A day after President Barack Obama announced new offers of mortgage relief to troubled homeowners, a bloc of Democrats sought to increase pressure on him to do more. A half-dozen lawmakers called on Obama to speak out strongly in favor of writing down...
House Democrats ramped up their pressure on the nation's leading housing regulator, telling him to reduce principal on mortgages or be fired.
Rep. Jerrold Nadler (D-N.Y.), a member of the Congressional Progressive Caucus, joined the chorus on Wednesday in urging Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA)... to write down principal balances...
"Twelve million Americans owe more money than their home is worth," Rep. Moran said. "Fannie and Freddie need to move forward with principal reductions to aid underwater homeowners, improving their balance sheets by preventing foreclosures and helping the
The Hill: GOP proposal for federal pension cut holding up agreement on payroll tax
February 15, 2012
"It's gonna be hard not to support the package with 63 [weeks] instead of 93," said Rep. Raul Grijalva (D-Ariz.), chairman of the Congressional Progressive Caucus.
The Nation: The Progressive Honor Roll of 2011
December 22, 2011
Rep. Raúl Grijalva has been just as outspoken at the federal level, working closely with his Congressional Progressive Caucus co-chair, Keith Ellison, against the GOP austerity agenda while prodding the Obama administration to support a dramatically bolde
The Hill: Why we need to restore the American dream for the 99%
December 15, 2011
On Tuesday, members of the Congressional Progressive Caucus released a grand proposal to help rebuild America and its embattled middle class–and it couldn't come at a better time.
Washington Post: The limits of our jobs debate
December 13, 2011
The CPC's "Restore the American Dream for the 99 Percent" legislation incorporates many of the smartest proposals for moving forward. It would provide programs to put 2.2 million Americans to work now...
MPR: Ellison and House liberals float jobs bill
December 13, 2011
Rep. Keith Ellison and other liberal House Democrats are trying to move the conversation to the left by offering their own year-end jobs and tax extension legislation.
Huffington Post: Progressive Caucus Challenge: Jobs Vs. Games
December 13, 2011
Members of the Congressional Progressive Caucus today unveiled legislation that looks more like the kind of economic policy and job creation discussion we should be having. Rather than playing political games over band-aids...
