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Press Release
Pelosi Statement on Senate Passage of Economic Rescue Plan
October 1, 2008
"Times of crisis demand decisive bipartisan action and I welcome Senate passage of the economic rescue plan, which includes robust safeguards to ensure that taxpayers are protected through oversight and accountability."
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Press Release
Pelosi and Reid to Bush: 'We Are Committed to Working With You and Our Republican Colleagues to Enact a Bipartisan Bill Without Further Delay'
September 30, 2008
"We must continue our bipartisan efforts of the past two weeks to pass a comprehensive bill to help stabilize our financial system and protect the American taxpayer."
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Press Release
Pelosi Statement on Senate Agreement to Vote Tomorrow Night on Legislation to Address Financial Crisis
September 30, 2008
"Ever since yesterday's vote, House leaders have been in frequent communication with each other and the White House to find a plan that can win strong bipartisan approval in the House. Many Members have offered ideas to modify the emergency bill narrowly defeated yesterday, and we are discussing those recommendations."
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Blog Post
Pelosi, Reid to Bush: We Are Committed to Working With You and Our Republican Colleagues to Enact a Bipartisan Bill Without Further Delay
September 30, 2008
Speaker Pelosi and Senate Majority Leader Harry Reid sent the following letter this afternoon to President Bush on the urgent need to pass bipartisan legislation to address the crisis in the financial markets:

September 30, 2008

The Honorable George W. Bush

The President of the United States

The White House

1600 Pennsylvania Avenue, NW

Washington, D.C. 20500

Dear Mr. President:

Yesterday's defeat of the Economic Emergency Stabilization Act resulted in additional severe economic impacts both on Wall Street and on Main Street. The consequences of yesterday's vote -- an historic drop in the stock market and the loss of $1.2 trillion in savings, investments, and retirement funds -- had a major impact on American families, small businesses, and others that demonstrated the imperative for Congressional action.

Press Release
Pelosi Floor Statement on Bipartisan Financial Rescue Legislation
September 29, 2008
"Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos."
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Speech
Pelosi Floor Statement on Bipartisan Financial Rescue Legislation
September 29, 2008
"Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos."
Press Release
Pelosi Statement on Rosh Hashanah
September 29, 2008
"As Rosh Hashanah begins this evening I send my best wishes the Jewish Community for a happy, healthy and peaceful New Year."
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Blog Post
Speaker Pelosi on the Emergency Economic Stabilization Act of 2008
September 29, 2008
Speaker Pelosi spoke on the House floor in support of the Emergency Economic Stabilization Act of 2008:

To read a transcript, click here.

Blog Post
More Resources on the Emergency Economic Stabilization Act of 2008
September 28, 2008
Summary of the Emergency Economic Stabilization Act of 2008 from the House Financial Services Committee:

EMERGENCY ECONOMIC STABILIZATION ACT OF 2008

I. Stabilizing the Economy

The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other assets that are clogging the balance sheets of financial institutions and making it difficult for working families, small businesses, and other companies to access credit, which is vital to a strong and stable economy. EESA also establishes a program that would allow companies to insure their troubled assets.

II. Homeownership Preservation

Blog Post
The Emergency Economic Stabilization Act of 2008
September 28, 2008
Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets--including requiring a plan to ensure the taxpayer is repaid in full.

Read the Emergency Economic Stabilization Act of 2008 (SUBJECT TO FURTHER TECHNICAL REVISIONS) .pdf >>

CRITICAL IMPROVEMENTS TO THE RESCUE PLAN

Democrats have insisted from day one on substantial changes to make the Bush-Paulson plan acceptable--protecting American taxpayers and Main Street--and these elements are included in the draft legislation under consideration.

PROTECTION FOR TAXPAYERS, REQUIRING A PLAN TO BE REPAID IN FULL

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