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Kentucky Representative John Yarmuth, Chairman of the House Budget Committee, released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 528,000 in July and the unemployment rate fell to 3.5 percent.

FCRA, enacted as part of the Budget Enforcement Act, established the current budgetary treatment for credit programs and resolved a long-standing issue facing Congress when comparing the costs of direct loan programs and guaranteed loan programs.

The House Budget Committee released a new report highlighting expert testimony and findings from a recent hearing on the importance of federal investments in early childhood.

House Budget Committee Chairman John Yarmuth celebrated 500 days since President Biden signed Democrats’ American Rescue Plan Act into law, lifesaving legislation that created millions of jobs, kickstarted a successful national vaccination program, helped schools reopen, and funded critical projects in communities across the country.

Today, Kentucky Representative John Yarmuth, Chairman of the House Budget Committee, released a statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 372,000 in June and the unemployment rate remained low at 3.6 percent.

The report outlines how the American Rescue Plan saved thousands of lives, rescued our economy, and marked a turning point in America’s economic recovery from COVID — thanks to the Rescue Plan, America’s economic outlook changed drastically for the better between 2020 and 2021. The report also debunks misleading Republican talking points that blame the Rescue Plan for high inflation.