The Bureau of Labor Statistics recently released its June consumer price index (CPI) report, which measures inflation. The report showed that year-over-year inflation slowed for the 12th straight month to just 3%, the lowest figure in over two years. Let me be clear, this doesn’t mean inflation is no longer an issue, but it does mean the trends are absolutely headed in the right direction.  

To me, a lawmaker who has worked tirelessly to accelerate the recovery of our nation’s economy since the economic crisis began with the COVID-19 pandemic, this inflation report offers a moment to reflect and to recommit.  

Conversations about inflation deserve nuance. So, let’s be upfront about what this CPI report means: inflation is not accelerating as rapidly as it was last year. That’s good news for our small businesses and a growing middle class, but we clearly have work to do.  

As inflation cools, it’s important to think about how far we’ve come since the crisis brought on by the COVID-19 pandemic and the invasion of Ukraine by Russia.  

When faced with these unprecedented challenges, the Biden administration and Congress took decisive action to help Americans return to their everyday lives and accelerate an economic recovery that is focused on uplifting hard-working families and small businesses across the country.  

Rep. Chrissy Houlahan (PA-06) talked to FOX News about our Coalition's Economic Opportunity Agenda and the work that remains to be done to continue lowering costs, fighting inflation, and growing the middle class. 

Rep. Eric Sorensen (IL-17) appeared on ABC’s Good Morning America 3 to discuss his career before Congress as a meteorologist, the impact of climate change on farmers in his district, and what additional steps Congress must take to help Americans prepare for the effects of climate change.

This week, New Dem Workforce Development Task Force Chair Kathy Manning (NC-06), Vice Chairs Val Hoyle (OR-06), Hillary Scholten (MI-03), and Gabe Vasquez (NM-02) hosted a roundtable discussion alongside New Dem Vice Chair for Outreach Salud Carbajal (CA-24) and other leaders from state workforce programs across the United States to discuss how Congress can implement effective workforce trainings and apprenticeship programs that will benefit employers and workers across the nation.

This week, New Dems welcomed U.S. Department of Agriculture Rural Utilities Service Administrator Andy Berke and U.S. Department of Commerce Senior Advisor to the Secretary Kevin Gallagher to our weekly Member lunch to update Members on the administration's progress in making quality, affordable broadband accessible to all Americans.

Last week, the House passed the Securing Growth and Robust Leadership in American Aviation Act, H.R. 3935, with broad bipartisan support in a 351-69 vote. House Transportation and Infrastructure Committee Ranking Member Rick Larsen (WA-02) played a leading role in getting this critical legislation passed which reauthorizes the Federal Aviation Administration (FAA) and aviation safety and infrastructure programs for the next five years.

Last week, New Democrat Coalition Chair Annie Kuster (NH-02), Vice Chair for Policy Derek Kilmer (WA-06), and NDC Economic Growth and Fiscal Responsibility Task Force Chair Chrissy Houlahan (PA-06) and Vice Chair Nikema Williams (GA-05) released the Coalition’s Economic Opportunity Agenda to continue lowering costs, fighting inflation, and growing the middle class. The New Dem plan builds on the Coalition’s Action Plan to Fight Inflation, which Forbes called the “best inflation-fighting blueprint to come out of Congress.” 

New Dems released the Action Plan to Fight Inflation in June 2022 when the U.S. inflation rate had reached its peak. The plan outlined actions President Biden and Congress could take to reduce the prices of essential goods and services so American families, workers, and businesses could thrive. Since then, New Dems have worked hand-in-hand with President Biden to pass historic legislation to invest in America, create good jobs, secure our supply chains, bring back American manufacturing, and lower everyday costs.

The Economic Opportunity Agenda examines the progress New Dems have made in implementing this plan and provides a roadmap for the Administration and lawmakers to advance policies that will continue to lower costs and give Americans the tools and opportunities needed to succeed and earn a good life.