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Press Releases

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:
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 prices measured by the Consumer Price Index increased 0.4% in April 2023, compared with the 0.1% increase in March and the 0.4% increase in February. Data also show that annual prices increased 4.9%, significantly below the peak of 9.1% in June 2022.
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.—Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after U.S. Secretary of the Treasury Janet L. Yellen sent a letter to members of Congressional leadership warning that the Treasury Department will be unable to continue to finance the operations of the federal government as early as June 1 if Congress does not act to raise the debt limit.
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, D.C.—After a vote of the committee members, Senator Martin Heinrich (D-NM) was confirmed today as the Chairman of the U.S. Congress Joint Economic Committee (JEC) for the 118th Congress. Senator Heinrich has previously served as Vice Chair and Ranking Member. He also currently serves on the Senate Appropriations, Energy and Natural Resources, and Intelligence Committees, and as Chairman of the Appropriations Subcommittee on Agriculture, Rural Development, and Food and Drug Administration.
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.?
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 (BLS) reported that nonfarm payroll employment increased by 236,000 in March and the unemployment rate ticked down to 3.5%. The unemployment rate was a record-low 5.0% for Black workers, 4.6% for Hispanic workers, 2.8% for Asian workers, and 7.5% (not seasonally adjusted) for American Indian and Alaska Native workers.
Senate Majority Leader Chuck Schumer (D-NY), House Democratic Leader Hakeem Jeffries (D-NY), Joint Economic Committee Chairman-Designate Martin Heinrich (D-NM), Joint Economic Committee Senior House Democrat Don Beyer (D-VA), Senator Tina Smith (D-MN) and Representative Gwen Moore (D-WI) unveiled a Joint Economic Committee Democratic staff report outlining the devastating cost of the Republican default crisis.