Category: US Economy

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CPSC Exercises Section 12 Imminent Hazard Authority for First Time in Nearly 40 Years, Warns Consumers to Stop Using Lakkzoom Immersion Water Heaters

Source: US Consumer Product Safety Commission

Release Date: July 22, 2026

WASHINGTON—The U.S. Consumer Product Safety Commission (CPSC), through the Department of Justice on behalf of the United States, today filed an imminent hazard action under Section 12 of the Consumer Product Safety Act against the manufacturer and seller of certain Lakkzoom immersion water heaters. The action seeks court-ordered relief to prevent additional injuries associated with the products, which can overheat and catch fire within minutes when energized either completely or partially out of water.
At the same time, CPSC is urging consumers to immediately stop using Lakkzoom immersion water heaters, which have been associated with numerous reports of fires. 
The filing marks the Commission’s first use of its Section 12 imminent hazard authority in nearly four decades.
“Congress enacted Section 12 to ensure that the Commission could seek swift judicial relief when products present an imminent hazard,” said Acting Chairman Peter Feldman. “While the Commission has historically relied primarily on other enforcement authorities, Section 12 provides an important complementary tool when expedited action is warranted.”
Consistent with the Administration’s priority of protecting American families from dangerous foreign imports and holding overseas manufacturers accountable, CPSC established a Section 12 Task Force to identify appropriate cases and develop Section 12 into a meaningful component of the Commission’s enforcement program.
“Under President Trump’s leadership, CPSC is working more closely than ever with the Department of Justice and our other federal partners to ensure that every available enforcement tool is brought to bear against dangerous products,” Feldman said.
For more information about the Enforcement & Affirmative Litigation Branch and its enforcement efforts visit www.justice.gov/civil/enforcement-affirmative-litigation-branch.
The claims made in the complaint are allegations that, if the case were to proceed to trial, the government would be required to prove by a preponderance of the evidence.

Release Number
26-643

About the U.S. CPSCThe U.S. Consumer Product Safety Commission (CPSC) is charged with protecting the public from unreasonable risk of injury associated with the use of thousands of types of consumer products. Deaths, injuries, and property damage from consumer product-related incidents cost the nation more than $1 trillion annually. Since the CPSC was established more than 50 years ago, it has worked to ensure the safety of consumer products, which has contributed to a decline in injuries associated with these products. 
Federal law prohibits any person from selling products subject to a Commission ordered recall or a voluntary recall undertaken in consultation with the CPSC.
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CPSC Modernizes Decades-Old Injury Surveillance System to Protect More Americans, Faster

Source: US Consumer Product Safety Commission

NEISS-R will expand nationwide coverage, accelerate hazard detection, and strengthen privacy protections
WASHINGTON, D.C. –  The U.S. Consumer Product Safety Commission (CPSC) today announced a significant modernization of the National Electronic Injury Surveillance System (NEISS), the nation’s principal system for tracking consumer product-related injuries. This effort is expected to become fully effective by the beginning of 2027. 
For more than five decades, NEISS served as an important source of consumer product injury data. Designed in 1972 for a paper-record era, the system relied on labor-intensive manual review and coding of medical records from roughly 70 of the nation’s more than 5,000 hospital emergency departments, leaving 14 states without participating hospitals. Those limitations restricted the system’s geographic reach, slowed analysis, and reduced the Commission’s ability to identify rare and rapidly emerging product hazards.  
The modernized system—NEISS-Remodel, or NEISS-R— is being implemented to replace that outdated model with secure, standardized electronic data exchange, broader geographic representation, and significantly faster injury surveillance. 
Nationwide coverage for the first time. NEISS-R will expand the surveillance network across all 50 states, adding hospitals in Alaska, Hawaii, the Mountain West, and northern states that were previously underrepresented or not represented at all. This more geographically balanced sample will strengthen the Commission’s ability to detect product hazards unique to particular regions and improve the statistical reliability of the nation’s injury data. 
Faster hazard detection, more lives saved. By leveraging modern technology and the country’s existing electronic health records infrastructure, NEISS-R will enable CPSC to spot rare and rapidly emerging hazards far sooner than the legacy system allowed. Earlier detection will mean earlier warnings, recalls, and protective action—reducing product-related injuries before they multiply. 
Privacy and security by design. NEISS-R will exchange data through a federally designated Qualified Health Information Network, supported by contractual privacy requirements and standardized security safeguards. The system is built on privacy-by-design principles: it will limit collection and retention to the minimum data necessary for CPSC’s statutory mission, support de-identification before information reaches CPSC, and reduce manual handling of sensitive records. CPSC has also transitioned from an on-premises environment to a modern, cloud-based architecture built on standardized federal security controls—creating a more secure and privacy-centered foundation for injury surveillance. 
A better system for consumers and taxpayers. NEISS-R will modernize a system designed for the last century, making it more timely, more accurate, and more cost-effective. The result will be stronger consumer product oversight and a smarter use of public resources in service of CPSC’s core mission: keeping American families safe.

