Blog Post

New data released today show the economy is moving forward--with GDP growing for the third straight quarter (at an annual rate of 3.2% in the first quarter of 2010) and consumer spending rising the most in three years:

Today, Reps. Chris Van Hollen (D-MD), Mike Castle (R-DE), Walter Jones (R-NC), and Robert Brady (D-PA) introduced the DISCLOSE Act responding to the Supreme Court's ruling in Citizens United v. FEC that overturned the ban on corporate contributions to political campaigns.

For the thirdstraightday, Senate Republicans sided with Wall Street over Main Street, voting to block debate on Wall Street reform.

Last June, the Energy and Commerce Subcommittee on Oversight and Investigations held a hearing on the termination of individual health policies by insurance companies, including the controversial practice of rescinding coverage after policyholders become ill.

With a large majority of Americans supporting robust oversight of Wall Street, Senate Republicans are not only blocking the reform debate, they are now offering a "package" that would dilute legislation reining in Wall Street and Big Banks--including fewer protections for consumers and weaker oversi

Today, the House passed the Rural Housing Preservation and Stabilization Act (HR 5017) by a vote of 352-62.

Democrats in Congress are committed to reining in Big Banks and Wall Street to ensure consumers and small businesses on Main Street are protected from financial crises in the future.

After Republicans voted tonight to block debate on Wall Street reform in the Senate, Speaker Pelosi issued the following statement: