Joint Economic Committee Republicans

In June, the federal government ran a deficit of $120.305 billion. From the beginning of this fiscal year to June 2026, deficits were $1.367 trillion. This means 24.76 percent of outlays in FY2026 were not paid for by revenues, and for every dollar the federal government received in revenue, it spent $1.33. jec.senate.gov/public/index.c…

Consumer Price Index fell 0.42% in June, Biggest Monthly Decline in Six Years. CPI-U dropped by 0.42% in June and rose to 3.53% over the past year. Core CPI, which excludes food and energy, dropped 0.02% in June & rose to 2.59% over the past year. Energy price inflation was down by 5.71% in June and was up 15.70% over the past year. Food price inflation rose 0.21% in June & was up 3.01% over the past year. jec.senate.gov/public/index.c…

I am deeply saddened by the passing of my friend and Senate Budget Chairman, Lindsey Graham. Lindsey was a patriot, a fearless leader, and a tireless champion for our men and women in uniform. His big Southern personality, infectious sense of humor, and steadfast commitment to our nation made him a treasured friend and an exceptional public servant. His leadership was instrumental in delivering President Trump’s historic One Big Beautiful Bill, and his love for our troops and unwavering commitment to our nation’s security leaves a lasting legacy. The Palmetto State was blessed to have Chairman Graham represent them for so many years, our nation is stronger and safer on account of his leadership, and my experience was made all the richer for having known and served with him. Anne and I will be praying for Lindsey’s family, his loved ones, and his staff.

Lindsey Graham was a dedicated public servant and friend. As an unapologetic champion for America and our allies, his loss will be felt immensely in the Senate and around the world. My prayers are with his family and loved ones as they mourn this tremendous loss.

Last night, our nation lost a dedicated public servant in my friend and colleague, Lindsey Graham. He devoted his life to serving the people of South Carolina and this nation. My prayers are with his family, friends, staff, and all who loved him. May he rest in peace.

My family and I mourn the sudden passing of U.S. Senator Lindsey Graham. There are people in this world who have the ability to change the air in a room through wit, humor, well-placed arguments, reason, or impassioned appeals. Lindsey Graham had the uncanny ability to pull them all off at once. His loss will leave a gaping hole in the fabric of our conference and will be felt immensely as we navigate the challenges facing our nation. We will pray for his family, friends, and all who loved him during this difficult time.

It was a shock this morning to find out that my friend Lindsey Graham has died. He was a man who loved his work, his country, and his family. He didn’t have an easy life growing up and to me that explained a lot about him as well as his devotion to his remaining family members including his sister. It also explained his almost kid-like exuberance about his job and the responsibilities he was given (even in his sixties he would get off a plane in a foreign land with a twinkle in his eye and look at me as if to say, can you believe we are actually here and doing this?). Lindsey was loyal to friends and causes. He was willing to work on gnarly issues and take on (at times) political risks for the right reasons. It is fitting that he died shortly after visiting Ukraine, one of those causes he would stand up for through thick and thin. Much will be said in the coming days about his relationships with others—President Trump and John McCain for instance—but what can’t be forgotten is the reason why so many people he worked with—from senators to staff—will mourn his loss: Lindsey had a zest for life and the Senate that made you want to get to work on a bill with him or at least debate him. He brought joy to his job. Lindsey Graham was the one who was willing to work with me (when so few would) on helping the Afghan refugees. I remember standing outside of a little phone booth in the Republican cloakroom last year as he spoke with the Vice President, holding up a sign that said “Save the Afghans” and he put the phone on hold and said “OK OK I will go on your bill even if it gets me in trouble.” Or his early willingness to lead on big tech bills, including repealing the provision that protects them from consumer suits. But mostly my fond memories of spending time with Lindsey (and we travelled the world with John McCain) was not about the ups and downs of his policy positions. It was about his love for the world, his loyalty to hard causes and his friends, and the pure joy he brought to life. I will miss him.

Dina and I are deeply saddened by the sudden loss of our friend, Lindsey Graham. South Carolina and our nation have lost a devoted public servant, patriot, and good man. Lindsey poured his heart into fighting for the people of South Carolina, for a strong U.S. military in which he served, and for keeping the American people safe and free. We will miss Lindsey’s legendary wit and his infectious passion for causes greater than himself. We are praying for his family, staff, and friends.

I’m very sorry to hear of the passing of my colleague @LindseyGrahamSC, who dedicated his life to serving the people of South Carolina and his country. Lindsey had a passion for representing our nation abroad - and anyone who spent time with him, particularly when traveling together, got to see the quick wit and generosity that defined him. My prayers are with his family during this difficult time.

I’m waking up like everyone else this morning to the news of Lindsey Graham’s sudden passing. Jaime and I are truly saddened by the news. Lindsey was a champion for the people of South Carolina. Anyone who ever knew him has lots of fond memories and great stories. Some of mine were on the golf course with him — a place where you can learn a lot about somebody and get to know them. We’d agree on things. We’d disagree on things. But no matter what, we had a lot of laughs. He was also unquestionably the life of any dinner with colleagues. He was one of kind. I’m praying for him, his friends and family during this unbelievably hard time.

Paying just the interest on our growing national debt now costs more than many of the programs Americans depend on. Congress must get serious about restoring fiscal responsibility, putting our nation on a stronger path, and securing a more prosperous future.

Every 13.5 seconds, Washington borrows another $1 million. The data says my three-year-old would need every dime he will ever make to pay for promises the federal government has already made. Welcome to the morality of the modern Congress.

As of July 3, total gross national debt is $39.38T. Relative to 1 year ago, total gross national debt is $3.16T higher; relative to 5 years ago, it is $10.85T higher. Over the past year, the rate of increase averaged $8.66B/day, $360.74M/hour, $6.01M/minute, or $100,207/second. tinyurl.com/45vjyvsr

The total trade deficit in May was $77.58B, up $23.02B from April & 28% above the 12-month average. This is the largest trade gap since March of 2025 as exports fell & imports rose. Deficits in trade of goods, surplus in trade of services.  tinyurl.com/3p9k393e

ICYMI: Chairman Schweikert on Fox Business this morning discussing the Republican agenda and fraud in our healthcare programs. foxbusiness.com/video/64003463…

Two hundred and fifty years ago, our nation’s journey began with a bold vision for liberty and self governance. Today, we honor the courage of our Founders and the generations of Americans who built, defended, and shaped our great country.

On July 4th 1776 fifty six men crossed a line from which there was no return. They made a bold declaration to the world: our rights come from God, government rests on consent, citizens are not subjects and America is a nation.

In June, 57K jobs were added, well off expectations. The unemployment rate decreased by 0.1pp to 4.2% while the labor force participation rate decreased by 0.3pp to 61.5%, the lowest rate since 2021. Job openings, a measure of labor demand, increased by 9,000 from April to May. jec.senate.gov/public/index.c…

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Washington is borrowing about $98,000 a second. That can push a 5.5% mortgage rate to 6.5% and add hundreds of dollars a month to your mortgage payment.