About the U.S. CPSCThe U.S. Consumer Product Safety Commission (CPSC) is charged with protecting the public from unreasonable risk of injury associated with the use of thousands of types of consumer products. Deaths, injuries, and property damage from consumer product-related incidents cost the nation more than $1 trillion annually. Since the CPSC was established more than 50 years ago, it has worked to ensure the safety of consumer products, which has contributed to a decline in injuries associated with these products. 
Federal law prohibits any person from selling products subject to a Commission ordered recall or a voluntary recall undertaken in consultation with the CPSC.
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Direct Investment by Country and Industry, 2025

Source: US Bureau of Economic Analysis

The U.S. direct investment abroad position, or cumulative level of investment, increased $438.1 billion to $7.14 trillion at the end of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase was led by a $350.2 billion increase in the position in Europe, primarily in the United Kingdom and Luxembourg. By industry, manufacturing had the largest increase, led by chemical manufacturing.

The foreign direct investment in the United States position increased $266.0 billion to $5.86 trillion at the end of 2025. The increase was led by a $182.4 billion increase in the position from Europe. The largest increase in position was from German multinationals, with a $49.0 billion increase, and the second-largest increase in position was from Canadian multinationals, with a $39.2 billion increase. By industry, manufacturing increased the most, led by electrical equipment and components manufacturing.

U.S. direct investment abroad

U.S. multinational enterprises (MNEs) invest in nearly every country, but their investment in affiliates in five countries accounted for more than half of total U.S. direct investment abroad in 2025. The position was largest in the United Kingdom ($1,114.7 billion), followed by the Netherlands ($1,044.0 billion), Luxembourg ($645.3 billion), Ireland ($511.9 billion), and Canada ($488.1 billion).

By industry of the directly owned foreign affiliate, investment was largest in holding companies, which accounted for 45.8 percent of the overall position abroad in 2025. Manufacturing affiliates were second, with 15.9 percent, and finance and insurance affiliates were third, with 13.5 percent, of U.S. investment.

By industry of the U.S. parent, investment by manufacturing MNEs accounted for 50.2 percent of the position, followed by MNEs in finance and insurance (15.8 percent).

U.S. MNEs earned income of $660.1 billion in 2025 on their cumulative investment abroad, an 11.1 percent increase from 2024. Income grew the most in holding companies, increasing $40.0 billion. Income in finance and insurance fell by $6.3 billion compared to 2024.

Foreign direct investment in the United States

By country of the foreign parent, four countries accounted for more than half of total foreign direct investment in the United States in 2025. Japan was the top investing country with a position of $776.3 billion, followed by the Netherlands ($751.8 billion), Canada ($747.3 billion), and the United Kingdom ($738.3 billion).

By country of the ultimate beneficial owner (UBO), the entity at the top of the global ownership chain, Japan was the top investing country in terms of position at the end of 2025, with $827.1 billion. Canada ($819.8 billion) was second, and Germany ($706.2 billion) was third. On the UBO basis, investment from the Netherlands and Luxembourg was much lower than by the country of foreign parent, indicating that much of the investment from foreign parents in these countries was ultimately owned by investors in other countries.

By industry, foreign direct investment in the United States was concentrated in the U.S. manufacturing sector, which accounted for 42.8 percent of the total position. Of the $2.51 trillion foreign investment position in U.S. manufacturing, chemical manufacturing accounted for a third of the total, or $835.9 billion. There was also sizable investment in finance and insurance ($629.7 billion) and wholesale trade ($534.0 billion).

Foreign MNEs earned income of $310.1 billion in 2025 on their cumulative investment in the United States, a 1.9 percent decrease from 2024.

