Gross National Debt Reaches $37.43 Trillion, Increased $2.09 Trillion in 12 Months
Today, the Joint Economic Committee released its monthly debt update. As of September 4, total gross national debt is $37.43 trillion. Relative to one year ago, total gross national debt is $2.09 trillion higher; compared to five years ago, it is $10.73 trillion higher.
Economy Continues to Slow as August Produces only 22K Jobs
In the latest Joint Economic Committee Employment Update, jobs increased by 22,000 in August, indicating the economy continued to slow through the summer. The unemployment rate remained relatively steady, ticking up 0.1 percentage points to 4.3 percent, and the labor force participation rates ticked...
Trade Gap Widens to $78.3 Billion, Largest U.S. Trade Deficit Since March 2025
Today, the Joint Economic Committee released its analysis of the latest monthly trade update based on information compiled from the Bureau of Economic Analysis, U.S. Census Bureau, Treasury Department, and the Bureau of Labor Statistics. The July trade deficit of $78.3 billion is the largest since M...
Chairman Schweikert Highlights the Importance of Maintaining Reliability of Data Collection
Joint Economic Committee Chairman David Schweikert released a brief entitled “Maintaining Reliability of America’s Data Collection Methods.”
Chairman Schweikert on National Debt Surpassing $37 Trillion
Joint Economic Committee Chairman David Schweikert released the following statement after the total public debt of the United States reached a new record high of $37 trillion.
ICYMI: JEC Hearing on the Barriers to Supply Chain Modernization and Factor Productivity Enhancement
Last week the U.S. Congress Joint Economic Committee held a hearing titled Barriers to Supply Chain Modernization and Factor Productivity Enhancement. Members engaged with witnesses on how “smart regulation” and harnessing cutting-edge technology can be prioritized to enhance America’s supply chain ...
JEC Hearing Advisory, "Barriers to Supply Chain Modernization and Factor Productivity Enhancement"
The U.S. Congress Joint Economic Committee (JEC) will hold a hearing on Thursday, June 5th at 10:00am titled "Barriers to Supply Chain Modernization and Factor Productivity Enhancements."
ICYMI: JEC Hearing on Reducing Waste, Fraud and Abuse Through Innovation: How AI & Data Can Improve Government Efficiency.
Last week, the U.S. Congress Joint Economic Committee (JEC) held a hearing titled Reducing Waste, Fraud and Abuse Through Innovation: How AI & Data Can Improve Government Efficiency. Members engaged with witnesses on how AI implementation could streamline government operations, reduce costs, and enh...
JEC Hearing Advisory, "Reducing Waste, Fraud and Abuse Through Innovation: How AI & Data Can Improve Government Efficiency."
The U.S. Congress Joint Economic Committee (JEC) will hold a hearing on Wednesday, April 9th titled "Reducing Waste, Fraud and Abuse Through Innovation: How AI & Data Can Improve Government Efficiency."
Chairman Schweikert Releases JEC Monthly Trade Update
“This report reflects ongoing patterns in the United States’ international trade, presenting evolving dynamics with major trading partners and sectors,” said Chairman Schweikert.