Schumer: Official Economic Recession Label Isn't News to American Families

December 1, 2008

Today, the National Bureau of Economic Research (NBER) announced that the U.S. economy began a recession in December of last year.  U.S. Sen. Charles E. Schumer, Chairman of the Joint Economic Committee, released the following statement in reaction to their findings:

“It isn’t news to American families that for the last several months our economy has been in a recession, but Washington needs to act quickly to make sure this recession doesn’t get deeper or last a day longer than it has to.” – Sen. Schumer

Joint Economic Committee