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Frank Urges Paulson to Use TARP Funds to Stem Foreclosures
November 20, 2008
Financial Services Committee Chairman Barney Frank sent a letter today to Treasury Secretary Paulson, following up on issues raised at Tuesday's House Financial Services Committee oversight hearing on the Troubled Assets Relief Program (TARP). In the letter, Chairman Frank continues his call for Secretary Paulson to immediately use funds authorized by TARP legislation to help stem foreclosures.

The full text of the letter:

The Honorable Henry M. Paulson. Jr.

Secretary

Department of the Treasury

Washington, DC 20220

Dear Mr. Secretary:

Blog Post
Until They Show Us The Plan, We Cannot Show Them The Money
November 20, 2008
Speaker Pelosi, Leader Harry Reid, and House and Senate Democratic leaders held a news conference this afternoon in the Capitol to discuss aid to the domestic auto industry.

The Associated Press reports:

Dems demand business plan from Big Three

Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable.

"Until they show us the plan, we cannot show them the money," Speaker Nancy Pelosi, D-Calif., said at a hastily called news conference in the Capitol.

Blog Post
On Jobless Claims Rising to Highest Level in 16 Years
November 20, 2008
With more Americans filing for jobless claims than at any time since the 1992 recession, Congress and the President must act to extend unemployment benefits for workers. I am pleased that President Bush has today joined the New Direction Congress in supporting this critical step.

The depth of the nation's economic problems demands additional action, which is why the House passed strong economic recovery and job creation legislation in September that creates jobs by investing in infrastructure, extends unemployment benefits, helps states avoid deep cuts to critical services, and provides nutrition assistance to struggling families. President Bush and Senate Republicans should work with us to help make this legislation law.

Press Release
Pelosi Statement on Congress Sending Unemployment Insurance Legislation To President
November 20, 2008
"With more Americans filing jobless claims than at any time since the 1992, the Senate's passage of the House's unemployment insurance extension legislation will help speed relief to more than 2 million workers who continue to search for new jobs in these difficult economic times. No American who is ready, willing and able to work and provide for their family should find themselves cut off from this critical assistance. I look forward to the President signing this legislation into law this week.
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Press Release
Pelosi Statement on House Energy and Commerce Chairmanship
November 20, 2008
"John Dingell is a giant of the Congress and his leadership over the last 28 years as Chairman and Ranking Member of the Energy and Commerce Committee is unsurpassed. As Chairman Emeritus, John Dingell will continue in his tradition of strong and steady leadership on behalf of all Americans."
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Press Release
Pelosi to Auto Industry: Show Us a Plan for Viability
November 20, 2008
Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, and House and Senate Democratic leaders held a news conference this afternoon in the Capitol to discuss aid to the domestic auto industry.
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Press Release
Pelosi Statement on Jobless Claims Rising to Highest Level in 16 Years
November 20, 2008
"With more Americans filing for jobless claims than at any time since the 1992 recession, Congress and the President must act to extend unemployment benefits for workers. I am pleased that President Bush has today joined the New Direction Congress in supporting this critical step."
Read More
Blog Post
Video Highlights From Financial Services Hearing on Assisting the American Automobile Industry
November 19, 2008
Today, the House Financial Services Committee held a legislative hearing on extending the Department of Treasury's Troubled Asset Relief Program (TARP) to the U.S. auto industry. The draft legislation will extend the recently passed TARP program to help the financial stability of the American car industry.

Watch the archived webcast>>

Read prepared testimony>>

Chairman Barney Frank:

Blog Post
Congresswoman Marcia Fudge
November 19, 2008
Today, Congresswoman Marcia Fudge was sworn in on the House floor to fill the 11th district seat of Ohio vacated by the passing of Congresswoman Stephanie Tubbs Jones:

"I look forward to working with you, because there is much work to be done, and I am certainly up to the task. I am a person that you can count on, I will work hard, because I know what my job is. My job is to serve the people who put me here. I know that my job is to do the most for those who have the least. I will work hard, because I have promises to keep. I have made promises not only to myself and the people of the eleventh district, but to my departed friend. Count on me, because I do have promises to keep."

Blog Post
Markey: Obama YouTube Climate Address is a Breath of Fresh Air
November 19, 2008
The Chairman of the Select Committee on Energy Independence and Global Warming, Ed Markey, responded to President-Elect Obama's YouTube address on climate change policy via You Tube:

Hi, I am Congressman Ed Markey, Chairman of the Select Committee on Energy Independence and Global Warming.

I just wanted to congratulate President Elect Barack Obama on his speech today which laid out a new direction for the United States in the battle to fight Global Warming.

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