  Updates to Previously Published Statistics1
[Billions of dollars]
U.S. direct investment abroad Foreign direct investment in the United States
Previously published Revised Previously published Revised
2022 …. …. 5,124 5,110
2023 6,620 6,598 5,376 5,338
2024 6,827 6,698 5,708 5,598
…. U.S. direct investment abroad data not revised for 2022.
1. U.S. Bureau of Economic Analysis statistics for U.S. direct investment abroad for 2023–2024 and foreign direct investment in the United States for 2022–2024 are revised with this release to incorporate newly available and revised source data.
U.S. Bureau of Economic Analysis

Related Data Tables

For the 2025 direct investment by country and industry tables highlighted in this release, as well as estimates for earlier years, see the below data tables in BEA’s Interactive Data Application and comprehensive data tables for U.S. direct investment abroad and foreign direct investment in the United States.

U.S. direct investment abroad
 

Country by industry detail (cross-classified by selected country and selected industry) 
Position on a Historical-Cost Basis, Country by Industry of Foreign Affiliate 
Financial Transactions Without Current-Cost Adjustment, Country by Industry of Foreign Affiliate 
Income Without Current-Cost Adjustment, Country by Industry of Foreign Affiliate
 

Country detail 
Position on a Historical-Cost Basis by Detailed Country 
Financial Transactions Without Current-Cost Adjustment by Detailed Country 
Income Without Current-Cost Adjustment by Detailed Country
 

Industry detail (includes all industries) 
Position on a Historical-Cost Basis by Detailed Industry 
Financial Transactions Without Current-Cost Adjustment by Detailed Industry 
Income Without Current-Cost Adjustment by Detailed Industry
 

Additional detail 
Position on a Historical-Cost Basis by Account for Selected Countries 
Change in the Historical-Cost Position by Account 
Position on a Historical-Cost Basis, Industry of Affiliate and by Industry of U.S. Parent 
 

Foreign direct investment in the United States
 

Country by industry detail (cross-classified by selected country and selected industry) 
Position on a Historical-Cost Basis, Country by Industry of U.S. Affiliate 
Financial Transactions Without Current-Cost Adjustment, Country by Industry of U.S. Affiliate 
Income Without Current-Cost Adjustment, Country by Industry of U.S. Affiliate
 

Country detail (includes all countries from which there is direct investment) 
Position on a Historical-Cost Basis by Detailed Country 
Financial Transactions Without Current-Cost Adjustment by Detailed Country 
Income Without Current-Cost Adjustment by Detailed Country 
 

Industry detail (includes all industries) 
Position on a Historical-Cost Basis by Detailed Industry 
Financial Transactions Without Current-Cost Adjustment by Detailed Industry 
Income Without Current-Cost Adjustment by Detailed Industry
 

Additional detail 
Position on a Historical-Cost Basis by Account for Selected Countries 
Change in the Historical-Cost Position by Account 
 

Ultimate Beneficial Owner (UBO) 
Position on a Historical-Cost Basis and Direct Investment Income Without Current-Cost Adjustment by Country of UBO and by Country of Foreign Parent 
Position on a Historical-Cost Basis, by Country of UBO
Position on a Historical-Cost Basis, Country of UBO by Industry 
Income Without Current-Cost Adjustment, Country of UBO by Industry 
Position on a Historical-Cost Basis by Industry of the UBO
 

Note. BEA has updated its disclosure avoidance method to coarsening, which includes rounding, aggregation, and the use of ranges. This allows BEA to publish more data, while still providing confidentiality to BEA’s survey respondents.  

For definitions, statistical conventions, related statistics, and more, visit “Additional Information.”

Next release: July 2027
Direct Investment by Country and Industry, 2026

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CPSC Implements Mandatory eFiling for Certificates of Compliance, Targeting Dangerous Foreign Imports

