Hoyer Statement on Chairman Bernanke, White House Comments Regarding Economic Recovery Package

For Immediate Release:

October 20, 2008

Contact:Stacey Farnen Bernards
(202) 225 - 3130

WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement today in response to remarks made by Chairman Ben Bernanke and the White House regarding an economic recovery package:
 
“Testifying today before the House Budget Committee, Federal Reserve Chairman Ben Bernanke voiced his support for an economic recovery package. ‘Consideration of a fiscal package by the Congress at this juncture seems appropriate,’ Bernanke said.  Subsequent White House comments indicate President Bush is moving towards Democrats’ position on this vital issue as well.
 
“With millions of jobs and homes at risk, and retirement savings endangered, passing a recovery package should be at the top of Congress’s agenda. Such a package would aim to create jobs, restore consumer confidence, and help those who are being hit hardest in this recession. I urge President Bush and Congressional Republicans to work with Democrats to make a targeted, fiscally-responsible recovery a reality.” 
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