THE LEADER'S REPORT: WEEK OF FEBRUARY 01, 2010

For Immediate Release:

February 5, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

Leader's Report
majorityleader.house.gov · (202) 225-3130
  
MESSAGE FROM THE MAJORITY LEADER

The PAYGO law holds our nation to the principle that we will pay for what we buy. Unless we bring down the deficits and debt facing our nation, we cannot sustainably invest in important areas like health care, education, and clean energy. PAYGO has a strong bipartisan history, which is why I'm disappointed Republicans chose to put politics ahead of our nation's best interest and oppose it. I look forward to seeing President Obama sign this bill into law very soon.  


The President has been a strong supporter of efforts to strengthen fiscal responsibility while helping our economy recover, and the budget he proposed this week balances those two priorities. It includes job-creating incentives, as well as a serious commitment to reduce our deficit through a bipartisan fiscal commission that will set a long-term path to budget balance, and a freeze on non-defense discretionary spending. I share the President's focus on these issues, and am hopeful that my colleagues on both sides of the aisle will give this budget’s jobs and fiscal responsibility agenda the serious consideration it deserves. 
 
Next week, we will consider the Intelligence Authorization Act – legislation that will strengthen our intelligence community's capabilities and increase our security. We will also consider legislation to repeal the special anti-trust exemption for health insurance companies, ending decades-old special treatment that allows the health insurance industry to escape the reach and enforcement of Federal antitrust laws intended to protect consumers.


 
Sincerely yours,

Steny H. Hoyer

STENY H. HOYER



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MAJORITY NEWS UPDATE

Hoyer: PAYGO Brings Our Country More Fiscal Discipline Than It Has Seen In Nearly a Decade
Leader Hoyer spoke on the House Floor in support of statutory “pay-as-you-go” (PAYGO), a proven step in strengthening fiscal discpline. The House passed the legislation 233-187, sending it to the President for his signature.
 
Majority Leader Hoyer Statement on President Obama’s Budget
President Obama's budget for fiscal year 2011 combines job-creating incentives with a serious commitment to reducing our deficit. Leader Hoyer and Democrats look forward to reviewing it in detail in the coming weeks.
 
Hoyer Statement on President Obama's Proposal for Small Business Lending
Leader Hoyer applauded President Obama on his plans for a new program to encourage small business lending, another important step in efforts to help businesses create jobs.