Jobs & the Economy
Throughout the 117th Congress, House Democrats have partnered with President Biden to enact policies that expand economic opportunity for businesses, workers, and communities across America. Under President Biden and Congressional Democrats, the unemployment rate is at its lowest in more than 50 years with more than 10 million jobs created, helping more of our people get ahead in today’s economy and Make It In America.
Democrats pursue an economic agenda that helps American businesses create good-paying jobs and ensure that workers have the tools not only to get by but to get ahead in our global economy. From raising the minimum wage to providing skills training and apprenticeship opportunities to ensuring equal pay for equal work, from making childcare more affordable to making it easier to save for retirement, Democrats’ economic policies are aimed at helping workers and their families attain real economic security at every stage of life.
Democrats have also delivered historic legislation investing in infrastructure and greater access to high-speed internet, taking the lead in the clean-energy economy, and supporting innovation and entrepreneurship. The generational Bipartisan Infrastructure Law has already begun to expand economic opportunity for Americans in communities across the country and takes action to repair our nation’s roads, bridges, ports, and other infrastructure while creating nearly 1.5 million jobs annually over the next decade. It contains the first major American investment in climate resilience to help communities upgrade their critical infrastructure and mitigate the impact of climate change-driven extreme weather. Likewise, the Inflation Reduction Act also advances America’s clean energy goals, turbocharging clean energy research and transmission while promoting electric vehicle domestic manufacturing to reduce American dependence on gasoline while revitalizing our auto industry.
The CHIPS and Science Act includes bipartisan measures to revitalize the domestic semiconductor industry and spur research. By strengthening domestic supply chains, this law acts directly to accelerate American innovation in the long-term while acting immediately to address inflation and create good paying jobs. House Democrats will continue to champion skills training and education at every level – from early childhood learning through higher education – to prepare our people for success and advancement in a changing economy. In all of these efforts, Democrats will continue to look for ways to make access to opportunities more equitable and to combat the lingering effects of legalized discrimination that continue to make it harder for minorities to access credit for loans, seek investment capital for startups, and build wealth to pass on to the next generation.
With historic job creation under President Biden, House Democrats will continue to advance policies that expand economic opportunity for working families, support small businesses, and create better-paying jobs.
Today, Republicans blocked an extension of unemployment insurance for thousands of families who have lost jobs through no fault of their own. As a result, they can expect their insurance to begin to run out just after Thanksgiving weekend. Republicans’ opposition to this bill was bad for families across their own districts, and worse for our economy as a whole.
On Friday, the Commerce Department announced that the economy grew at two percent during the third quarter.
The Trouble Asset Relief Program provided taxpayers with a higher return than other investments, such as 30-year Treasury bonds.
U.S. Rep. Mark Critz and House Majority Leader Steny Hoyer of Maryland toured the Bucyrus America plant Tuesday, getting a firsthand glimpse of how the country's largest manufacturer of mining equipment "makes it in America."
“Today’s employment report shows that our private sector added 64,000 jobs last month and that our private sector has grown every month of this year. The fact remains that far too many Americans are out of work...
This Fall, corporate special interests are trying to drown out the voices of the American people with a flood of negative advertising funded by shadowy front groups. These groups are taking advantage of the Supreme Court’s Citizens United decision that has enabled them to collect unlimited and undisclosed money from powerful, wealthy and sometimes foreign corporations – all without telling anyone where the money is coming from.
“Today, Minority Leader John Boehner demonstrated to the American people that Republicans have no new ideas, and instead would return to the exact same failed economic policies of the past...
House Majority Leader Steny H. Hoyer (MD) released the following statement today after U.S. Trade Representative Ron Kirk announced that the U.S. is investigating China for its policies and practices affecting trade and investment in clean energy technologies in response to a petition filed by the United Steelworkers:
A USA Today editorial argues that the Trouble Asset Relief Program and the Recovery Act should be judged as successes.
As we work to recover from the worst economic crisis since the Great Depression, both Republicans and Democrats have offered plans for our economy. Republicans' own Congressional campaign chair admitted that they intend to return America to the "exact same agenda" of the Bush years -- the agenda that got our economy into this mess. Democrats, on the other hand, believe that when more products are made in America, more families will be able to Make It In America. That's why Democrats are pursuing the Make It In America agenda, a plan to create middle-class jobs by rebuilding our manufacturing sector.