[Congressional Record Volume 171, Number 73 (Thursday, May 1, 2025)]
[House]
[Page H1790]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       NEW FEDERAL ECONOMIC DATA

  (Mr. LATIMER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. LATIMER. Mr. Speaker, new Federal economic data came out 
yesterday, and it showed that in the last 3 months, the U.S. economy 
shrank by 0.3 percent. This is a sharp reversal from the 2.4 percent 
growth the economy experienced in the last quarter of 2024. This now is 
the worst economy that a President has had in their first 100 days 
since President Nixon.
  Despite promises candidate Trump made that he would lower costs on 
day one, prices remain high, and, in fact, it is expected that prices 
could rise by 6.5 percent by year's end. Trump policies are why prices 
remain high, even though he has tried to pin this on former President 
Biden.
  The red light, green light tariff policies have caused uncertainty in 
all sectors of our economy as well as internationally. Wall Street and 
Main Street alike have been sending signals for weeks that they do not 
like or trust those economic plans. The stock market has dropped almost 
9 percent and lost $4.5 trillion in wealth. This is hurting everyday 
Americans, including people in Westchester and the Bronx.

  President Trump is the President now. It is his economy to own and 
fix.

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