This morning, the Financial Services Committee is holding a hearing entitled, “The Future of Financial Services Regulation”: The Committee will hold a hearing to address the need for broad regulatory restructuring and reform for the financial markets, including financial institution … Continue reading
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 … Continue reading
Today, the House Budget Committee is holding a hearing on the options and challenges of an economic recovery package. Witnesses: The Honorable Benjamin S. Bernanke Chairman Board of Governors of the Federal Reserve System Martin N. Baily, Ph.D. Senior Fellow … Continue reading
Last night, Speaker Pelosi was on Charlie Rose discussing the financial rescue legislation and the need for an economic recovery package. Watch:
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 … Continue reading
Reflecting record high prices facing American consumers, a 5.8 percent cost-of-living adjustment (COLA) for Social Security beneficiaries was announced today. The AP reports: Social Security checks grow a bit as stocks shrink, 10/16/08 The 5.8 percent increase announced Thursday by … Continue reading
Oversight Committee Chairman Waxman wrote to Secretary of Defense Robert Gates today regarding internal Defense Department documents that assert that the International Oil Trading Company (IOTC) charged prices that were not “fair and reasonable” to deliver fuel through Jordan to … Continue reading
Today, the House Oversight Committee released a draft report finding “that the White House used the political affairs office to orchestrate an aggressive strategy to use taxpayer-funded trips to help elect Republican candidates for public office.” Over the course of … Continue reading
Today, USA Today published an editorial by Speaker Pelosi about the need for an economic recovery package: We need to do more Large economic stimulus package will benefit American families By Nancy Pelosi On Monday, America’s foremost economists told House … Continue reading
The coordinated actions announced today by the Treasury Department, the Federal Deposit Insurance Corporation, and the Federal Reserve are steps in the right direction that could help to restore confidence in our financial markets and the routine flow of credit … Continue reading