Source: US Consumer Product Safety Commission

WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) announced that the Commission’s eFiling program is now in effect, requiring importers of regulated consumer products to submit compliance certificates electronically before products enter U.S. commerce. 
The eFiling program enables CPSC to identify and target high-risk imported products more efficiently while reducing unnecessary inspections and delays for compliant importers.  By allowing the agency to focus enforcement resources where they are most needed, eFiling helps keep unsafe products out of the U.S. marketplace while facilitating legitimate trade.
Today’s implementation represents one of the most significant modernization efforts in CPSC’s import surveillance program since the agency was established, providing CPSC with certificate information before products enter U.S. commerce. The program also supports closer coordination between CPSC and U.S. Customs and Border Protection, reinforcing a whole-of-government approach to protecting American consumers at the border.
“America faces an unprecedented surge in imported consumer products entering through increasingly complex global supply chains, including millions of direct-to-consumer shipments that often bypass traditional retail distribution. CPSC faces significant enforcement challenges, particularly where products originate from countries that do not comply with U.S. safety laws. eFiling brings CPSC’s import surveillance and targeting capabilities into the 21st century, enabling the agency to identify and interdict high-risk shipments earlier, keeping unsafe foreign-made products out of American homes, and leveling the playing field for American manufacturers and importers that follow the rules,” said CPSC Acting Chairman Peter A. Feldman. 
“Let me be clear: eFiling does not apply to domestic manufacturers, including small businesses manufacturing in the United States. It creates no new testing, certification, or compliance obligations. Importers are already required by law to create and maintain this information. eFiling simply modernizes how the data is transmitted to CPSC,” he said.
The eFiling program is the culmination of more than a decade of development, including extensive industry testing through alpha and beta pilots conducted between 2016 and 2024, followed by a voluntary implementation period that allowed importers to develop and test their systems before today’s effective date.
Requirements applicable to consumer products imported into Foreign Trade Zones and later entered for consumption or warehousing will take effect on January 8, 2027. 
More detailed information on the eFiling program is available at the links below:  

About the U.S. CPSCThe U.S. Consumer Product Safety Commission (CPSC) is charged with protecting the public from unreasonable risk of injury associated with the use of thousands of types of consumer products. Deaths, injuries, and property damage from consumer product-related incidents cost the nation more than $1 trillion annually. Since the CPSC was established more than 50 years ago, it has worked to ensure the safety of consumer products, which has contributed to a decline in injuries associated with these products. 
Federal law prohibits any person from selling products subject to a Commission ordered recall or a voluntary recall undertaken in consultation with the CPSC.
For lifesaving information:

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Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2024

Source: US Bureau of Economic Analysis

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.57 million workers in the United States in 2024, a 0.2 percent increase from 8.56 million workers in 2023, according to statistics on U.S. affiliate operations and finances released today by the U.S. Bureau of Economic Analysis.

U.S. affiliates accounted for 6.1 percent of total private-industry employment in the United States in 2024, down from 6.2 percent in 2023. By sector, employment was largest in manufacturing and in retail trade. U.S. affiliates with ultimate beneficial owners (UBOs) in the United Kingdom, Japan, and Germany were the largest contributors to employment.

Current-dollar value added of U.S. affiliates, a measure of their direct contribution to U.S. gross domestic product, increased 4.3 percent to $1.52 trillion in 2024. These affiliates accounted for 6.7 percent of total U.S. business-sector value added, down from 6.8 percent in 2023.

Expenditures for property, plant, and equipment by U.S. affiliates increased 3.3 percent to $328.0 billion.

Research and development (R&D) performed by U.S. affiliates increased 5.3 percent to $95.5 billion. These affiliates accounted for 12.4 percent of total U.S. business R&D in 2024.

By state, U.S. affiliate employment was highest in California (885,200), Texas (717,400), and New York (556,700). In all three states, U.S. affiliates in the manufacturing sector employed the most workers.

U.S. Affiliate Employment by State, 2024

Additional statistics on the activities of U.S. affiliates of foreign multinationals including sales, balance sheet and income statement items, compensation of employees, trade, and more are available on BEA’s website. More industry-, country-, and state-level details are also available on BEA’s website.

Updates to the statistics

Statistics for 2023 are revised to incorporate newly available and revised source data. Preliminary statistics for 2023 were released in December 2025.

Updates to Statistics on 2023 Activities of U.S. Affiliates of Foreign Multinational Enterprises [Billions of dollars, except as noted]
  Preliminary
estimate		 Revised
estimate
Number of employees (thousands) 8,661.8 8,556.9
Value added 1,469.1 1,456.3
Expenditures for property, plant, and equipment 322.7 317.6
Research and development expenditures 87.8 90.6
U.S. Bureau of Economic Analysis

Related Data Tables

For the 2024 activities of U.S. affiliates of foreign multinational enterprises statistics highlighted in this release, as well as estimates for earlier years, see the below data tables in BEA’s Interactive Data Application and comprehensive data tables.

Selected data

Employment

Value added

Expenditures for property, plant, and equipment

R&D expenditures

Modified

The complete set of statistics on the activities of U.S. affiliates of foreign MNEs is available on the BEA website. In the comprehensive data section, some tables with affiliate counts were modified. They are tables II.A 4, II.A 5, II.A 9, II.C 14, and II.G 16.

Note. BEA has updated its disclosure avoidance method to coarsening, which includes rounding, aggregation, and the use of ranges. This allows BEA to publish more data, while still providing confidentiality to BEA’s survey respondents.

For resources, definitions, statistical conventions, and more, visit “Additional Information“

Next release: Spring 2027
Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2025

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U.S. International Trade in Goods and Services, May 2026

Source: US Bureau of Economic Analysis

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $77.6 billion in May, up $23.0 billion from $54.6 billion in April, revised.

U.S. International Trade in Goods and Services Deficit
Deficit: $77.6 Billion +42.2%°
Exports: $317.7 Billion –3.2%°
Imports: $395.3 Billion +3.3%°

Next release: Tuesday, August 4, 2026

(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 7, 2026

Exports, Imports, and Balance (exhibit 1)

May exports were $317.7 billion, $10.5 billion less than April exports. May imports were $395.3 billion, $12.5 billion more than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $23.6 billion to $106.5 billion and an increase in the services surplus of $0.6 billion to $28.9 billion.

Year-to-date, the goods and services deficit decreased $203.9 billion, or 40.6 percent, from the same period in 2025. Exports increased $164.7 billion or 11.7 percent. Imports decreased $39.2 billion or 2.1 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit increased $7.5 billion to $62.9 billion for the three months ending in May.

  • Average exports increased $2.0 billion to $321.5 billion in May.
  • Average imports increased $9.5 billion to $384.5 billion in May.

Year-over-year, the average goods and services deficit decreased $23.8 billion from the three months ending in May 2025.

  • Average exports increased $36.1 billion from May 2025.
  • Average imports increased $12.4 billion from May 2025.

Exports (exhibits 3, 6, and 7)

Exports of goods decreased $11.3 billion to $210.6 billion in May.

  Exports of goods on a Census basis decreased $11.6 billion.

  • Industrial supplies and materials decreased $5.5 billion.
    • Nonmonetary gold decreased $6.2 billion.
    • Other precious metals decreased $1.3 billion.
    • Natural gas decreased $1.1 billion.
    • Crude oil increased $2.0 billion.
  • Capital goods decreased $3.5 billion.
    • Computers decreased $2.1 billion.
    • Computer accessories decreased $2.0 billion.
  • Consumer goods decreased $2.1 billion.
    • Pharmaceutical preparations decreased $0.9 billion.

  Net balance of payments adjustments increased $0.3 billion.

Exports of services increased $0.8 billion to $107.1 billion in May.

  • Travel increased $0.4 billion.
  • Other business services increased $0.1 billion.
  • Transport increased $0.1 billion.
  • Financial services increased $0.1 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $12.3 billion to $317.0 billion in May.

  Imports of goods on a Census basis increased $12.1 billion.

  • Consumer goods increased $3.5 billion.
    • Pharmaceutical preparations increased $1.9 billion.
    • Cell phones and other household goods increased $1.0 billion.
  • Industrial supplies and materials increased $3.1 billion.
    • Crude oil increased $1.5 billion.
  • Automotive vehicles, parts, and engines increased $2.2 billion.
    • Passenger cars increased $1.0 billion.
  • Other goods increased $1.4 billion.
  • Capital goods increased $1.1 billion.
    • Computer accessories increased $1.2 billion.
    • Semiconductors increased $1.0 billion.
    • Computers decreased $3.4 billion.

  Net balance of payments adjustments increased $0.2 billion.

Imports of services increased $0.2 billion to $78.2 billion in May.

  • Insurance services increased $0.2 billion.

Real Goods in 2017 Dollars – Census Basis (exhibit 11)

The real goods deficit increased $15.8 billion, or 18.7 percent, to $100.0 billion in May, compared to a 28.8 percent increase in the nominal deficit.

  • Real exports of goods decreased $11.0 billion, or 6.6 percent, to $154.3 billion, compared to a 5.3 percent decrease in nominal exports.
  • Real imports of goods increased $4.8 billion, or 1.9 percent, to $254.3 billion, compared to a 4.0 percent increase in nominal imports.

Revisions

Revisions to April exports

  • Exports of goods were revised up $0.6 billion.
  • Exports of services were revised up $0.5 billion.

Revisions to April imports

  • Imports of goods were revised down $0.2 billion.
  • Imports of services were revised down less than $0.1 billion.

Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

The May figures show surpluses, in billions of dollars, with Netherlands ($9.1), Hong Kong ($5.6), South and Central America ($4.8), Australia ($1.9), United Kingdom ($1.4), Brazil ($1.1), Singapore ($0.9), Belgium ($0.7), and Saudi Arabia ($0.3). Deficits were recorded, in billions of dollars, with Vietnam ($20.6), Mexico ($20.1), Taiwan ($19.4), China ($14.5), European Union ($9.3), Canada ($7.0), Germany ($5.7), Malaysia ($4.7), South Korea ($4.4), India ($4.1), Ireland ($4.0), Italy ($2.9), Switzerland ($2.3), Japan ($2.0), France ($1.5), and Israel ($0.4).

  • The balance with Switzerland shifted from a surplus of $4.4 billion in April to a deficit of $2.3 billion in May. Exports decreased $6.9 billion to $2.0 billion and imports decreased $0.1 billion to $4.3 billion.
  • The deficit with Mexico increased $5.3 billion to $20.1 billion in May. Exports decreased $1.5 billion to $33.4 billion and imports increased $3.9 billion to $53.5 billion.
  • The deficit with France decreased $0.9 billion to $1.5 billion in May. Exports decreased less than $0.1 billion to $3.9 billion and imports decreased $0.9 billion to $5.4 billion.

All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

Next release: August 4, 2026
U.S. International Trade in Goods and Services, June 2026

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CPSC Convenes National Roundtable on Reversing Childhood Drowning Trends

Source: US Consumer Product Safety Commission

WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC), under the leadership of Acting Chairman Peter A. Feldman, convened a national roundtable this week to examine strategies for reducing childhood drowning deaths and injuries. The discussion brought together leading advocates, standards developers, industry representatives, researchers, and other stakeholders to identify practical, evidence-based approaches to reduce childhood drowning.
Participants included former CPSC Commissioner Doug Dziak, Congresswoman Debbie Wasserman-Schultz (D-FL), representatives from the YMCA, Airbnb, the Pool & Hot Tub Alliance, Abbey’s Hope, the International Code Council, the ZAC Foundation, safety expert Alan Korn, and independent researcher Carol Pollack-Nelson.
Drowning remains the leading cause of death for children ages 1 to 4 and the second-leading cause of unintentional injury and death among children overall. Acting Chairman Feldman convened the roundtable to assess the effectiveness of current drowning prevention efforts, identify gaps, and explore opportunities to reverse these tragic trends.
“Today’s conversation is not the end of this effort. It is the beginning,” said Acting Chairman Peter A. Feldman.
“Childhood drowning demands renewed attention, fresh thinking, and an unwavering commitment to results. We heard valuable ideas about engineering solutions, public education, product safety, partnerships, voluntary standards, and emerging technologies. We also identified important gaps that deserve continued attention.”
Throughout the discussion, participants emphasized the importance of strengthening collaboration across government, industry, nonprofits, and standards organizations. Topics included engineering controls, public education, data-driven messaging, and opportunities to better engage pediatricians in communicating water safety and drowning prevention to families.
The roundtable is part of CPSC’s broader effort to strengthen drowning prevention and improve outcomes for children and families nationwide.
Read Acting Chairman Peter A. Feldman’s opening remarks.
Watch the National Roundtable on Reversing Childhood Drowning Trends.

About the U.S. CPSCThe U.S. Consumer Product Safety Commission (CPSC) is charged with protecting the public from unreasonable risk of injury associated with the use of thousands of types of consumer products. Deaths, injuries, and property damage from consumer product-related incidents cost the nation more than $1 trillion annually. Since the CPSC was established more than 50 years ago, it has worked to ensure the safety of consumer products, which has contributed to a decline in injuries associated with these products. 
Federal law prohibits any person from selling products subject to a Commission ordered recall or a voluntary recall undertaken in consultation with the CPSC.
For lifesaving information:

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Statement of Acting Chairman Peter A. Feldman Regarding the Supreme Court's Decision in Trump v. Slaughter

Source: US Consumer Product Safety Commission

Statement of Acting Chairman Peter A. Feldman Regarding the Supreme Court’s Decision in Trump v. Slaughter | CPSC.gov

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Release Date: June 29, 2026

Today the U.S. Supreme Court issued its decision in Trump v. Slaughter, restoring the constitutional separation of powers among the branches of the federal government and overruling Humphrey’s Executor v. United States.
U.S. Consumer Product Safety Commission Acting Chairman Peter A. Feldman released the following statement:
“Today the U.S. Supreme Court restored a fundamental principle of our constitutional system: officials who exercise executive power are accountable to the President of the United States, who alone is vested with executive authority under Article II of the Constitution.
Importantly, today’s decision should put a swift end to the related lawsuit against CPSC and President Trump brought by former Democrat commissioners who claim they were unlawfully removed from office. The Supreme Court confirmed what we have maintained from the beginning: agencies that exercise executive authority are subject to presidential supervision and control under Article II of the Constitution. As a result, President Trump’s constitutional authority to remove the former commissioners is clear, and their claims should now fail as a matter of law.
The Trump CPSC is proud to be part of a whole-of-government effort to put America first, restore accountability in government, and make America great again.”

