THE LEADER'S REPORT: WEEK OF FEBRUARY 09, 2009

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

 

This afternoon, after weeks of 
Economic Recovery Conference Report Presser

Majority Leader Hoyer speaks at a news

conference following passage of the American

Recovery and Reinvestment Act
.

debate and compromise, the House passed the American Recovery and Reinvestment Act. This is an historic victory for the country and for the American people. With this legislation, we will begin our economic recovery and efforts to put Americans back to work. This bill aims to address the immediate challenges facing our nation by creating and saving 3.5 million jobs, and providing immediate tax relief to 95% of American families.  I expect the Senate to pass this legislation tonight, so it can be sent to the President for his signature as soon as possible.


On Tuesday, I joined Budget Committee Chairman John Spratt on the House Floor to discuss President Bush’s budget legacy of deficits and debt. It is clear that the deep deficits and debt that President Obama inherited from his predecessor will make this economic crisis more difficult to end, and demand hard choices to put our nation back on a sustainable fiscal path.  This Democratic Congress and the new Administration are equally committed to reversing years of Republican recklessness and restoring fiscal responsibility as we continue on the road to economic recovery.
 
This week, the Obama Administration unveiled its financial stabilization plan to help banks resume lending to consumers and businesses. The plan, put forward by Treasury Secretary Geithner, is another important step toward economic recovery, and I look forward to working with the Obama Administration to ensure that this plan uses taxpayer money wisely. 
 
 
Sincerely yours,

Steny H. Hoyer

STENY H. HOYER



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MAJORITY NEWS UPDATE

Hoyer Statement on American Recovery and Reinvestment Act Conference Report
Today, Majority Leader Hoyer spoke on the House Floor in support of the American Recovery and Reinvestment Act conference report, which passed the House by a vote of 246-183.
 
Hoyer Statement on the Obama Administration's Financial Stabilization Plan
Majority Leader Hoyer responded to this week's announcement from Secretary Geithner about the Obama Administration’s plan to overhaul the bank rescue plan for the financial sector.
 
Hoyer: Bush Leaves Budget Legacy of Deep Deficits and an Economic Crisis

Majority Leader Hoyer spoke on the House Floor during a Special Order with Budget Committee Chairman John Spratt on President Bush’s budget legacy of deficits and debt, and the hard choices that will have to be made to restore balanced budgets.
 
Hoyer Speaks on Bipartisanship, Regular Order at Georgetown University's Transition Conference

On Thursday, Majority Leader Hoyer spoke at the Georgetown University Transition Conference at the National Press Club on the myths and realities of bipartisanship and their effect on the economic recovery debate, as well as the importance of following regular order as the 111th Congress works to address the major issues facing our nation.

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