National Debt Reaches $39.20 Trillion, Increased $2.99 Trillion Year over Year, Increased $10.94 Trillion in Five Years
As of June 3, 2026, total gross national debt is $39.20 trillion. Relative to one year ago, total gross national debt is $2.99 trillion higher; relative to five years ago, it is $10.94 trillion higher. Over the past year, the rate of increase averaged $8.19 billion per day, $341.30 million per hour,...
Headline Personal Income Stagnant in April, PCE Up 3.77% from Last Year
From March to April, headline personal consumption expenditures (PCE) price index inflation was 0.40 percent. Core PCE price index inflation, which excludes food and energy prices, was 0.24 percent. Month-over-month, headline personal income remained unchanged, or $19 million, while real disposable ...
ICYMI: Cato Institute Experts Praise JEC Joint Economic Report
Following the release earlier this month of the Joint Economic Committee’s Joint Economic Report, Cato Institute experts praised the work of the Committee.
April State Unemployment Remained Unchanged in 27 States, Decreased in 15, and Increased in 9
The Joint Economic Committee released its monthly State Employment Update, outlining the employment situation in all 50 states and the District of Columbia. In April, among the 50 states and the District of Columbia unemployment remained unchanged in 27 states, decreased in 15 and increased in nine....
Joint Economic Committee Leaders Raise Anti-Scam Efforts with Major Telecommunications Companies
U.S. Congress Joint Economic Committee Chairman David Schweikert (R-AZ) and Ranking Member Maggie Hassan (D-NH) today urged three major telecommunications companies to strengthen their anti-scams efforts. Chairman Schweikert and Ranking Member Hassan requested detailed information from AT&T, T-Mobil...
JEC Chairman Schweikert Files Joint Economic Report in Response to the Economic Report of the President
Celebrating its 80th anniversary, the Joint Economic Committee, under the leadership of Chairman David Schweikert, filed its annual Joint Economic Report in response to the 2026 Economic Report of the President. The Joint Economic Committee was created by the Employment Act of 1946, and pursuant to ...
April Closes with $215.02 Billion Surplus, Up to $953.569 Billion Deficit for FY2026
In April, the federal government ran a surplus of $215.02 billion. From the beginning of this fiscal year to April 2026, deficits were $953.569 billion. This means 22.31 percent of outlays in FY2026 were not paid for by revenues, and for every dollar the federal government received in revenue, it sp...
Consumer Price Index Surged to 3.81 Percent in April, Highest Rate in Nearly Three Years
The headline Consumer Price Index (CPI-U) jumped to 3.81 percent year over year in April, up from 3.26 in March. Core CPI, which excludes food and energy, was 2.75 percent year over year, compared to 2.60 percent in March. Year over year, energy price inflation was 17.87 percent, 21.61 percentage po...
115K Jobs Added in April, Blowing Past Expectations
In April, 115,000 jobs were added (123K private sector, -8K government) after a stronger showing in March. The unemployment rate remained unchanged at 4.3 percent while the labor force participation rate dropped again by 0.1 percentage points from 62 percent to 61.8 percent. The broadest measure of ...
National Debt Reaches $38.91 Trillion, Increased $2.70 Trillion Year over Year, Increased $10.75 Trillion in Five Years
As of May 5, 2026, total gross national debt is $38.91 trillion. Relative to one year ago, total gross national debt is $2.70 trillion higher; relative to five years ago, it is $10.75 trillion higher. Over the past year, the rate of increase averaged $7.39 billion per day, $307.98 million per hour, ...