Overview: Happy New Year to our Washington Weekly readers. Today the 119th Congress begins (See CCUSA's priorities for the new Congress below in the paragraph titled "119th Congress"). Members will be sworn in for both houses, but the House of Representatives will first elect a speaker, with Mike Johnson most likely to retain that position. Top priorities for Republicans, who have slim majorities in the Senate and the House, include immigration and border security and extending the first Trump administration's tax cuts. House Republicans have planned a special "retreat" this weekend to discuss how to move forward with their agenda.
Economy: In the week ending December 28, the advance figure for seasonally adjusted initial unemployment claims was 211,000, a decrease of 9,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 219,000 to 220,000. The 4-week moving average was 223,250, a decrease of 3,500 from the previous week's revised average. The previous week's average was revised up by 250 from 226,500 to 226,750.
119th Congress: CCUSA published its priorities for the 119th Congress, including a list of policy issues and recommendations for consideration to help guide the new administration's work in conjunction with Congress. Throughout its history, CCUSA has worked with the administration and Congress to advance the common good of our nation, with special concern for families and individuals in need. Be sure to read CCUSA's priorities and advocate for them with your representatives.