Kentucky Representative John Yarmuth, Chair of the House Budget Committee, released a statement after the Bureau of Economic Analysis reported its initial estimate of third quarter gross domestic product (GDP) expanded 2.6% on an annualized basis.
Kentucky Representative John Yarmuth (KY-03), Chair of the House Budget Committee, released a statement following reports of Republicans’ plans to use the debt limit to force extreme cuts and changes to Social Security, Medicare, and key domestic spending priorities.
The economy has more than recovered all the jobs lost during the pandemic
Kentucky Representative John Yarmuth, Chairman of the House Budget Committee, released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 315,000 in August and the unemployment rate remained below 2021 projections even as more workers reentered the labor force.
August 11, 2022
With Democrats at the helm, the 117th Congress has been a historically productive legislative session for the American people. The successful enactment of landmark legislation including the American Rescue Plan, the Infrastructure Investment and Jobs Act, the CHIPS and Science Bill — and soon, the Inflation Reduction Act — exemplifies Congressional Democrats’ commitment to lowering costs for American families, creating jobs, expanding opportunity, and putting people over politics.
July 28, 2022
One of the most effective ways to build broad-based prosperity in America is to invest in future generations.
July 28, 2022
The Federal Credit Reform Act of 1990 (FCRA), enacted as part of the Budget Enforcement Act (P.L. 101-508), established separate budgetary treatment for credit programs, shifting from standard cash accounting to a new method that more accurately represents the cost of these programs over time.