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Post by bot on Jul 31, 2015 19:35:20 GMT -5
Hoyer Statement on Second Quarter's GDP Advanced Estimate WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the advanced estimate of the GDP in the second quarter: “Today’s report that our economy continued to grow through the first half of this year is welcome news. With real GDP rising 2.3% in the second quarter, and an upward revision from contraction to growth for the first quarter, our economy grew by 2.3% over the past year. Taken alongside the lowest unemployment rate since May 2008 and other positive indicators, these latest GDP figures reveal an American economy ready to take off – yet held back by Republicans’ dangerous disinvestment in the form of sequestration and the uncertainty caused by repeated manufactured crises. “Congress has a responsibility to help businesses and workers tap into their full potential and spur our economy by making the long-term investments in education, innovation, job-training, infrastructure, and export promotion that are proven to boost output and productivity, as well as our workers’ standard of living. We must not let partisan politics stand in the way of America’s shared growth and prosperity.” Visit www.democraticwhip.gov for more press, floor and member resources.
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