{"database": "press", "table": "releases", "rows": [["https://carey.house.gov/2022/09/30/exclusive-republican-demands-treasury-secretary-janet-yellen-tell-congress-how/", "EXCLUSIVE: Republican demands Treasury Secretary Janet Yellen tell Congress how Biden\u2019s multi-trillion dollar bills have impacted inflation with prices at record-breaking highs", "2022-09-30", "2022", "2022-09", "Republican", "House", "OH", "Mike Carey", "C001126", "carey.house.gov", "carey", "https://carey.house.gov/press-releases/", "scraper", "Daily Mail\n\nElizabeth Elkind\n\nSeptember 30, 2022\n\nHouse Republicans are planning to introduce a resolution on Friday demanding that Treasury Secretary Janet Yellen hand over any records in her possession that discuss the Biden administration agenda\u2019s impact on sky-high inflation numbers.\n\nRep. Mike Carey of Ohio is spearheading the effort.\n\nHe told DailyMail.com that Yellen \u2018failed\u2019 the United States by downplaying the economic effects of President Joe Biden\u2019s key spending bills, at a time when financial experts warn the economy could be careening toward a recession.\n\n\u2018For nearly two years, the Biden Administration and Secretary Janet Yellen have destroyed America\u2019s economy through their decisions,\u2019 Carey, a member of the House Committee on Budget, said.\n\n\u2018It\u2019s time to uncover whether Secretary Yellen knowingly deceived the American people or simply failed to assess the risks of Democrats\u2019 spending bills. Regardless, Secretary Yellen has failed the American people.\u2019\n\nIt comes amid Republican-led criticism of the recently passed Inflation Reduction Act, which outside models have suggested would actually have a negligible impact on inflation despite Democrats\u2019 assurances that it could help slow rising costs.\n\nBiden critics argue that the vast climate and healthcare bill is ill-timed given the cost of consumer goods skyrocketing at levels not seen in four decades, while the Federal Reserve\u2019s bold interest rate hikes have spurred concerns that the economy could soon crash into a recession.\n\nIn Thursday\u2019s resolution, a draft of which was obtained by DailyMail.com, Republicans are specifically inquiring about the inflationary effects of Biden\u2019s bipartisan $1.2 trillion infrastructure law and progressives\u2019 Build Back Better bill.\n\nThe latter failed to pass in its original form, but parts were later revived to make up the Inflation Reduction Act \u2013 which approves more than $700 billion in federal spending.\n\nThe resolution would give Yellen two weeks to produce \u2018copies of any document, memorandum, correspondence, and other communication\u2019 that discusses the legislation\u2019s effect on inflation.\n\nVoter dissatisfaction with Biden\u2019s handling of the economy has been a cornerstone of the Republican bid to reclaim the House and Senate majorities in November\u2019s midterm elections.\n\nWhile the resolution is unlikely to pass in the current Democrat-controlled House of Representatives, it\u2019s another signal to voters from the GOP that they\u2019re keeping Americans\u2019 economic frustrations at the forefront just over a month before Election Day.\n\nIt\u2019s also a sign of where Republicans could put their investigative efforts next year if they win the House majority.\n\nSpeaking to CNBC late last year, Yellen dismissed concerns that the infrastructure law and progressives\u2019 bill \u2013 which had a $1.8 trillion price tag at the time \u2013 would impact the consumer price index.\n\n\u2018I don\u2019t think that these investments will drive up inflation at all,\u2019 she said in October 2021.\n\nThe inflation rate later hit a 40-year high of 9.1 percent in June.\n\nYellen also touted the economic effects of Biden\u2019s Inflation Reduction Act in a trip to North Carolina this week.\n\n\u2018The President\u2019s economic plan will strengthen our economy for decades to come,\u2019 Yellen said according to the Carolina Journal.\n\n\u2018It will make our economy more productive and resilient \u2013 and advance economic fairness for all Americans.\u2019\n\nShe has, however, also conceded on multiple occasions that the inflation rate is \u2018unacceptably high\u2019\n\nThe most recently available inflation data shows that costs rose an average 8.3 percent in August, despite plummeting gas prices at the pump.\n\nThe increase is chiefly driven by food and rent costs, which have soared since the economy began rebounding from the pandemic.", 1, "2026-03-30T01:40:41Z", "2026-04-08T03:08:33Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://carey.house.gov/2022/09/30/exclusive-republican-demands-treasury-secretary-janet-yellen-tell-congress-how/"], "units": {}, "query_ms": 1.775386044755578, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}