Skip to main content

Representative David Schweikert - Vice Chairman

Ranking Member Lee on Third Quarter GDP Report

Ranking Member Lee on Third Quarter GDP Report

Ranking Member Lee on Third Quarter GDP Report

WASHINGTON—Ranking Member Mike Lee (R-UT) released the following statement on the Bureau of Economic Analysis GDP estimate for the third quarter of 2022.

"Today’s news that the economy grew 2.6% is a welcome improvement from the last two quarters of negative GDP growth, but it is insufficient for the many Americans who are struggling to afford basic goods, which will cost them an average of $8,739 over the next year. Americans are paying for the Biden Administration’s policy choices with diminishing purchasing power and slower economic growth."

The Joint Economic Committee is Congress's bicameral economic research center and home of the Social Capital Project, led by Ranking Member Mike Lee.

###

Latest News