Joint Economic Committee Republicans
11.1K posts
Joint Economic Committee Republicans
@JECRepublicans
Official account of the U.S. Congressional Joint Economic Committee Republicans.
Chairman @RepDavid
Vice Chairman @SenEricSchmitt
Joined January 2010
- Joint Economic Committee Republicans reposted
New York’s Medicaid home-care program went from $2.5B in 2019 to a projected $12B in 2025. Verify the care before Medicaid pays.Feds sue Hochul officials, claim massive fraud scheme in revamp of NY's $11B Medicaid homecare program trib.al/Z7rBpHJ
In May, the fed gov ran a deficit of $292.648B. From Oct25 to May26 deficits were $1.246T. This means 25.42% of outlays in FY26 were not paid for by revenues & for every $ the fed gov received in revenue, it spent $1.34. In May, net outlays = $628.161B & net receipts = $335.512B.- In April, the U.S. exported $327 billion and imported $383 billion, resulting in a total trade deficit of $56 billion. jec.senate.gov/public/index.c…
- Joint Economic Committee Republicans repostedIn about six and a half years, Social Security faces a 24% cut under current law. That would double senior poverty in America and double the number of baby boomers living on the street. What we are allowing to happen is absolutely immoral.
00:00 - Trade gap tightens in April. The total trade deficit in Apr was $55.88B, down $704M from Mar & 7% below the 12-mo average. Over the 12 mos thru Apr2026, the US ran a total trade deficit of $718.49B. In Apr2026, the US calculated $20.20B in import duties, which is 19.38% lower
- JEC Chairman @RepDavid sent @HouseBudgetGOP Chairman @RepArrington the latest Views & Estimates. “There is great uncertainty about when & how the debt will switch from sustainable, business as-usual, to an unsustainable, market-unraveling nightmare.
- ICYMI: Chairman @RepDavid joined @MariaBartiromo on @MorningsMaria to talk reconciliation, the debt, fraud, social security & other economic issues.
- Joint Economic Committee Republicans repostedCongress keeps piling on debt. Treasury still has to find someone willing to buy it. If buyers stop trusting Washington, the math gets ugly fast.
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- Y/Y, headline PCE price index inflation was 3.77%, which is higher than the Federal Reserve’s target of 2% & core PCE price index inflation was 3.29%. M/M, headline personal income remained unchanged, or $19 million, while real disposable personal income per capita decreased by
