E-Newsletter Signup

November 18, 2008

Tuesday November 18, 2008

Today, as part of a House Financial Services Committee hearing, I participated in the Congressional oversight activities of the Treasury Department’s Troubled Assets Relief Program (TARP). I was particularly interested in hearing Treasury Secretary Henry Paulson’s reasoning behind his decisions in how to run the Program, and I listened closely to Federal Reserve Chairman Ben Bernanke’s testimony to hear his thoughts on the economy and what to expect in the coming months.

I take my oversight responsibilities very seriously, especially since the TARP is using $700 billion of taxpayers’ money. I want to ensure that this money is being spent effectively, and is providing the most benefit for the economy. Many of my constituents in the Third District of South Carolina are feeling the economic squeeze and I want to be sure that their hard-earned money is being used as efficiently as possible.