Climate-exacerbated disasters, such as wildfires, hurricanes, floods, drought, and excessive heat, are increasing risk and causing damage to homes across the country. Rising premiums and this issue of uninsurability could seriously disrupt the housing market and stress state-operated insurance programs, public services, and disaster relief.
Dec 13 2024
Progress Made in Infrastructure Funding for Native Communities is at Risk Under a Trump Presidency
While recent investments championed by JEC Chairman Martin Heinrich direct essential resources to Tribes for resilient infrastructure, the President-elect Trump will turn his back on the need for large-scale infrastructure, climate resilience, and equity. The Inflation Reduction Act (IRA), Bipartisan Infrastructure Law (BIL), and recent years’ appropriations made historic levels of funding available for energy, water, and internet infrastructure upgrades to Tribes and the Native Hawaiian Community. Much of that work is now at risk given President-elect Trump’s antagonistic approach to Indigenous affairs and federal protections of the environment during his prior administration, as well as his disregard for meaningful engagement with Native communities.
Dec 12 2024
The Exclusion of U.S. Territories in Federal Data Leaves Policymakers With an Incomplete Picture
The five U.S. territories—American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, Puerto Rico, and the U.S. Virgin Islands (USVI)—are treated unevenly across the federal statistical system and are often excluded from important data releases. Without these data, U.S. policymakers and stakeholders lack complete and accurate information about the territories, contributing to the underrepresentation of territorial residents and underfunding in federal programs.
The federal government can do more to include the territories in federal data products. Policymakers, federal statistical agencies, and the territories themselves should work to identify the gaps in data coverage that are most important to fill. Prioritizing and addressing these data gaps will provide a more accurate picture of the territories, support economic development, and help the federal government better target its funding and resources. Ultimately, a coordinated federal approach by the U.S. Office of Management and Budget will be an important step towards providing better data coverage for the U.S. territories.
The federal government can do more to include the territories in federal data products. Policymakers, federal statistical agencies, and the territories themselves should work to identify the gaps in data coverage that are most important to fill. Prioritizing and addressing these data gaps will provide a more accurate picture of the territories, support economic development, and help the federal government better target its funding and resources. Ultimately, a coordinated federal approach by the U.S. Office of Management and Budget will be an important step towards providing better data coverage for the U.S. territories.
La administración entrante de Trump planea llevar a cabo deportaciones masivas que afectarían comunidades enteras y tendrían graves consecuencias económicas. Las deportaciones masivas reducirían el crecimiento económico y la fuerza laboral, les costaría el empleo a los trabajadores nacidos en Estados Unidos, aumentaría los costos para casi todos los estadounidenses y podría provocar inflación.
The incoming Trump administration plans to conduct mass deportations that would upend entire communities and have severe economic fallout. Mass deportations would reduce economic growth, shrink the labor force, cost U.S.-born workers their jobs, raise costs for nearly all Americans, and risk igniting inflation.
Dec 09 2024
Economic Update - December 9, 2024
Dec 02 2024
Economic Update - December 2, 2024
Child poverty is lower, especially in New Mexico, once the effects of these programs are included in how the Census Bureau measures families’ economic well-being. While more must be done to cut child poverty, using a more comprehensive measure shows how anti-poverty programs are improving kids’ lives.