Economy
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Legislation | Links | Press Releases
As Chair of the Joint Economic Committee, I will continue to aggressively push to address the serious economic crisis our country faces. The Committee will focus on the economic crisis and recession as they unfold, and will be actively involved with crafting our path to recovery.
The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy. As Chair, I am committed to providing an accurate and up to date picture of our economy by holding hearings and releasing reports that review crucial aspects of our nation’s economic policy. Each week, the JEC’s staff prepares the Weekly Economic Digest. The Digest tracks and analyzes the trends of key economic indicators, such as employment, productivity, inflation, retail sales, housing starts, and the financial markets. Members of Congress and others find the digest useful as a quick reference for recent statistics on the economy.
Legislation
03/09/95 - H.R.1183, Social Security Sanctions Reform Act [104th Congress]
08/06/93 - H.R.2698, Retroactive Income Tax Increase Prohibition Act [103rd Congress]
Links
More on Economy
Statement of Rep. Carolyn Maloney on President Obama’s Upcoming Address to Congress.
New York, NY – U.S. Rep. Carolyn Maloney (D-NY) issued the following statement on the decision by Standard and Poor’s (S&P) to downgrade America’s credit rating.
“Today’s announcement that 117,000 jobs were added to the economy in July was better than expected – but our current unemployment rate is a sobering reminder of just how fragile our economic recovery continues to be.
NEW YORK, NY - Today Congresswoman Carolyn Maloney (D-Manhattan, Queens) issued the following statement after President Obama signed into law an agreement on a short-term extension of the Federal Aviation Administration (FAA) that will enable the agency to end its partial shutdown and allow more than 70,000 Americans to return to work.
WASHINGTON, DC-- Rep. Carolyn B. Maloney issued the following statement after voting "no" on S. 365, the bill which would raise the debt ceiling and make massive cuts over ten years to the federal budget.
NEW YORK, NY – Following last night’s televised statements by President Barack Obama and House Speaker John Boehner (R-OH), Congresswoman Carolyn Maloney (D-Manhattan, Queens) released the following statement on extending the national debt ceiling, which the U.S. Treasury Department has said is set to be reached on August 2, 2011.
“The numbers show the barest possible job growth in the month of June. There’s no way to sugar-coat it-- it will clearly take more work to fully restore the economy.
“Yet since Republicans regained the House majority, they haven’t offered a plan to create jobs—let alone pass a single direct job-creation bill. They seem far more focused on delaying financial reforms meant to prevent another crisis, preserving corporate tax breaks and ending Medicare as we know it while protecting the highest-income Americans from paying their fair share. It’s a recipe that should give middle class Americans pause.”
WASHINGTON, DC – Congresswoman Carolyn Maloney (D-NY) issued the following statement today the release of new Labor Department data indicating that the U.S. economy added 54,000 jobs in May, with unemployment climbing to 9.1 percent.
“Today’s announcement of 216,000 private sector jobs created in March and a drop in the unemployment rate from 8.9 to 8.8 percent—and a full point drop in just the last four months--marks the rise of employment for the 13th straight month. So after two years of hard work on the part of the administration and Democrats in Congress, our efforts are bearing fruit, slowly but surely.
“While the proposed cuts would be devastating to Americans as a whole, this bill will change the daily lives of women for the worse,” Maloney said in her report, viewable here. “This is a distinct, frontal attack on the needs of women, from birth to old age: