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February 19, 2009
Speaker Pelosi sent the following letter today to House Committee Chairs, asking them to schedule oversight hearings to examine the budgets of federal agencies under their jurisdiction saying, "as our nation continues to confront severe budget deficits as a result of unsound economic policy and lax regulation over the last eight years, it is essential that, as we advance our priorities, House Committees also conduct rigorous oversight of all aspects of federal spending and government operations to help achieve deficit reduction and long-term fiscal responsibility."

The letter:

February 19, 2009

Dear Chairman:

Press Release
February 18, 2009
“President Obama's unveiling of his Homeowner Affordability and Stability Plan represents a comprehensive strategy to reduce record foreclosures and stop the nationwide plunge in home values. Addressing the foreclosure crisis is essential to get our economy moving again."
Press Release
February 18, 2009
“In our conversation, I had the opportunity to praise the Church's leadership in fighting poverty, hunger, and global warming, as well as the Holy Father's dedication to religious freedom and his upcoming trip and message to Israel."
Blog Post
February 18, 2009
President Obama's unveiling of his Homeowner Affordability and Stability Plan represents a comprehensive strategy to reduce record foreclosures and stop the nationwide plunge in home values. Addressing the foreclosure crisis is essential to get our economy moving again.

Congress stands ready to complement the Administration's efforts by acting on Judiciary Committee Chairman John Conyers' legislation to reform our bankruptcy laws, so that judges can modify mortgages and responsible homeowners can stay in their homes. We will also act on Financial Services Committee Chairman Barney Frank's legislation to improve the Hope for Homeowners program, which will provide millions of American homeowners refinancing alternatives to prevent their homes from being foreclosed.

Press Release
February 17, 2009
“Today, less than one month after taking office, President Obama signed into law the American Recovery and Reinvestment Act, answering the calls of the American people for urgent action to turn around our economy and create millions of jobs."
Press Release
February 17, 2009
“The submission of restructuring plans by GM and Chrysler represents the next step in what has been a difficult and disappointing chapter for the American economy, but I hope will become the transformation of our domestic automobile industry into a viable, technologically advanced, and globally competitive manufacturing force."
Articles
February 17, 2009
"An optimistic President Obama signed a massive economic stimulus bill in Denver this afternoon, enacting a law he has said is necessary to avoid catastrophe."
Blog Post
February 17, 2009
Today, less than one month after taking office, President Obama signed into law the American Recovery and Reinvestment Act, answering the calls of the American people for urgent action to turn around our economy and create millions of jobs.

The Congress and the President understand the deep apprehension that the American people feel -- about their jobs, their health care, and the economic security of their families. Congress has responded with swift, bold, and sweeping legislation that will help create and save millions of jobs and transform our nation, with tough accountability and transparency.

Today is a day of new jobs, new hope, and a New Direction for the American economy.

Articles
February 17, 2009
"An optimistic President Obama signed a massive economic stimulus bill in Denver this afternoon, enacting a law he has said is necessary to avoid catastrophe."
Blog Post
February 17, 2009
Today, President Obama will sign the American Recovery and Reinvestment Act into law. Learn more about how the legislation will help you and your state by reading these fact sheets from the White House:

Image removed.OVERVIEW ON AMERICAN RECOVERY AND REINVESTMENT ACT>>

IMPACT OF AMERICAN RECOVERY AND REINVESTMENT ACT ON WORKING FAMILIES>>