Official account of the U.S. Congressional Joint Economic Committee Republicans.
Chairman @RepDavid
Vice Chairman @SenEricSchmittjec.senate.gov/republicansJoined January 2010
In July, the U.S. exported $280.5B and imported $358.8B, resulting in a total trade deficit of $78.5B.
Exports and imports of both capital goods and services reached record levels.
Find out more 🔗
jec.senate.gov/public/index.c…
The Working Families Tax Cut was historic legislation signed into law on our nation's birthday two months ago.
Here are just some of the wins for the American people in the bill. 👇
The second estimate of Q2 GDP shows more good news for the American economy.
• Real GDP was revised up to 3.3% (+0.3pp)
• Nominal GDP was revised up to 5.3% (+0.3pp)
The numbers tell the story. Read more🔗
jec.senate.gov/public/index.c…
The July PCE release shows steady prices and strong consumer demand.
• PCE price index inflation was unchanged at 2.6% YoY
• Consumer spending rose 0.5% MoM (+$109B)
• Disposable personal income rose 0.4% MoM (+$94B)
America's economy remains resilient
jec.senate.gov/public/index.c…
Chairman Schweikert joins Janet Alvarez tomorrow at 9:40amET on SiriusXM’s “The Business Briefing” to discuss U.S. national debt.
Paying interest on our debt is the 2nd largest expense in the federal budget. This is not sustainable.
tinyurl.com/4k4fz999
Chairman Schweikert highlights the importance of maintaining reliability of data collection.
Find the full release below.
jec.senate.gov/public/index.c…
Wages outpaced inflation in July, with real average weekly earnings rising 0.4% as CPI came in at 0.2%.
Find out more in our monthly inflation update 📰
jec.senate.gov/public/index.c…
In June, the U.S. exported $277.3B and imported $337.5B, resulting in a $60.2B trade deficit — down 16% ($11.5B) from May.
jec.senate.gov/public/index.c…
ICYMI: The U.S. posted a $27 billion surplus in June as tax revenues jumped and spending eased.
Full breakdown in our latest fiscal update🔽 https://t.co/AyxxsX3anP
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