Release Number
26-585

About the U.S. CPSCThe U.S. Consumer Product Safety Commission (CPSC) is charged with protecting the public from unreasonable risk of injury associated with the use of thousands of types of consumer products. Deaths, injuries, and property damage from consumer product-related incidents cost the nation more than $1 trillion annually. Since the CPSC was established more than 50 years ago, it has worked to ensure the safety of consumer products, which has contributed to a decline in injuries associated with these products. 
Federal law prohibits any person from selling products subject to a Commission ordered recall or a voluntary recall undertaken in consultation with the CPSC.
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CPSC Report Highlights Persistent Risk of Childhood Drowning

Source: US Consumer Product Safety Commission

CPSC Report Highlights Persistent Risk of Childhood Drowning | CPSC.gov

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Release Date: June 24, 2026

WASHINGTON, D.C. – Drowning is the leading cause of death for children ages one to four, according to a U.S. Consumer Product Safety Commission (CPSC) report. An average of 376 children under the age of 15 fatally drowned in pool- or spa-related incidents each year from 2021 to 2023. Nearly 80 percent of those victims were under the age of five. Fatal drownings are consistently the highest during the summer months (June, July and August), emphasizing the importance of ensuring children’s safety throughout the peak of swimming season.
In addition, CPSC’s latest data show the following for children in the U.S. younger than 15 years of age:

The number of fatal child drownings in 2023 was 379, a six percent increase from the 359 fatal drownings reported in the previous year.
Between 2021 and 2023, over 70 percent of fatal drownings occurred in residential settings, such as the victim’s home, the house of a family member/friend/acquaintance, or a neighbor’s residence
Between 2023 and 2025, there was an average of 5,900 estimated pool- or spa-related, hospital emergency department (ED)-treated, nonfatal drowning injuries each year.

“Drowning remains the leading cause of death for children ages one through four, and this year’s report makes clear that these tragedies continue to take an unacceptable toll on American families,” said Acting CPSC Chairman Peter A. Feldman. “As we enter the summer swimming season, parents and caregivers should remain vigilant around water and never leave children unattended. At the same time, the Commission is taking a fresh look at how we can more effectively reduce childhood drowning through the full range of authorities and resources entrusted to it by Congress.”
Parents and caregivers can follow these simple steps to keep children safer in and around the water:

Never leave a child unattended in or near water and always designate an adult Water Watcher. This person should not be reading, texting, using a phone or being otherwise distracted. In addition to pools and spas, this warning includes bathtubs, buckets, decorative ponds and fountains.
Check whether your pool or pool equipment has been recalled. CPSC recently announced the recall of approximately five million above-ground pools after multiple child drowning deaths associated with compression straps that could create a foothold for children to climb into pools. Consumers should also ensure that removable above-ground pool ladders are secured or inaccessible when pools are not in use.
If you own a pool or spa, install layers of protection, including barriers to prevent an unsupervised child from accessing the water. Homes can use door alarms, pool covers, and self-closing, self-latching devices on fence gates and doors that access pools.
Learn how to perform CPR on children and adults. Many communities offer online CPR training.
Learn how to swim and teach your child how to swim.
Keep children away from pool drains, pipes and other openings to avoid entrapments.
Ensure any pool and spa you use has drain covers that comply with federal safety standards and ask your pool service provider about safer drain covers.

The Commission also continues to evaluate its broader drowning prevention efforts. Later this month, CPSC will convene a National Roundtable on Childhood Drowning Prevention to bring together experts from across the drowning prevention community to identify evidence-based strategies for reducing childhood drowning and strengthening the Commission’s future activities.
Sign up for recalls and read the CPSC recent drowning and entrapment report by visiting CPSC.gov and visit PoolSafely.gov for more information.

