On the recordFebruary 16, 2022
over the last 12 months, the economy has rebounded at levels that we have not seen in decades--a 5.7-percent GDP growth rate and 6.6 million new jobs. This is the fastest our economy has grown since, perhaps, 1984, and the new jobs we added to the economy were the most ever for a President's first year. After former President Trump botched our national response to COVID, America is now on the right track under President Biden, but we face serious challenges that demand action from Congress. The cost of living has come up for families across the country and around the world. The destruction unleashed by COVID has decimated supply chains, strained the labor supply, and the effects of a global pandemic that began 2 years ago still reverberate today. These challenges demand action, and Democrats remain laser-focused on lowering costs for American families. Yesterday, our caucus met for our weekly lunch, where we held a spirited, enthusiastic discussion about ideas from our Members of how we can lower costs and take action to do so. We talked about how we can continue working to lower childcare costs, prescription drug costs, the costs of semiconductors, which is a huge driver of price increases across a wide variety of products, and things as basic and vital as the cost of food and meat. Lowering costs will continue to be a caucuswide effort. We are not going to agree on everything, but we are all on the same page in that we need to tackle the issue head on.…





