Senator Maggie Hassan (D-NH), Ranking Member of the Joint Economic Committee, announced today the release of the Minority portion of the Committee’s annual response to the Economic Report of the President. The Committee is required by law to submit findings and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA).
The Joint Economic Committee - Minority issued a report today on the impact of President Trump’s tariffs, which have driven up costs and triggered economic uncertainty for America’s small businesses. The report includes new Committee data, including that the smallest businesses lost 4.5 times more jobs in 2025 than during the pandemic in 2020. This report comes during National Small Business Week, which runs from May 3 – 9, 2026.
Today, the national average gas price rose to $4.558 per gallon, which is 53 percent higher than before President Trump began his illegal war with Iran on February 28. With this latest increase, the Joint Economic Committee – Minority found that families have now paid more than $25 billion more for gas since the war began. This exceeds the total cost of the Iran War itself thus far, per the Department of Defense, although that number does not fully account for damage to U.S. bases.
May 04 2026
NEW: U.S. Local Businesses & Communities Hit by Declining Tourism, Job Losses Under President Trump
The Joint Economic Committee - Minority released a report today that details ways that President Trump’s tariffs and other actions have led to a fall in both domestic and international tourism to American communities and the impact that has had on local businesses. The report includes new data, including that 2025 marked the first decline in hotel and lodging sector jobs since the pandemic. The report comes ahead of the annual National Travel and Tourism Week, which begins on May 3.
Apr 23 2026
NEW REPORT: President Trump’s Tariffs Crush Small Manufacturers, Threaten U.S. Economy and National Security
The Joint Economic Committee - Minority issued a report today that details the ways in which President Trump’s reckless tariffs have inflicted harm on the small businesses that make up the American manufacturing base. In his inauguration speech, President Trump promised to make the U.S. “a manufacturing nation once again.” Yet more than a year into his second term, the Trump administration’s policies have done the opposite – resulting in a loss of more than 100,000 manufacturing jobs and a significant decline in small manufacturers’ profit margins.
Today, the Joint Economic Committee – Minority released two updated reports on state-by-state inflation cost data and gasoline price data.
Apr 16 2026
Senator Hassan Presses Leading AI Voice Cloning Companies to Prevent Exploitation by Scammers
U.S. Senator Maggie Hassan (D-NH), as part of her comprehensive investigations into scams as Ranking Member of the Joint Economic Committee, today pressed four companies with leading AI voice cloning services to increase efforts to prevent the exploitation of their products by scammers. Senator Hassan requested information from ElevenLabs, LOVO, Speechify, and VEED about what steps the companies currently take to deter scammers from abusing their tools to defraud Americans.
As part of her ongoing effort to measure the impact of President Trump’s steel and aluminum tariffs on grocery costs, Joint Economic Committee Ranking Member Hassan (D-NH) is requesting information from Amazon about the impact of tariffs on prices. Her inquiry to Amazon follows recent reporting that Amazon has raised prices on more than 1,200 basic household and grocery items since the beginning of the Trump administration.
The Joint Economic Committee – Minority, led by U.S. Senator Maggie Hassan (D-NH), today announced a broad new effort to protect people from financial scams, which eclipsed $1 trillion in stolen money worldwide last year. The Committee released an issue brief outlining the massive impact that scams have on the economy, underscoring the importance of tackling them, and previewing upcoming Committee investigations into major drivers of scams. Senator Hassan is also launching a public survey for people to send information in about scams that they have experienced, to help focus the investigations.
The Joint Economic Committee – Minority released a new report today finding that amid President Trump’s tariffs and rising economic uncertainty because of them, Americans across the country are paying higher prices for July 4th cookout beer, food, and gear.