Economy

This week, prior to the September 30 deadline to authorize funding for federal government operations for the next fiscal year, Congress passed legislation to temporarily extend current federal funding to December 20, 2024. While measures in the bill to address the effectiveness of the Secret Service were clearly needed, this result was far from ideal.

In 2024, American households are spending more on all categories of energy compared to prices at the start of 2021. As virtually every industry requires energy, this affects nearly every aspect of our lives and businesses.

The remarkable character of the people of the Third District was unmistakable as I traveled around Nebraska during August.

According to a recent report by the Committee to Unleash Prosperity, regulations issued by the Biden-Harris Administration have cost the average American household a total of nearly $50,000.

Severe inflation, stock market turbulence, and troubling workforce data have driven recent economic concerns for American families already struggling to make ends meet. Moreover, our national debt has swelled to surpass $35 trillion—$12.74 trillion higher than the total national debt before the pandemic. Over the past year alone, the debt has grown by $6.73 billion per day.

In June 2023, the U.S. Supreme Court ruled President Biden did not have the constitutional authority to mass transfer up to $400 billion in student loan debt from borrowers to American taxpayers.