Our nation faces real challenges in balancing the need to bring down the federal deficit with the need to invest in our long-term economic prosperity. We have much to do in order to get our economy back on track, and we need responsible investments and common-sense regulatory reform to ultimately improve the ability of our nation to compete in the global economy. We still have important work to do to address the foreclosure crisis and shore-up the real estate market and we also must take steps to repair our banking system so that credit will begin flowing again to consumers and small businesses.

Senator Warner's Progress

  • In June 2011, Senator Warner introduced the bi-partisan “America Recruits Act,” that provides an additional incentive to encourage overseas employers to create and locate jobs here in the United States. This legislation would allow the U.S. Department of Commerce to provide forgivable federal loans of up to $5,000 for each new job created in the manufacturing industry and maintained for at least five years within a rural or economically-distressed region of the country. Furthermore, this legislation works with employers to strengthen worker training and industry certification programs and provides avenues to expand U.S. exports.
  • In March 2011, Senator Warner became a co-sponsor of the bi-partisan Building and Upgrading Infrastructure for Long-Term Development (BUILD) Act, which will create a new self-sustaining, independent infrastructure bank to help finance large public infrastructure projects such as bridges, rails and roads while also creating thousands of jobs throughout the next decade.
  • In November 2010, Senator Warner authored an op/ed in the Financial Times that argued for a compromise solution on the expiration of the Bush tax cuts. The op/ed received national attention and sparked debate on the future of the tax cuts.
  • In September 2010, Congress passed and President Obama signed into law “The Small Business Jobs Act.” A major part of this legislation included a program Senator Warner worked on – an expansion of an existing and effective network of state-run programs to encourage and extend needed credit to local small businesses.
  • In May 2010, Senator Warner joined a bipartisan group of Senators to successfully add a key amendment to the Wall Street reform legislation to protect the ability of "angel investors" to support small business startups that will be vital to job creation.
  • In March 2010, Senator Warner hosted a federal job fair in Stafford County for Virginians looking for work.  More than 7,000 job-seekers attended the fair.  In May, based on the overwhelming response and feedback from our March job fair, Senator Warner asked Monster.com to bring their "Keep America Working" Career Fair to Annandale.  The Monster.com fair featured nearly 50 public and private employers and offered on-site interview and hiring.  
  • Since mid-October 2009, Senator Warner has been working with the Obama administration on a proposal to boost credit to small business owners.  To learn more about his idea, click here.

Recent News on Jobs & the Economy

Here is what Senator Warner has been doing recently regarding job creation and economic recovery:

November 2012
  • 11/28/12 -
    Tweeting the #fiscalcliff
    Senator Warner held another Twitter town hall on Tuesday, fielding questions from constituents across the Commonwealth on issues as diverse as taxes, education and energy -- and even UVa’s football struggles during their 4-8 season.
  • 11/09/12 -
    Rebooting America
    Senator Warner spoke today at Reboot America, a summit focused on how startups, corporations, and policymakers can collaborate on private sector solutions to public sector challenges and helping to create jobs in the fields of energy, education, health care, national security, and more.
  • 11/08/12 -
    "Every day that we don't act, this problem gets tougher"
    “The election's over and the American people have spoken,” Senator Warner told NPR’s Melissa Block yesterday in an interview about working with the so-called “Gang of Eight” to avoid the fiscal cliff.
October 2012
  • 10/25/12 -
    "The Biggest Risk our Country Faces"
    CEOs of more than 80 big American corporations voiced support today for a comprehensive, bipartisan deficit reduction plan in a joint statement organized by the bipartisan Fix the Debt campaign. The statement calls on Congress to pass a deficit reduction package that includes tax reform that raises new revenue, entitlement reforms and spending cuts
  • 10/13/12 -
    On the Road: Roanoke
    Senator Warner stopped by the Virginia Economic Developers Association fall conference yesterday afternoon in Roanoke to deliver a keynote speech on deficit reduction and job creation. He thanked the economic developers for their hard work for the Commonwealth, and remarked that when he was Governor, he felt that his job was "economic developer in chief."
August 2012
  • 08/24/12 -
    Day Two: Buchanan, Bluefield, Dublin, Wytheville
    We kicked off day two of a three day swing around Southwest Virginia yesterday with a visit to Buchanan Mine #1 near the town of Oakwood. Senator Warner greeted miners before suiting up and heading down into the mine.
  • 08/22/12 -
    On the Road: Jonesville, Big Stone Gap and Grundy
    Senator Warner today began a three day trip through Southwest Virginia with a stop at the Lee County Chamber of Commerce in Jonesville. He spoke to about 85 people and answered questions relating to several of the issues he's done a lot of work on, including energy, education, and the fiscal cliff.
  • 08/10/12 -
    ICYMI: Senator Warner's recent travel to Southside Virginia
    In case you missed it, our staff put together this quick video about Senator Warner's recent trip to Danville, Martinsville, Rocky Mount and Bedford. The Senator held a series of town hall meetings, toured small businesses and threw the opening pitch at a collegiate league baseball game during a weekend of travel.
  • 08/06/12 -
    One Year Since the U.S. Credit Downgrade
    On the first anniversary of America’s first-ever credit rating downgrade, Senator Warner told CNN’s Erin Burnett that he continues to work within the Senate to design a broad, bipartisan roadmap to reduce the national debt.
July 2012

Here are some helpful links:

  • Recovery.gov

    The Obama Administration's website for the federal grant awards and contracts from the 2009 American Recovery and Reinvestment Act

  • FinancialStablility.gov

    A site from the Treasury Department that brings transparency and clarity to the plan to shore up our financial system

  • Stimulus.Virginia.gov

    The state government's website that tracks the distribution and allocation of recovery package funds by the Commonwealth of Virginia to local communities and organizations

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