WASHINGTON, D.C. – Signs reading “Going Out of Business” may soon begin appearing up and down main streets across America, as small businesses are increasingly preparing for a recession. For more than two years, small businesses have faced multiple crises that have left them with fewer workers, smaller inventories, and less income, whether it is skyrocketing prices, ...
WASHINGTON, DC –Raising the debt ceiling must come with spending cuts to combat the inflation that continues to hurt working-class families. 60 percent of Americans want an increase in the debt ceiling to reduce Washington’s wasteful spending - exactly what House Republicans’ Limit, Save, Grow Act delivered. As shown in the Personal Consumption Expenditure index release, ...
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed inflation remaining at an over 30-year high of 4.9 percent and prices increasing 15.3 percent since President Biden took office:
“Today’s report is more evidence that inflation ...
Washington, D.C. – The federal government will be unable to meet its spending obligations – including Medicare and Social Security benefits – as soon as June because Treasury will have exhausted its “extraordinary measures,” according to
WASHINGTON, DC – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed wholesale prices rising by 2.7 percent from the previous year, which get passed down to consumers in the form of higher prices at the checkout counter:
“Small businesses can’t ...
WASHINGTON, DC – Americans will continue to suffer under President Biden’s inflation crisis, after the latest Consumer Price Index report showed inflation at 5.0 percent, an over 30 year high, and inflation rising 14.9 percentage points since Joe Biden became President.
Ways and Means Committee Chairman Jason Smith (MO-08) released the following ...
WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement on February’s personal consumption expenditures (PCE) report from the Bureau of Economic Analysis (BEA)--the Federal Reserve’s preferred measure of inflation–that shows prices remain 5 percent higher than one year ago:
Washington, D.C. — House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed wholesale prices rising by 4.6 percent from the previous year:
“Main Street businesses are still being ...
WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Consumer Price Index showed inflation rising 6.0 percent from the previous year -- matching a pre-pandemic high of 30 years -- with prices having risen 14.8 percent since the President took the oath of office:
“President Biden can’t ...
WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, showed prices rose 5.4 percent over a year ago:
“America is firmly stuck in an ongoing inflation crisis caused by Washington ...
