Press Releases

October 30, 2008
The Department of Commerce released more bad news today on the economy – the GDP has fallen for the first time in 2008. This is important because it means that America is producing less and selling less.
October 29, 2008
In today’s New York Times, there is a story illustrating the devastating impact that the current economic crisis is having on Joe the consumer.
October 28, 2008
While the rise in unemployment has been the focus of many news stories throughout the recent economic downturn, a related issue that has received far less attention is the effect ‘underemployment’ is having on America’s working families.
October 27, 2008
Earlier today, House Democratic leaders spoke with top economists about a new economic recovery package for Main Street.
October 24, 2008
I appreciate Chairman Greenspan’s candor, and I hope to see similar candor from conservatives in the days to come. It is clear that knee-jerk Republican deregulation has failed.
October 23, 2008
American workers are facing severe job losses and the prospect of a painful recession.
October 22, 2008
A troubling story in the New York Times today illustrates how the economic crisis is taking a serious, and in some cases dangerous, toll on the everyday lives of many Americans – with some forced to forego necessary prescription drugs so that they can pay for food or keep a roof over their heads.
October 21, 2008
On today’s front page of USA Today, there are two stories illustrating the devastating impact that the current economic crisis is having on communities around the country.
October 20, 2008
In this time of great economic crisis, millions of American families are struggling to support their most basic needs and worry that access to higher education for their children is in jeopardy.
October 20, 2008
Testifying today before the House Budget Committee, Federal Reserve Chairman Ben Bernanke voiced his support for an economic recovery package. Subsequent White House comments indicate President Bush is moving towards Democrats’ position on this vital issue as well.
October 17, 2008
Republicans’ eight years in the White House, and six years at all the levers of power, have resulted in a faltering economy, a failing energy policy, record deficits and debt, numerous cases of corruption, and an America overstretched and weakened in the world.
October 13, 2008
Let me assure you: No one here underestimates the gravity of our economic crisis. But I left today's meeting confident that the Emergency Economic Stabilization legislation Congress passed early this month gives the Treasury Department the authority and flexibility it needs to respond to this crisis.
October 7, 2008
Today's budget numbers are another sad reminder of the Bush Administration's historic fiscal recklessness.
October 7, 2008
In an ongoing effort to ensure a successful 2010 Decennial Census, leaders in the House of Representatives sent a letter to Senators Barack Obama and John McCain today emphasizing the need for the next Administration to make the census a top priority.
October 3, 2008
I was disappointed by the Senate’s failure to pass H.R.7112, the Iran Sanctions, Accountability and Divestment Act of 2008, due to Republican opposition.
October 3, 2008
Today’s unemployment report is more discouraging news about the state of our economy. America has lost jobs every month of 2008; September’s loss of 159,000 jobs brings the yearly total to more than three-quarters of a million.
October 2, 2008
The House will consider the Emergency Economic Stabilization Act tomorrow morning.
October 1, 2008
Democrats are continuing to work around the clock in a bipartisan way on legislation to address the economic crisis.
September 30, 2008
Democrats remain focused on how we can work towards a bipartisan response to the economic crisis facing our nation.
September 30, 2008
I am talking with my House colleagues about the Senate action and how to best proceed taking that into consideration and determining what action in the House will be most successful.
September 29, 2008
As I said on the House floor, today was a very consequential day. We are facing a severe economic downturn, and it was crucial for Democrats and Republicans to come together to support the financial rescue plan put forward by President Bush and Secretary Paulson.
September 29, 2008
At this time, the House is scheduled to meet at noon on Thursday. However, whether the House will consider legislation regarding the economic crisis has not been determined.