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Joint Economic Committee Democrats

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Jul 12 2023

JEC Chairman Heinrich on June CPI Data

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index increased only 0.2% in June compared with the 0.1% increase in May and the 0.4% increase in April. Data also show that annual prices grew only 3.0%, down sharply from the peak rate of 9.1% seen last June.

Jul 07 2023

JEC Chairman Heinrich on June Jobs Report

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 209,000 in June and the unemployment rate ticked down to 3.6%. The unemployment rate was 6.0% for Black workers, 4.3% for Hispanic workers, 3.1% for white workers, 3.2% for Asian workers, and 6.6% (not seasonally adjusted) for American Indian and Alaska Native workers.

Jul 05 2023

JEC Chairman Heinrich, Democrats Call on World Bank to Direct More Resources to Climate Projects

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), sent a letter with Senators Sheldon Whitehouse (D-RI), Ed Markey (D-MA), Brian Schatz (D-HI) and Peter Welch (D-VT) and Rep. Katie Porter (CA-47) to the World Bank Group’s newly elected president, Ajay Banga. The letter calls on President Banga to direct more World Bank resources and investments to projects that will address climate change.

Jun 13 2023

JEC Chairman Heinrich on May CPI Data

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index increased only 0.1% in May 2023, down from the 0.4% increase in April and the 0.1% increase in March. Data also show that annual prices increased 4.0%, significantly below the peak of 9.1% in June 2022.

Jun 02 2023

JEC Chairman Heinrich on May Jobs Report

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 339,000 in May and the unemployment rate rose to 3.7%. The unemployment rate was 5.6% for Black workers, 4.0% for Hispanic workers, 3.3% for white workers, 2.9% for Asian workers, and 5.1% (not seasonally adjusted) for American Indian and Alaska Native workers.

Jun 01 2023

JEC Chairman Heinrich on Debt Ceiling Deal

Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to the proposed debt limit legislation:

May 17 2023

JEC Chairman Heinrich Leads Calls for Clean Debt Ceiling Raise in Congressional Hearing

Washington, D.C.—On Wednesday, May 17, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), held a hearing titled “Counting the Costs: How a U.S. Default Crisis Harms American Families and Businesses to explore the economic costs of breaching the debt limit and the drastic cuts to important federal programs, during which Committee members and witnesses called for a clean debt ceiling raise and warned of the harmful effects of a default.