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Press Release
November 17, 2008
"As Speaker of the House, it is my distinct honor and high privilege to welcome our New Member class for the 111th Congress and their families to the United States Capitol."
Blog Post
November 15, 2008
As Congress prepares to address the economic crisis facing the domestic automobile industry, Speaker Pelosi released the following statement today concerning legislation under development by House Democrats:
Recognizing the severe challenges facing the domestic automobile industry, whose failure could jeopardize millions of jobs here at home and have a devastating impact on our economy, the House Democratic bill will provide immediate, targeted assistance to allow the carmakers, together with affected unions, time to develop a plan to assure the long-term viability of the industry.That plan must reflect these principles:
Restructure the automobile companies to ensure their long-term economic viability;Meet standards for fuel efficiency that ensure the competitiveness of U.S. autos, including new fuel-efficiency standards;
Press Release
November 15, 2008
"Recognizing the severe challenges facing the domestic automobile industry, whose failure could jeopardize millions of jobs here at home and have a devastating impact on our economy, the House Democratic bill will provide immediate, targeted assistance to allow the carmakers, together with affected unions, time to develop a plan to assure the long-term viability of the industry."
Blog Post
November 14, 2008
This afternoon the Bush Administration proposed that the automobile industry be given "quick access to a $25 billion federal loan program, by dropping a requirement that the money be spent on converting to fuel-efficient vehicles." Speaker Pelosi released the following statement:
Blog Post
November 14, 2008
Speaker Pelosi and Senate Leader Reid announced today the appointment of three members to the Congressional Oversight Panel, which will review and report to Congress on the current state of the financial markets and the regulatory system:
Blog Post
Press Release
November 14, 2008
Speaker Pelosi appointed Richard H. Neiman, Superintendent of Banks in New York, and Majority Leader Reid appointed Elizabeth Warren of Harvard Law School. Pelosi and Reid jointly appointed Damon Silvers, AFL-CIO Associate General Counsel.
Press Release
November 14, 2008
"The President's proposal would unwisely divert money urgently needed for modernization of the U.S. auto industry, so that it can be competitive in the future, making energy-efficient vehicles and meeting our national security imperative of energy independence."
Blog Post
November 13, 2008
America's working families are facing worsening economic conditions. The number of homeowners receiving foreclosure notices increased 25 percent from a year ago and the number of newly laid-off Americans filing for jobless benefits is at a seven-year high. In these difficult times, the American people expect solutions from Congress and the Bush Administration.
The need for action is clear and urgent, but the Administration is failing to move aggressively to stem the tide of foreclosures and refusing to use the authority it has been given by Congress to help homeowners. Addressing the underlying problem of home foreclosures and stopping the drop in home values is necessary to restore confidence in our financial system, get credit moving again, and boost economic growth.
Press Release
November 13, 2008
"America's working families are facing worsening economic conditions. The number of homeowners receiving foreclosure notices increased 25 percent from a year ago and the number of newly laid-off Americans filing for jobless benefits is at a seven-year high."