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illustrate its weaknesses 48 Infrastructure Investment and Jobs Act 48 CHIPS and Science Act 49 Inflation Reduction Act 52 American Rescue Plan Act 55 Alternatives to industrial policy 59 Regulation 59...policies that have directly led to record levels of manufacturing investment even after adjusting for inflation 150 The CHIPS Act and the IRA s targeted investments in science and technology continue to drive...THE FUTURE 150 VIII Older Americans are paying less for prescription drugs because of Democrats Inflation Reduction Act 156 Many Americans are paying less for health insurance and seeing more covered benefits...

policies do not pass muster 30 Expectations of medium and long term inflation are modest and well within normal ranges for recent inflation 33 Low interest rates provide an opportunity to make long term investments...force participation rate fell by 1 4 percentage points and President Trump oversaw the biggest 12 month decline in labor participation in over 70 years 11 6 The U S economy s performance was particularly...average added during his first three years in office compared to 220 000 new jobs on average each month during the last three years of President Obama s administration 13 President Trump s trade war with...

sustain the PRAC and the PACE s data analytics capabilities to support OIG oversight efforts Just last month the House Committee on Oversight and Government Reform advanced legislation the FACT Act to sustain...

plans are paid on a population basis receiving a risk adjusted capitated payment or per member per month PMPM Risk adjustment is currently based upon the CMS hierarchical condition categories HCC model implemented...accuracy of diagnostic coding in both MA and FFS Medicare in tandem Doing so would address coding inflation that can occur when beneficiaries enter MA ensure accurate payment to plans and improve clinical...Medicare plan Automation would also provide plans with less coding discretion while addressing coding inflation that can occur when beneficiaries enter MA CMS could also work to undertake these efforts Alternatively...

analytics to right size the number of service representatives for example on duty at certain times of the month week or day 5 86 use cases mention waste fraud abuse misuse integrity compliance or accountability...

January 2025 Treasury reported recovering 31 million in payments to deceased individuals during a 5 month period on the pilot with the SSA Full Death Master file 8 For fraud risk management preventive activities...Treasury Data Pilot Prevents and Recovers 31 Million in Payments to Deceased Individuals During a Five Month Period U S Department of the Treasury January 15 2025 https home treasury gov news press releases...

113 consecutive months through February 2020 The 178 000 average nonfarm payroll jobs added each month in 2019 were lower than the 193 000 average added monthly in 2018 but still marginally higher than...net nonfarm payroll jobs in 2020 followed by a rebound of job growth in 2021 averaging 490 000 per month over the year However while the number of jobs lost between February and April 2020 virtually erased...nominally by 3 percent as compared to a year ago in the final quarter of 2019 Even adjusting for inflation wage growth compared to a year ago remained relatively steady near 1 percent over all four quarters...

strength 5 GDP growth has remained positive throughout the Biden administration 6 Multiple measures of inflation continue to trend downward 7 Bipartisan infrastructure and CHIPS deals as well as IRA are dramatically...Recognition of interest rate risk is key to ensuring banking sector stability in a time of high inflation 57 Previous rollbacks of financial regulations left significant regulatory gaps and insufficient...investments in local economic development in the CHIPS Act Infrastructure Investment and Jobs Act and Inflation Reduction Act can leverage these effects to foster equitable economic growth 99 Guaranteeing housing...

The Biden administration is revitalizing U S construction and manufacturing jobs 10 Progress on inflation continued throughout 2023 though it still presents challenges for the Federal Reserve 12 Wage growth...directly led to record levels of manufacturing investment even after adjusting for inflation 29 The CHIPS Act and the Inflation Reduction Act s targeted investments in science and technology continue to drive...Act targets underserved communities for new manufacturing hubs and investment incentives 78 The Inflation Reduction Act s renewable energy tax credits provide incentives to invest in rural and underserved...

on the state of the Union and ordered to be printed U S GOVERNMENT PRINTING OFFICE WASHINGTON 2022 MONTH XX 2021 U S GOVERNMENT PRINTING OFFICE WASHINGTON 2021 I JOINT ECONOMIC COMMITTEE Created pursuant...PURCHASING POWER 83 Inflation Trends 84 Inflation Hits its Highest Level in 40 Years 84 Markets Expect High Inflation to Persist 85 The Consequences of Inflation 88 High Inflation Imposes Significant Costs...88 Americans Experience Inflation Differently Depending on Where They Live 88 Inflation Costs Will Remain Even After Inflation Reverts to Normal Levels 90 Drivers of Inflation 92 Shifting Consumer Preferences...