The Joint Economic Committee Democrats’ response to the annual Economic Report of the President highlights policies that move us towards these goals. This report builds on the work done by the Committee over the last year to analyze the economy and highlight effective economic policies. Summaries of each of the report’s chapter are provided below.
Jun 17 2024
Economic Update - June 17, 2024
Democrats in Congress passed vital investments in the economic recovery and key infrastructure that laid the groundwork for a record-breaking 16 million new business applications from 2021 through 2023.
Jun 10 2024
Economic Update - June 10, 2024
The Joint Economic Committee’s Democratic staff estimates that the total cost of flooding in the United States is between $179.8 and $496.0 billion each year in 2023 dollars. The graph below shows the lower-bound estimate of what flooding costs the country in total each year. It is important to note that, while climate change is increasing the cost of flooding, there is significant uncertainty around what the true total cost of flooding is in any given year. Regardless of the exact number, it is clear that floods represent a massive cost to the U.S. economy.
Jun 03 2024
Economic Update - June 3, 2024
May 28 2024
Economic Update - May 28, 2024
May 23 2024
ICYMI: La Administración Biden Acaba de Dar Pasos Enormes Para Proteger A Los Trabajadores y el Clima
Hace unas semanas, la administración Biden tomó acciones para proteger a los trabajadores, aumentar los salarios, reducir la contaminación y proporcionar más electricidad limpia. Estas medidas se basan en los proyectos de ley históricos para invertir en energía limpia, impulsar la manufactura, reducir los costos para las familias, y apoyar a los sindicatos, que, debido a las iniciativas de los demócratas en los últimos años, el congreso aprobó.
Muchas de estas regulaciones desafían a los intereses de los grandes corporativos, por lo que no sorprende que grupos empresariales importantes y sus aliados republicanos ya estén intentando de utilizar los tribunales para bloquear estas acciones. En contraste, la administración Biden y los demócratas en el congreso seguirán defendiendo a los trabajadores y nuestro medio ambiente ante esta oposición.
Muchas de estas regulaciones desafían a los intereses de los grandes corporativos, por lo que no sorprende que grupos empresariales importantes y sus aliados republicanos ya estén intentando de utilizar los tribunales para bloquear estas acciones. En contraste, la administración Biden y los demócratas en el congreso seguirán defendiendo a los trabajadores y nuestro medio ambiente ante esta oposición.
May 20 2024
Economic Update - May 20, 2024
May 16 2024
How the Renewed Compacts of Free Association Support U.S. Economic, National Security, and Climate Goals
The Compacts of Free Association (COFAs) grant the United States unfettered, exclusive military access to a strategic area in the Indo-Pacific, allow Freely Associated States (FAS) citizens to live and work in the United States and its territories as lawful non-immigrants, and provide economic support and security assistance for the FAS. The COFAs govern the relationships between the United States and the three sovereign nations collectively known as the FAS: the Republic of the Marshall Islands (RMI), the Federated States of Micronesia (FSM), and the Republic of Palau. In March 2024, President Biden and the U.S. Congress affirmed this relationship for the next 20 years by renewing the COFAs and providing $7.1 billion in economic assistance agreements.
By renewing the COFAs, the United States affirms its relationships with the FAS, asserting a strategic position in the Indo-Pacific region to deter Chinese government influence and provide economic assistance for health care, education, infrastructure, the environment, and climate change adaptation. This benefits not only the FAS but the U.S. economy and national security as well.
By renewing the COFAs, the United States affirms its relationships with the FAS, asserting a strategic position in the Indo-Pacific region to deter Chinese government influence and provide economic assistance for health care, education, infrastructure, the environment, and climate change adaptation. This benefits not only the FAS but the U.S. economy and national security as well.
