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Blog Post
October 22, 2008
Today, the Oversight Committee is holding a hearing examining the actions of the three largest credit rating agencies (Standard & Poor's, Moody's Corporation, and Fitch Ratings) leading up to the current financial crisis. ABC News reports:
Blog Post
October 21, 2008
This morning, the Financial Services Committee is holding a hearing entitled, "The Future of Financial Services Regulation":
Press Release
October 20, 2008
"The Congress voted to provide capital to financial institutions so they could expand lending to businesses and consumers in American, not to prop up their own reserves. I told Secretary Paulson last week that banks must use the public dollars they receive to free up the flow of credit and instill confidence in our financial markets. Mr. Paulson's statement today reinforces Congress' intentions in making these funds available."
Press Release
October 20, 2008
"Chairman Bernanke made it clear that a new economic recovery package is critical to boost our weakening economy. In testimony today before the House Budget Committee, Chairman Bernanke added his voice to the chorus of economists, experts and policymakers who insist that America needs a job-creating recovery package to get our economy back on track and to restore consumer and investor confidence."
Blog Post
October 20, 2008
Speaker Pelosi issued the following statement on Federal Reserve Chairman Ben Bernanke's testimony this morning before the House Budget Committee and his support of an economic recovery package. The House had passed an economic recovery and job creation package in September, but it was blocked by Republicans in the Senate and opposed by the President.
Blog Post
October 20, 2008
Today, the House Budget Committee is holding a hearing on the options and challenges of an economic recovery package.
Witnesses:
The Honorable Benjamin S. BernankeChairman
Board of Governors of the Federal Reserve System
Senior Fellow
Brookings Institution
Deputy Director
Center on Budget and Policy Priorities
Director Center for Data Analysis
The Heritage Foundation
Articles
October 17, 2008
"Congress has slated a wave of hearings on economic, finance and regulatory issues, reflecting Democrats' growing ambitions in the final weeks of the 2008 election campaign."
Blog Post
October 17, 2008
Last night, Speaker Pelosi was on Charlie Rose discussing the financial rescue legislation and the need for an economic recovery package. Watch:
Blog Post
October 17, 2008
Speaker Pelosi has called on all relevant committee to schedule hearings in the coming weeks on the key provisions of a fiscally responsible recovery package so that Congress can move rapidly to get our economy moving again and to provide assistance to hard hit middle- and low income American families.
Monday, October 20: The Budget Committee, under Chairman Spratt, will hold a hearing on Economic Recovery: Options and Challenges, with Federal Reserve Chairman Ben BernankeFriday, October 24: The Education and Labor Committee, under Chairman Miller, will hold a hearing entitled "Building an Economic Recovery Package: Creating and Preserving Jobs in America."
Press Release
October 17, 2008
"Congress must address these challenges in a bipartisan manner and without delay."