Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released a report authored by the JEC Democratic Majority, finding that climate-exacerbated wildfires cost the United States between $394 to $893 billion per year in economic costs and damages – a number much higher than existing estimates.
Oct 12 2023
JEC Chairman Heinrich on September 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 0.4% in September compared with the 0.6% increase in August and the 0.2% increase in June and July. Data also show that annual prices grew only 3.7%, down sharply from the peak rate of 9.1% last June.
Oct 06 2023
JEC Chairman Heinrich on September 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 336,000 in September and the unemployment rate stayed at 3.8%. The unemployment rate was 5.7% for Black workers, 4.6% for Hispanic workers, 3.4% for white workers, 2.8% for Asian workers, and 6.9% (not seasonally adjusted) for American Indian and Alaska Native workers.
Sep 28 2023
JEC Chairman Heinrich and Senior House Democrat Rep. Beyer on Impending Government Shutdown
Washington, D.C.— Today, Joint Economic Committee Chairman Martin Heinrich (D-NM) and JEC Senior House Democrat Rep. Don Beyer (VA-08) released the following statement as the federal government comes to the brink of a shutdown.
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement ahead of the Federal Reserve’s decision on whether to raise federal interest rates.
Sep 13 2023
JEC Chairman Heinrich on August 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 (CPI) increased 0.6% in August compared with the 0.2% increase in June and July. Data also show that annual prices grew only 3.7%, down sharply from the peak rate of 9.1% last June.
Today, the Joint Economic Committee (JEC) Democrats released a new report detailing how the United States government can maintain American leadership in artificial intelligence (AI) through public investment and workforce development.
Sep 01 2023
JEC Chairman Heinrich on August 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 187,000 in August and the unemployment rate rose slightly to 3.8%. The unemployment rate was 5.3% for Black workers, 4.9% for Hispanic workers, 3.4% for white workers, 3.1% for Asian workers, and 8.3% (not seasonally adjusted) for American Indian and Alaska Native workers.
Aug 15 2023
Joint Economic Committee, Senate Democrats Release New Data Ahead of Inflation Reduction Act Anniversary
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC) and Senate Majority Leader Chuck Schumer (D-NY) released new data ahead of the one-year anniversary of the Inflation Reduction Act being signed into law.
Aug 10 2023
JEC Chairman Heinrich on July 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 July compared with the 0.2% increase in June and the 0.1% increase in May. Data also show that annual prices grew only 3.2%, down sharply from the peak rate of 9.1% last June.