Daniel Reilly, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on Federal Reserve Chairman Ben Bernanke's speech:
"I believe that Federal Reserve Chairman Bernanke was correct today when he observed that partisan brinksmanship over the debt limit damaged financial markets and the American economy. Now that both parties have named the members of the bipartisan joint committee on the deficit, it is time to address our nation's serious budget challenges with less concern for partisan advantage, and more concern for the common good and our shared fiscal future.
"The committee must adopt a balanced solution that addresses all of the causes of our deficit--a solution that addresses both spending and revenue. At the same time, Congress must take more action to help the millions of Americans who continue to face economic struggles. I believe that we can create jobs and make our nation more competitive by adopting the Democrats' Make It In America plan, a legislative program aimed at reviving American industry and creating well-paying manufacturing jobs."