President Trump loves to claim credit when the stock market rises, but he’s unable to admit when his irresponsible words and inflated promises create market instability. Today’s article from The Wall Street Journal details the White House fixation on the Dow and how the President’s promises about a trade agreement with China are falling flat with investors.
Economic recovery looks different depending on where you live. While some Americans get richer, others continue to struggle with challenges like stagnant wages. Check out our latest state-by-state economic snapshot: bit.ly/2RwdT8R
Weather disasters are becoming more frequent, severe, and expensive. Climate change poses a dangerous threat to public health and our economy. The warming planet is projected to reduce annual economic growth by one-third over the next century. Taking action now can mitigate the worst long-term effects AND create economic opportunity. Read more in this week’s economic snapshot: bit.ly/2DZjIHW
Global temperatures are rising and unless we take immediate action, #climatechange will wreak havoc on our economy. Researchers estimate that GDP will decline by 1.2% for every degree of additional warming. So for every 1 degree of warming, we lose $233 billion – the size of Louisiana’s entire economy. Despite credible research from his own administration and years of warnings from the scientific community, President Trump continues to ignore reality. This denial of the facts can only hurt American lives and businesses. Read more in our latest report: bit.ly/2BEgw2W
Looking to shave down your operating costs as a business? Look at the health of your employees. Businesses in Albert Lea, #Minnesota are expected to save more than $7.5 million in health care expenses after participating in the Blue Zones Project Albert Lea. This small city was selected as the pilot location for a nationwide project in 2009. Since then, they’ve made improvements to their schools and community that make it easier for citizens to lead long, healthy lives. Read more in our latest innovation spotlight: bit.ly/2DOYUTf
Democrats & Republicans can agree on something: We need more detailed data in order to understand how the #economy is working (or not working) for Americans at all income levels. Congress should pass Senator Chuck Schumer & Senator Martin Heinrich's Measuring Real Income Growth Act.
Dr. Heather Boushey is the Executive Director and Chief Economist at the Washington Center for Equitable Growth. She testified at the JEC hearing entitled "Examining the Rise of American Earnings and Living Standards" on Sept. 26, 2018.
U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at JEC hearing entitled “Examining the Rise of American Earnings and Living Standards” on Sept. 26, 2018.
For too many families who are struggling financially, the American Dream seems out of reach. When families cannot make ends meet, children grow up without the resources they need to thrive later in life. Federal investments addressing child poverty set future generations up for success and fuel a strong, vibrant economy. Read the full report at http://bit.ly/2x3Mm5p
The Republican tax bill increased our national debt by about $1.9 trillion, in the form of costly breaks for corporations and the wealthy. How do Republicans plan on paying for this? By cutting the benefits Americans depend on the most. Ranking Member Sen. Martin Heinrich questioned Republican witnesses about this during a recent JEC hearing.