Flooding — which has gotten increasingly severe in an era of extreme weather — costs the U.S. economy an estimated $179.8 to $496 billion per year in 2023 dollars, according to new data from Democrats on the Senate Joint Economic Committee.
The session will mark the first time the Joint Economic Committee — one of only a handful of bicameral congressional panels — has taken up the issue. It’s another sign of how enmeshed the topic has become with broader policy debates on Capitol Hill.
Aug 23 2022
Politico: Financial Inclusion
Black and Hispanic Americans are more than twice as likely as white Americans to be unbanked or underbanked, meaning they either don’t have a bank account or mostly use things like check cashing services or payday lenders.
Along with the incalculable toll on victims and their families, gun violence in the U.S. also exacts another heavy cost: More than $1 billion a year in medical bills.
Jul 22 2022
CNBC: The cost of gun violence in America
CNBC’s Ylan Mui joins Shep Smith to report on the economic toll of gun violence in the United States. Medical bills alone can top $1billion a year.
A recent study from the congressional joint Economic Committee found union members earn on average 10% more than their non-union peers. The difference is even greater for Black and Latino unionized workers, whose wages were 17% and 23% higher on average.
Workers in a union are paid over 10% more than non-union workers, according to a report authored by US House labor and economic committee Democrats.
A new report by the U.S. Congress explores “persistent structural barriers” that limit economic opportunity in Indigenous communities.
Dec 19 2018
Marijuana Moment - Congressional Democrats Release Report on Marijuana Legalization's Economic Benefits
Titled, “The National Cannabis Economy,” the report finds that the marijuana industry brought in more than $8 billion in sales in 2017, with sales estimated to reach $11 billion this year and expected to soar to $23 billion by 2022.