November 6, 2008Press Item
President-elect Obama’s selection of Rahm Emanuel as White House Chief of Staff shows a strong commitment to the mandate for change given by voters on Tuesday.
November 7, 2008Press Item
Today’s job figures show an unexpectedly sharp spike in unemployment: In October, the American economy lost an additional 240,000 jobs. With job losses in nearly every sector of our economy, from blue-collar to white-collar, our unemployment rate has reached 6.5%, a 14-year high. In all, our economy has cut jobs every month of this year, for a total of 1.2 million lost since 2008 began.
October 31, 2008Press Item
We know that the economic crisis has ensnared families, small businesses, and state and local governments. Today we learn that law enforcement is also being hit hard.
October 31, 2008Press Item
In the past few days, it has come to our attention that some financial institutions are misrepresenting the intent of Secretary Paulson’s ‘Troubled Asset Relief Program.’
November 3, 2008Press Item
Winter has arrived, and with the cold weather comes another difficulty for families hit hard by the bad economy – paying to heat their homes.
October 28, 2008Press Item
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 29, 2008Press Item
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 30, 2008Press Item
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 30, 2008Press Item
The Department of Commerce releases the Gross Domestic Product numbers, which fell at a 0.3 percent annual rate in the third quarter.
October 27, 2008Press Item
Earlier today, House Democratic leaders spoke with top economists about a new economic recovery package for Main Street.
October 27, 2008Press Item
House Democratic leaders held a conference call with economic experts on possible economic recovery plan.
October 21, 2008Press Item
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 22, 2008Press Item
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 23, 2008Press Item
American workers are facing severe job losses and the prospect of a painful recession.
October 24, 2008Press Item
House Democrats urge immediate action on deteriorating economy.
October 24, 2008Press Item
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 20, 2008Press Item
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 8, 2008Press Item
Democrats respond to the release of CBO's September Budget Report.
October 13, 2008Press Item
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 13, 2008Press Item
After meeting with economic experts, Democratic Leaders announce series of hearings to develop economic recovery plan.
October 17, 2008Press Item
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 20, 2008Press Item
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 20, 2008Press Item
Democrats in Congress recognize the severity of the economic crisis for American families and will continue to work to put our economy back on track.
October 7, 2008Press Item
Today's budget numbers are another sad reminder of the Bush Administration's historic fiscal recklessness.
October 3, 2008Press Item
On Monday, the salient dividing line in this House was not between parties: It was between those who understood the dangers of doing nothing, and those who had yet to be convinced.