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Growth Testimony before the Joint Economic Committee Hearing on The Fiscal Situation of the United States March 12 2024 Introduction Chair Heinrich Vice Chair Schweikert Members of the Committee thank you...today My testimony will broadly cover three important aspects of today s topic First I will discuss how we might assess the economic risks posed by our current fiscal trajectory Too often in our national...skip over the critical first step of interrogating just what those risks actually are how big they might be and how certain we are of them coming to pass Given the uncertainty surrounding the risks posed...

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The Consequences of an Aging Population on the Fiscal Outlook Over the next few decades the United States will be forced to address the fiscal challenges of an aging population Our nation is in the midst...2030 Jonathan Vespa Lauren Medina and David M Armstrong Demographic Turning Points for the United States Population Projections for 2020 to 2060 U S Census Bureau March 2018 revised February 2020 https...2020 demo p25 1144 pdf 3 Bureau of Labor Statistics How Are Our Older Workers Doing Commissioner s Corner May 20 2019 https www bls gov blog 2019 how are our older workers doing htm 2 This ongoing demographic...

39 Chapter 4 Missed Opportunities to Support Workers and Families 40 Paid Sick Leave 41 The United States is one of the only high income countries without universal paid sick leave 41 Americans access to...firms did move production out of China due to the tariffs but those jobs did not return to the United States with firms moving them to other countries particularly in Southeast Asia instead 38 Farmers have...United States under President Trump Despite the President s claims that he would bring millions of jobs back companies announced plans to relocate just 145 000 factory jobs to the United States in the...

FEDERAL RESERVE CHAIR JANET YELLEN HEARING BEFORE THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES ONE HUNDRED FIFTEENTH CONGRESS FIRST SESSION NOVEMBER 29 2017 Printed for the use of the Joint Economic...OUTLOOK WITH FEDERAL RESERVE CHAIR JANET YELLEN WEDNESDAY NOVEMBER 29 2017 CONGRESS OF THE UNITED STATES JOINT ECONOMIC COMMITTEE Washington DC The Committee met pursuant to call at 10 01 a m in Room 1100...Reserve Board Her distinguished service at the Fed encompassed the most tumultuous period of the United States fi nancial and economic systems since the Great Depression Many books have already been written about...

UNLEASHING AMERICA S ECONOMIC POTENTIAL HEARING BEFORE THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES ONE HUNDRED FIFTEENTH CONGRESS SECOND SESSION APRIL 11 2018 Printed for the use of the Joint Economic...IL LE R 1 UNLEASHING AMERICA S ECONOMIC POTENTIAL WEDNESDAY APRIL 11 2018 CONGRESS OF THE UNITED STATES JOINT ECONOMIC COMMITTEE Washington DC The Committee met pursuant to call at 2 17 p m in Room 216...towards their dreams and fully contribute to our Nation s prosperity And this hearing is just about that How is it for instance that we have just seen a remarkably good job growth for the last few months Listen...

https www cbo gov publication 54918 Tax Policy Center How did the TCJA affect the federal budget outlook https www taxpolicycenter org briefing book how did tcja affect federal budget outlook 7 Bivens Josh...

https www cbo gov publication 54918 Tax Policy Center How did the TCJA affect the federal budget outlook https www taxpolicycenter org briefing book how did tcja affect federal budget outlook 7 Bivens Josh...

firms did move production out of China due to the tariffs but those jobs did not return to the United States with firms moving them to other countries particularly in Southeast Asia instead 38 114 Farmers have...United States under President Trump Despite the President s claims that he would bring millions of jobs back companies announced plans to relocate just 145 000 factory jobs to the United States in the...mandate even after Dr Anthony Fauci the nation s top infectious disease expert stated that the United States needs one to get the virus under control 69 Instead Trump has actively ignored calls for mask usage...

of regional economic outcomes Some examples include October 2018 unemployment in the 48 contiguous states ranged from 5 2 percent in West Virginia to 2 4 percent in Iowa 3 and labor force participation ranged...geographic mobility is reducing America s economic dynamism Occupational licensing and zoning laws by States and localities hinder worker relocation and career change especially of lower paid workers Employment...could benefit from Relying more on professional certification rather than licensing Adapting zoning laws to allow more residential development Joint Economic Committee Republicans Staff Commentary jec senate...