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.

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 253,000 in February and the unemployment rate declined to 3.4%. The unemployment rate was a record-low 4.7% for Black workers, 4.4% for Hispanic workers, 3.1% for white workers, 2.8% for Asian workers, and 7.5% (not seasonally adjusted) for American Indian and Alaska Native workers.

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 Economic Analysis (BEA) reported its initial estimate that first-quarter gross domestic product (GDP) expanded 1.1% on an annual basis.

Washington DC—Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported that prices measured by the Consumer Price Index increased 0.1% in March 2023, compared with the 0.4% increase in February. Data also show that annual prices increased 5%, down from 6% last month and significantly below the peak of 9.1% in June 2022.?