Newsroom

August 27, 2010Press Item
Credit card reform came too late for 20-year-old Tamaira Shaw. The junior at the University of the District of Columbia got a preapproved credit card from Bank of America in the mail her freshman year of college. It had her name on it and a $500 limit, and she took it as a license to spend. Within three days, she bought a cellphone, clothes and textbooks - and maxed out her card. Her mother is still helping her pay off the balance - plus hundreds of dollars in finance charges and fees.
August 27, 2010Press Item
Five years ago this week, Hurricane Katrina made landfall in the Gulf Coast, leaving a path of destruction in its wake. On this solemn occasion, we pause to remember those who lost their lives and those whose livelihoods were forever changed by this tragedy. Today, the region continues to recover and rebuild, thanks to the indomitable spirit of the people of the Gulf Coast.
August 27, 2010Press Item
Today, we honor the life and legacy of President Lyndon Johnson, a man who worked tirelessly to put an end to poverty and racial injustice, helping to forever shape the destiny of our country. President Johnson's courageous leadership and bold vision of a Great Society were instrumental in creating Medicare and Medicaid, the landmark Civil Rights and Voting Rights Acts, and many other achievements that still help millions of Americans claim their right to equal opportunity.
August 27, 2010Press Item
On Tuesday, the Congressional Budget Office announced that the Recovery Act raised economic growth by as much as 4.5 percent in the last quarter and may have saved as many as 3.3 million jobs.
August 26, 2010Press Item
The American Recovery and Reinvestment Act of 2009 — President Obama's $787 billion stimulus — has been marketed as a jobs bill, and that's how it's been judged. The White House says it has saved or created about 3 million jobs, helping avoid a depression and end a recession. Republicans mock it as a Big Government boondoggle that has failed to prevent rampant unemployment despite a massive expansion of the deficit. Liberals complain that it wasn't massive enough.
August 26, 2010Press Item
When Republicans put in place their tax plan in 2001 and 2003, they set tax cuts to expire at the end of 2010. Democrats are working to prevent this Republican tax increase from hitting middle-class families and small business, and only letting tax cuts for the very wealthy expire. Republicans falsely claim that this will harm small businesses, which is not the case.
August 25, 2010Press Item
Small businesses will see real benefits under the Democrats' health care reform law. The health care reform law provides employers a tax credit for employee health insurance starting this year. Through these tax credits, the security of access to quality, affordable health care becomes attainable for small businesses and their employees.
August 24, 2010Press Item
The Democrats' stimulus raised economic growth by as much as 4.5 percent in the last quarter and may have increased the number of people with jobs by more than 3 million, according to a Congressional Budget Office (CBO) report released Tuesday.
August 24, 2010Press Item
Biden releases report detailing how Recovery Act is helping to achieve U.S. science and technology milestones.
August 20, 2010Press Item
General Motors filed for Initial Public Offering on Wednesday, “highlighting a remarkable turnaround for the corporate giant a year after its bankruptcy and setting the stage for Washington to withdraw from its majority ownership stake in the automaker.”
August 19, 2010Press Item
Today's projections from the CBO reinforces the need for continued work to bring down the deficit and further strengthen the economy, while also showing that Democrats' actions have had a positive impact. The deficit for Fiscal Year 2010, while lower than previously projected, is still far too high. Democrats have taken real steps to restore fiscal responsibility, including returning to the pay-as-you-go law that led to surpluses in the 1990's, creating a fiscal commission to put forward solutions to balance the budget, and passing a budget that cut spending.
August 19, 2010Press Item
More than seven years after the beginning of the war in Iraq, the last American combat brigade heads home today. I join all Americans in thanking our brave men and women in uniform for the courage and the sacrifice they have shown, year after year. Together we also mourn the loss of all those who lost their lives in the service of their country.
August 19, 2010Press Item
Last US Combat Brigade from Iraq returns home
August 18, 2010Press Item
"Ninety years ago today, women were granted the most fundamental expression of equality in democracy—the right to vote. As we pause to honor this landmark day in our nation's history, we must commemorate the efforts of a fearless group of women, who worked tirelessly to ensure that all women would have the same fundamental rights as men.
August 13, 2010Press Item
Retail sales managed a modest increase in July after two consecutive monthly declines, but the strength was concentrated in higher sales of autos and gasoline. Most other retailers saw their sales fall.
August 13, 2010Press Item
"For 75 years, Social Security has stood as an unbroken promise to America's seniors: that after a lifetime of hard work, they have the assurance that they can retire with real security. Where many seniors were once faced with a life of poverty, for the last 75 years they have instead been able to lead a life of dignity.
August 13, 2010Press Item
After declining 0.3 percent in June and 1 percent in May, retail sales increased in July.
August 13, 2010Press Item
Statements celebrating social security anniversary from House and Senate leadership.
August 11, 2010Press Item
Statements on Passage of Bill to Save Jobs for Teachers, Police & First Responders
August 11, 2010Press Item
Today, President Obama is signing into law the U.S. Manufacturing Enhancement Act, a key piece of Democrats’ “Make it in America” agenda that supports increased manufacturing in the U.S. and creating more manufacturing jobs right here at home.  Yesterday, he signed two other Make it in America bills into law, meaning three components of the manufacturing agenda have now been enacted:
August 11, 2010Press Item
I'm pleased the President signed another piece of Democrats' Make it in America agenda into law today. Manufacturing is a critical sector of our economy, vital to both our economic recovery and to our national security. No other sector can replace manufacturing, and Democrats are committed to restoring a vibrant and strong manufacturing base in the U.S. The bill signed into law today, the U.S. Manufacturing Enhancement Act, will make it cheaper for manufacturers to get the materials they need to make their products right here in America, spurring more manufacturing and supporting an estimated 90,000 manufacturing jobs across the country.
August 10, 2010Press Item
The House interrupted its summer recess on Tuesday to approve $26 billion in aid to school districts and states to prevent large-scale layoffs of teachers and public employees and to engage in another partisan fight over policy priorities.
August 10, 2010Press Item
House Majority Leader Steny H. Hoyer (MD) discussed Democratic efforts to save jobs on CNBC's Squawkbox this morning.