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Press Release
October 29, 2008
"We are writing to express concern about the level of compensation being provided to top executives at financial institutions receiving substantial taxpayer subsidies under the Emergency Economic Stabilization Act of 2008 (EESA)."
Articles
October 28, 2008
"Congress should pass a second economic stimulus bill that could include tax cuts, an extension of unemployment benefits, or funds for roads and bridges, say a majority of economists polled recently by USA TODAY."
Blog Post
October 28, 2008
Today, House Judiciary Committee Chairman John Conyers and Subcommittee Chairs Scott and Sánchez requested information and documents from the Department of Justice and Federal Bureau of Investigation regarding their investigation into mortgage fraud stating, "a national crisis requires a national response, and the Department has yet to convince us that it did, and is doing, its part to adequately and promptly respond."
Last week, the New York Times reported on Justice Department data showing "prosecutions of frauds against financial institutions dropped 48 percent from 2000 to 2007, insurance fraud cases plummeted 75 percent, and securities fraud cases dropped 17 percent."
Press Release
October 28, 2008
"Today's announcement that consumer confidence is at an all-time low is another stark indicator that America's families and businesses are looking for leadership to solve this economic crisis."
Articles
October 27, 2008
"It took only 13 words from Fed chief Ben Bernanke to signal that another shot in the arm for the faltering U.S. economy may be coming. As congressional Democrats push for a boost aimed at Main Street costing at least $150 billion, the public face of the nation's central bank recently threw his considerable weight behind a 'significant' stimulus measure in typically understated fashion. 'Consideration of a fiscal package by the Congress at this juncture,' Bernanke said, 'seems appropriate.'"
Press Release
October 27, 2008
"Our Main Street Recovery initiative will address the economic crisis in the short-term and the long-term, creating good-paying jobs here at home and making us more competitive in the 21st century global economy. We must create millions of green jobs pursuing energy independence, educate a skilled work force to make American innovation the engine for economic growth, and build a high-tech infrastructure that brings the power of renewable energy and broadband to every small business and home in America."
Blog Post
October 24, 2008
America's families are facing an economic crisis, and the New Direction Congress is fighting for real solutions to rebuild our economy, create good-paying jobs here at home, and promote consumer and investor confidence.
KEY FINDINGS FROM THIS WEEK'S CONGRESSIONAL HEARINGS
The Budget Committee - Federal Reserve Chairman Ben Bernanke said that weakening economic conditions warrant a "consideration of a fiscal package by the Congress at this juncture."The Oversight and Government Reform Committee - Former Fed Chairman Alan Greenspan admitted that he "made a mistake" in trusting that free markets could regulate themselves without government oversight.
Blog Post
October 24, 2008
Speaker Pelosi issued the following statement today on the European Parliament's decision to award the Sakharov Prize for Freedom of Thought to Hu Jia, a Chinese human rights activist currently imprisoned by the Chinese government:
Press Release
October 24, 2008
"The announcement that Hu Jia has been awarded the Sakharov Prize for Freedom of Thought is welcome news for all those who fight for freedom and human rights in China and Tibet."
Press Release
October 22, 2008
"I am pleased by the President's decision to convene the leaders of the largest economies in the world to address the global financial crisis. In this time of global economic turmoil, it is essential for the United States to exercise the strong leadership expected by the American people and the world."