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
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
In 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
- Joint Economic Committee Republicans reposted
🧵This week’s Debt Digest: • JEC Report’s hard budget truths • 1990s budget surpluses: a temporary accident • Repeal the gas tax • Trump Accounts ≠ Social Security reform • AI growth makes new debt more expensive • AI fixing debt is new MMT 👇
- To stay economically competitive, we must address our aging demographics with the realities of stagnant population growth. This is in line with what was highlighted in our March 18 hearing, “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an"Voters will reward the politician or party that advances a well-designed plan to invite in the world’s best talent," @akoustov writes. "Two concrete moves can put that idea to work." wapo.st/49h0hrU
- In April, among the 50 states & DC unemployment remained unchanged in 27 states, decreased in 15 & increased in 9. The highest unemployment rate was 6.2% in DC & the lowest was 2.2% in South Dakota. Nationally, the unemployment rate remained unchanged in April at 4.3%.
- Joint Economic Committee Republicans reposted
On Memorial Day, we honor the American heroes who gave their lives in defense of our freedom. From Gettysburg to the deserts of the Middle East, generations of patriots have answered the call and paid the ultimate price. We owe them our liberty. We owe them our remembrance.
