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In April, Treasury reported $592B in outlays and $851B in revenues, resulting in a $258B surplus. So far this fiscal year, the deficit still exceeds $1 trillion, with $579B spent on interest – the second largest federal expense!

Producer Price Index (PPI) cooled sharply in April, rising 2.4% over the year and down from 3.4% in March. This is the largest monthly drop in producer inflation in five years, signaling easing cost in the supply chain. Lower input costs could mean further relief for consumers

Moody's downgrades U.S. credit rating amid soaring federal debt, now at $36.2 trillion and up $11.2 trillion from just five years ago. In the past year alone, the national debt rose by $1.7 trillion, an average increase of: • $4.5 billion per day • $189 million per hour •

President Trump's tax bill (aka, the Big Beautiful Bill) wouldn't just avoid a catastrophic recession by extending the 2017 tax cuts, but will provide much needed tax relief for businesses & households. CEA estimates a massive boon for growth, investment, and take-home pay 👇1/9

In April, unemployment rates were stable in 45 states with payroll jobs rising in 40 states. Curious about your state? Dive into the detailed updates below ⬇️

.Rep. David Schweikert “The passage of the OBBB in the House marks progress, but our work continues. As Chairman of the Joint Economic Committee, I remain committed to collaborating across chambers to refine policies that strengthen our economy and support working Americans.”

With nearly $2T per year in deficits under the Biden-Harris Administration, unbridled spending has become unsustainable. The #OneBigBeautifulBill Act puts America on a path to balance. It’s time for the Senate to act quickly to deliver President Donald J. Trump’ full America First agenda for the

Inflation is down and incomes are up! Annual Core PCE inflation at 2.5% was at the lowest level in over four years! DPI per-capita at $66,195 was an all-time high for the first time since the pandemic!

Tomorrow: The JEC will be examining the "Barriers to Supply Chain Modernization and Factor Productivity Enhancements" Witnesses include: Dr. Jean-Paul Rodrigue (Jean-Paul Rodrigue) Dr. Patrick McLaughlin (Patrick McLaughlin) Dr. Yossi Sheffi (Dr. Yossi Sheffi) Dr. Sujai Shivakumar (Sujai Shivakumar)

LIVE: JEC Hearing on "Barriers to Supply Chain Modernization and Factor Productivity Enhancements." x.com/i/broadcasts/1…

The United States needs economic policy that puts America first and ensures that we stay competitive on the international level. The Joint Economic Committee held a hearing earlier this morning that addressed the negative effects of burdensome regulations. In Kansas, I’ve toured

Today, Joint Economic Committee Joint Economic Committee Republicans held a hearing on supply chain modernization. Watch below Rep. Spartz questioning Dr.Dr. Yossi Sheffi from Massachusetts Institute of Technology (MIT) and his response on how to make our education system better. “Allow parents to choose the schools.”

.Rep. Ron Estes discussed the importance of smarter regulation & emerging tech, to boost U.S businesses. Patrick McLaughlin described how cutting red tape drives growth & expands the tax base. Dr. Yossi Sheffi highlighted how AI can improve forecasting & coordination across manufacturing.

.Rep. Victoria Spartz discussed what's holding back U.S. supply chains and economic productivity. Dr. Yossi Sheffi covered port inadequacies due to regulation, the importance of business certainty, and the growing skill gap in the workforce.

.Sen. Marsha Blackburn spotlighted Memphis as a model intermodal hub. Then opened the discussion on the importance of logistics clusters. @ecoJPR and Dr. Yossi Sheffi highlighted the multiplying effect of proximity, empowering manufacturers, and the resiliency of intermodal hubs.

"What can the future look like?" Rep. David Schweikert concluded the hearing by engaging the panel on what should be prioritized, underscoring the importance of making meaningful changes now.

Inflation remained low in May, beating expectations. That means more breathing room for American families, as real wages rose across the board. Find out more in our full report 🔽 jec.senate.gov/public/index.c…

In May, the U.S. spent $687B while only collecting $371B resulting in a deficit of $316B. FY 2025 to date has run a deficit of $1.36 trillion! Find out more in our full report 🔽 jec.senate.gov/public/index.c…

Special thanks to our distinguished witnesses for sharing their insights at last week's hearing: Dr. Jean-Paul Rodrigue (Jean-Paul Rodrigue) Dr. Patrick McLaughlin (Patrick McLaughlin) Dr. Yossi Sheffi (Dr. Yossi Sheffi) Dr. Sujai Shivakumar (Sujai Shivakumar) Hearing recap: jec.senate.gov/public/index.c…

BLS reported that in May, unemployment rates fell in 13 states, rose in 13, and were unchanged in 24. Find out how your state performed ⬇️