Economy
For more information concerning work and views related to Economy, please contact our office.
More on Economy
As our nation celebrates Independence Day, the grocery bill for cookouts and picnics is hitting the budgets of American families harder this year. The American Farm Bureau Federation calculated U.S. consumers are paying 17 percent more for standard Fourth of July fixings than last year. Furthermore, soaring gas prices are limiting summer vacation plans and travel.
The importance of a strong agriculture economy to the state of Nebraska and our entire nation cannot be overstated. Often overlooked in policy conversations, the products supplied by farmers and ranchers are fundamental to fueling our lives, filling our plates, putting shirts on our backs, and so much more.
American families across the country are grappling with increasing costs and economic uncertainty. Last week, the Consumer Price Index confirmed costs of household items, energy, and services have risen by more than 8 percent, on average, over the last 12 months.
While traveling in the Third District in recent weeks, I have been encouraged by the expertise and creativity our communities possess and sobered by the challenges we face. We have much to be thankful for, but there is also no shortage to the adversity we must overcome.
Washington, D.C. – Today, the office of Congressman Adrian Smith announced the process for submitting applications for Community Project Funding for Fiscal Year 2023.
Washington, D.C. – Today, Rep. Adrian Smith (R-NE) spoke at a House Ways and Means Committee hearing about policies to support American families. He also questioned witness Alfred Ortiz, President and CEO of Job Creators Network, about how Democrat-led policies have made it harder for job creators to hire employees.
According to a new Bloomberg Economics analysis, the average American family will spend an additional $5,200 this year because of our record-high inflation rate. Polling data show that a majority of Americans are seriously concerned about inflation, a sign Americans already burdened with higher costs at the grocery store and gas pump are bracing for additional financial pressures.
National Agriculture Week provides a great opportunity to recognize the strength and resiliency of Nebraska's agriculture producers. The Third District is the nation's leading congressional district in both total number of farms and market value of products sold. Nebraskans' dedication and ingenuity are second to none; however, all Americans are currently facing historic inflation.
This week President Biden delivered his first State of the Union address to a joint session of Congress.
Washington, D.C. – Today, Congressman Adrian Smith (R-NE) released the following statement after President Biden's State of the Union address: