Capitol Update 11/17/2023
What the infrastructure law has achieved in 2 years Two years in, more than 40,000 projects totaling nearly $400 billion have been funded by the bipartisan infrastructure law. The work has been spread across more than 4,500 communities in the 50 states, the District of … read more
Capitol Update 11/6/2023
US economic growth rate hits 2-year high in Q3 The US economy expanded at an annualized rate of 4.9% in the third quarter, the sharpest pace of acceleration since Q3 of 2021, according to the Commerce Department. Continued high levels of consumer spending are a … read more
Capitol Update 10/30/2023
U.S. economy grows at blockbuster pace in third quarter The U.S. economy grew by an annual rate of 4.9 percent in the third quarter, the strongest pace since 2021, as spending — by families, businesses and the government — accelerated, even in the face of … read more
Capitol Update 10/12/2023
Inflation may be cooling off The U.S. government is expected to report that overall prices for consumers rose about 0.2% last month compared to August and 3.6% compared to a year ago. And core inflation, which accounts for prices not including energy and food, is … read more
Capitol Update 10/9/2023
Payroll employment rises by 336,000 in September; unemployment rate unchanged at 3.8% Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; … read more