering from a stubbornly high unemployment rate of 7.9%. We need faster growth and more business investment to create jobs and solve our nation’s fiscal crisis. I look forward to our witness’s constructive suggestions as to how we can jump-start America’s economic recovery. ”

The following persons are scheduled to testify:

• The Honorable Michael Boskin, former Chairman of the Council of Economic Advisers, Senior Fellow at the Hoover Institution, and the T. M. Friedman Professor of Economics at Stanford University.

• The Honorable Austan Goolsbee, former Chairman of the Council of Economic Advisers, and the Robert P. Gwinn Professor of Economics at the University of Chicago, Booth School of Business.

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