Press Releases

"Just as the President and Congress worked together in recent weeks on an economic rescue plan to help bring stability to our financial markets, we must now take additional action and pass a jobs creation and economic recovery stimulus plan."

"The Federal Reserve's half-point interest rate cut, announced in coordination with European central banks, is a critical response to the economic downturn and comes on the heels of an economic rescue package passed into law last week designed to help bring stability to the financial markets. But much more must be done - urgently - to boost our economy, create jobs, and bring relief to American families affected by the faltering economy."

"We all need to assure the American people of our commitment to meaningful oversight and to protecting the interests of taxpayers. I therefore urge you to reconsider your interim guidelines and to strengthen them to avoid even the appearance of conflicts of interest by the same financial institutions who may also benefit [from this program]."

"Last week's enactment of the emergency rescue law is only the beginning of uncovering what went wrong due to deregulation and no supervision of our financial system. We will work diligently to develop common sense reforms and to change the way Wall Street is held accountable."

"The need for action is long overdue."

"The House will act today on the economic rescue package as well as an extension of unemployment benefits for Americans who are struggling through these tough economic times. We must pass these critical measures to pull our economy back from the precipice and to give workers our help and support as they continue to look for jobs."

"Today, the House acted in a bipartisan way to pass the Emergency Economic Stabilization Act with the aim of addressing the challenges felt by Americans on Main Street."

Speaker Nancy Pelosi spoke on the House floor this afternoon in support of the Emergency Economic Stabilization Act of 2008, which passed by a vote of 263 to 171.