Blog Post
Blog Post
March 26, 2009
President Obama and Congress have presented America with a budget that is a detailed blueprint for economic recovery that will cut the deficit we inherited, cut taxes for middle-income Americans, and create jobs by building a new, clean energy economy, investing in education to prepare workers for the jobs of today and tomorrow, and making health care more affordable and accessible for all Americans.
Blog Post
March 25, 2009
Today we mourn the passing of one of our nation's most distinguished scholars, historian John Hope Franklin.
His academic and civic contributions helped integrate the African-American narrative into American history -- reflecting one of our nation's most cherished goals of creating a stronger and more united America.
Blog Post
March 25, 2009
Strengthening oversight of TARP is critical to ensuring that taxpayers' funds are protected and invested prudently. Today, the House passed a bill to expand the Special Inspector General's (SIG) authority to oversee the financial rescue program enacted last fall by the Bush Administration by:
allowing the SIG to audit or investigate any action taken under the financial rescue lawgiving the SIG authority to hire more auditors and investigators quickly
Blog Post
March 25, 2009
From the Office of the Majority Leader:
What Is Budget Reconciliation?
Budget reconciliation was first introduced in the Congressional Budget Act of 1974.Budget reconciliation is an optional procedure that can be included in the annual Congressional budget resolution process.
Inclusion in the budget does not mean reconciliation will definitely be used; it merely leaves the option on the table.
Blog Post
Blog Post
March 24, 2009
The recession has put a large strain on a great many American families, especially the millions of women and families who already were struggling to make ends meet. The American Recovery and Reinvestment Act, signed by President Obama on February 17, is designed to begin to turn our economy around and includes a number of key provisions that are especially important for women and children.
Blog Post
March 24, 2009
Last week, the Chairman and CEO of the American International Group (AIG), Edward Liddy, testified before the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises. Today, the committee is holding a second hearing to more thoroughly examine the oversight of the federal government's intervention at AIG with Treasury Secretary Geithner and Federal Reserve Chairman Bernanke testifying.
Blog Post
March 23, 2009
Speaker Nancy Pelosi and her husband Paul happily welcome a new granddaughter, Isabella, born to their daughter, Christine Pelosi, and Peter Kaufman in San Francisco on Sunday, March 22:
Blog Post
March 23, 2009
The Obama Administration's new initiative for disposing of 'legacy assets' to restore the steady flow of credit to consumers and small businesses builds on strong actions to reduce home foreclosures and jumpstart our economy with the American Recovery and Reinvestment Act. Dealing with these assets is an essential step in stabilizing our financial system, promoting jobs and reviving the U.S. economy.
Blog Post
March 20, 2009
With rising unemployment and home foreclosures and a frozen credit market, it is no surprise that revenues would continue to decline and that the budget deficit President Obama inherited from the previous Administration would increase. After eight years of economic neglect, obfuscation and mismanagement, it will take time and steady leadership to get our nation's budget back in order.
The best way to reduce the deficit is to grow our economy; the best way to grow our economy is to act on the priorities in the President's budget.