WATCH: State Treasurers Demand Congress Intervene With Trump After 100 Days of Economic Turmoil, Market Volatility, and Rising Prices

10 state financial leaders pen letter calling on Congress to “reclaim its constitutional authority over trade, fiscal policy, and monetary oversight”

Earlier today, after President Donald Trump's 100th day in office, Americans for Responsible Growth joined five state financial leaders on a press call to demand that Congress intervene to reclaim its constitutional authority over trade, fiscal policy, and monetary oversight to protect Americans from Trump’s disastrous economic policies. The call comes after ten elected financial leaders from states across the country penned an open letter to Congress calling for immediate action to address what they describe as a looming economic crisis threatening state economies nationwide as a result of the Trump administration’s trade and economic policies.

The state treasurers joining today’s call detailed how Trump’s tariffs and broader economic agenda have created a volatile financial landscape defined by erratic federal policy, rising global skepticism about American stability, and the politicization of institutions that have long served as anchors of economic confidence. The group of state financial leaders urged Congress to reassert its constitutional authority before markets deteriorate further.

Here is what the state treasurers had to say about how Trump's deeply unpopular agenda is hurting American families, businesses, and economic growth:

State Treasurer Deborah Goldberg (D-Massachusetts):

• “Congress does have a role here—they are not supposed to be a rubber stamp for whatever executive order comes out of the White House. Congress must be concerned about the economic consequences of erratic behavior and negative policies—so that is specifically who we are speaking to. It is not too late to stop the roll of the snowball downward, but it needs to happen now.”

State Treasurer Laura Montoya (D-New Mexico):

• “Strong economies rely on stable governance and reliable market conditions—and we've not seen any of that in the last 100 days. Markets, investors, our foreign partners, and even citizens are now questioning whether our own government can continue providing steady, credible leadership.”

• “When Congress abdicates its constitutional powers and duties, it is a reflection of their choice to represent special interests and corporations over people. [...] Members of Congress were elected to their positions of power not to cower in the face of partisan pressure or political convenience but to stand tall, uphold their oaths, and do right by the people that they were elected to serve.”

• “We work tirelessly every day to protect our constituents by maintaining fiscal discipline and investing in our communities—but our efforts are undermined when our own federal government is actively creating obstacles from the top instead of providing constructive support.”

State Treasurer Mike Pellicciotti (D-Washington):

• “We are here today to demand that Congress do its constitutional duty on behalf of the Americans they are being paid to represent. They must be an active partner in constraining an executive that has gone well beyond his authority to the detriment of the nation—especially as things that we should be able to take for granted from the federal government now are decaying at a rapid pace and in many instances already failing.”

State Treasurer Erick Russell (D-Connecticut):

• “We are asking for Congress to grow a spine and do what they were elected by their constituents to do. We don't have to be in this situation, and Congress has the ability to act and act now. So we will continue to work as treasurers with our other elected officials in our state to represent our constituents well and to continue to push back on these detrimental policies. We ask Congress to step up and do the same.”

State Treasurer Dave Young (D-Colorado):

• “It’s imperative that Congress assert its constitutional authority to prevent further damage to American leadership. Colorado has already experienced the negative effects of President Trump's agenda, starting with the disruptive actions of the so-called Department of Government Efficiency under Elon Musk.”

• “These strained international relationships and the damage to our economy will take years to rebuild, weakening our position in global markets. It's clear that investors are losing confidence in American stability as well. Congress must act to restore our standing in the world economy.”

Trump's abysmal approval ratings show the American people broadly reject Trump’s reckless economic agenda, with the vast majority of Americans disapproving of his handling of the economy (56 percent), inflation (59 percent), and tariffs (58 percent).

To book an interview with Americans for Responsible Growth Executive Director Dave Wallack or connect with one of the state financial leaders who signed onto today’s letter, please email Ryan Thomas at press@focalpointstrategygroup.com.