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Press Release Published: Sep 22, 2022

Comer, Oversight Republicans Seek Biden Administration’s Plan to Address the Economic Crisis  

The Biden Administration continues to skirt oversight while failing to respond to the worst economic crisis in decades

WASHINGTON – Today, House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) and Oversight Committee Republicans are again calling on National Economic Council Director Brian Deese to provide the Biden Administration’s plan to address the worst economic crisis facing the American people in decades. The Republican lawmakers highlighted how Democrats’ unprecedented spending has fueled historically high inflation and requested a briefing and all information regarding the Biden Administration’s plans to address the unfolding economic crisis.    

“We write to you again to request information about the Biden Administration’s plans to address the ongoing economic crisis. The exponential rise in inflation since President Biden took office shows the dramatic consequences of massive deficit spending and the fallout from funding an extreme left-wing agenda,” wrote the Republican lawmakers. “It is unacceptable for this Administration to skirt oversight while failing to recognize and adequately respond to the worst economic crisis in decades. For the past 17 months, the American people have faced rising inflation. In August 2022, consumer prices were up 8.3 percent compared to August of last year and up 0.1 percent from July 2022. The average price of gas is 25.6 percent higher than last year. The price of groceries continues to rise, hitting the lowest income Americans the hardest. Home electricity bills are up nearly 16 percent, home gas bills are up 33 percent, and rent is up 6.2 percent.”

Oversight Committee Republicans initially sought information on the escalating economic crisis in 2021. To date, the Biden Administration has failed to respond and has clearly ignored the warnings from economists about the consequences of overspending. Democrats have spent nearly $4 trillion on far-left priorities—not including the illegal student loan bailout which could cost taxpayers an additional $230 billion.   

“As the American people continue to struggle to afford groceries, energy, and rent, President Biden and his Administration deny there is a problem,” continued the Republican lawmakers. “For too long, Americans have been forced to be resilient as Democrats kept schools closed and now, the Biden Administration continues to pump trillions more dollars into an economy suffering under the weight of inflation. They should be hearing solutions from the Biden Administration.”

Read the letter to Director Deese here.