Release Number
26-572

About the U.S. CPSCThe U.S. Consumer Product Safety Commission (CPSC) is charged with protecting the public from unreasonable risk of injury associated with the use of thousands of types of consumer products. Deaths, injuries, and property damage from consumer product-related incidents cost the nation more than $1 trillion annually. Since the CPSC was established more than 50 years ago, it has worked to ensure the safety of consumer products, which has contributed to a decline in injuries associated with these products.
Federal law prohibits any person from selling products subject to a Commission ordered recall or a voluntary recall undertaken in consultation with the CPSC.
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Personal Income and Outlays, May 2026

Source: US Bureau of Economic Analysis

Personal income increased $181.6 billion (0.7 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $164.9 billion (0.7 percent), and personal consumption expenditures (PCE) increased $156.1 billion (0.7 percent).

Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $159.9 billion in May. Personal saving was $704.2 billion in May, and the personal saving rate—personal saving as a percentage of DPI—was 3.0 percent.

The increase in current-dollar personal income in May primarily reflected increases in farm proprietors’ income and compensation.

The $156.1 billion increase in current-dollar PCE in May reflected increases of $94.3 billion in spending on services and $61.8 billion in spending on goods.

Real PCE increased $43.8 billion (0.3 percent at a monthly rate) in May.

From the preceding month, the PCE price index for May increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent.

From the same month one year ago, the PCE price index for May increased 4.1 percent. Excluding food and energy, the PCE price index increased 3.4 percent from one year ago.

Personal Income and Related Measures
[Percent change from preceding month]
  April May
Current-dollar personal income 0.0 0.7
Current-dollar DPI -0.1 0.7
Real DPI -0.5 0.3
Current-dollar PCE 0.4 0.7
Real PCE 0.0 0.3
PCE price index 0.4 0.4
PCE price index excluding food and energy 0.3 0.3

Annual Update of the National and Regional Economic Accounts

With improvements in concurrent production of BEA statistics, the 2026 annual updates of national, industry, and regional data will begin on the same day for the first time: September 30, 2026. The annual update of the National Economic Accounts (NEAs) includes gross domestic product (GDP), gross domestic income, GDP by industry, monthly personal income and outlays, and related statistics in the National Income and Product Accounts (NIPAs) and the Industry Economic Accounts. The update of the Regional Economic Accounts includes GDP by state and by county, personal income by state and by county, and related statistics. Improvements incorporated as part of the annual updates impact all three sets of accounts. For details, refer to “Information on 2026 Annual Updates to the National, Industry, State, and County Statistics.”

For definitions, statistical conventions, updates to personal income and outlays, and more information about these statistics, visit “Additional Information.”

Next release: July 30, 2026, at 8:30 a.m. EDT
Personal Income and Outlays, June 2026

Technical Notes

Changes in personal income and outlays for May

The May increase of $181.6 billion in personal income primarily reflected increases in farm proprietors’ income and compensation.

  • The increase in farm proprietors’ income reflected an increase in payments from the American Relief Act of 2025. In May, The U.S. Department of Agriculture issued a second round of Supplemental Disaster Relief Program payments to producers.
  • Within compensation, the increase was led by private wages and salaries based on U.S. Bureau of Labor Statistics (BLS) Current Employment Statistics (CES).

Legal services prices

The PCE price index for legal services was adjusted for the months of January and March. No adjustment was made for February, April, or May. For more information on why BEA sometimes adjusts source data, refer to the FAQ “Does BEA adjust source data that are used to estimate GDP and related measures?“.

Revisions to personal income

Estimates have been updated for January through April reflecting updated BLS CES data. The revisions to Social Security benefits reflect revised payment data from the Social Security Administration. The revision to Medicaid benefits reflects updated information from the Centers for Medicare & Medicaid Services.

Related Data Tables

For the statistics highlighted in this release, as well as historical time series for these estimates, see the following data tables in BEA’s Interactive Data Application.

Table 2.6. Personal Income and Its Disposition 
Table 2.8.1. Percent Change From Preceding Period in Real PCE by Major Type of Product 
Table 2.8.5. PCE by Major Type of Product
Table 2.8.6. Real PCE by Major Type of Product 
Table 2.8.7. Percent Change From Preceding Period in Prices for PCE by Major Type of Product 
Table 2.8.11. Real PCE by Major Type of Product: Percent Change From Month One Year Ago

Note. With the next release of PIO, today’s data will be superseded, and the links above will reflect the latest data. The original data featured in this release can then be accessed in BEA’s Data Archive.