New data released today show the economy is moving forward–with GDP growing for the third straight quarter (at an annual rate of 3.2% in the first quarter of 2010) and consumer spending rising the most in three years: AP, Consumer … Continue reading
Today, Reps. Chris Van Hollen (D-MD), Mike Castle (R-DE), Walter Jones (R-NC), and Robert Brady (D-PA) introduced the DISCLOSE Act responding to the Supreme Court's ruling in Citizens United v. FEC that overturned the ban on corporate contributions to political … Continue reading
For the third straight day, Senate Republicans sided with Wall Street over Main Street, voting to block debate on Wall Street reform. Later this afternoon, however, the Senate Republicans finally decided to allow a debate Wall Street reform: Senate Republicans … Continue reading
Last June, the Energy and Commerce Subcommittee on Oversight and Investigations held a hearing on the termination of individual health policies by insurance companies, including the controversial practice of rescinding coverage after policyholders become ill. At the hearing, Chairman Waxman … Continue reading
With a large majority of Americans supporting robust oversight of Wall Street, Senate Republicans are not only blocking the reform debate, they are now offering a “package” that would dilute legislation reining in Wall Street and Big Banks–including fewer protections … Continue reading
Today, the House passed the Rural Housing Preservation and Stabilization Act (HR 5017) by a vote of 352-62. The legislation ensures that families in rural communities continue to have access to much-needed affordable mortgages at no cost to the taxpayers … Continue reading
Democrats in Congress are committed to reining in Big Banks and Wall Street to ensure consumers and small businesses on Main Street are protected from financial crises in the future. Last night, every Republican voted to block Wall Street reform … Continue reading
After Republicans voted tonight to block debate on Wall Street reform in the Senate, Speaker Pelosi issued the following statement: For more than a decade, Congressional Republicans failed to provide robust oversight of Wall Street, which crippled our financial system … Continue reading
Today, the Office of the Clerk beta launched HouseLive.gov–a streaming video feed of the House Floor: The site also hosts searchable and downloadable video archives going back to the start of the 111th Congress (January 6, 2009) and has a … Continue reading
Nearly two years after Republicans' failure to provide common-sense oversight of Big Banks and Wall Street almost brought down our financial system and resulted in 8 million American jobs lost, Congressional Republicans continue to protect Wall Street over Main Street. … Continue reading