Press Releases
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi today issued the following statement on third quarter Gross Domestic Product (GDP) numbers, which shrank at a 0.3 percent annual rate in the July-September, marking the worst showing since the 2001 recession, and weekly applications for unemployment benefits, which remained at 478,000, near an all time high.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi issued the following statement today on a new report released today that shows that U.S. consumer confidence index has plunged to an all-time low. The U.S. Conference Board said its index measuring consumer confidence dropped to 38 in October from 61.4 in September. That was the lowest reading since the index began in 1967.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi issued the following statement today after House Democratic leaders held a conference call with economic experts, many of whom met with the congressional leaders on October 13. The House passed an economic recovery and job creation package in September, but it was blocked by Republicans in the Senate and opposed by the President.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. – Speaker Nancy Pelosi issued the following statement today on the European Parliament’s decision to award the Sakharov Prize for Freedom of Thought to Hu Jia, a Chinese human rights activist currently imprisoned by the Chinese government.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. -- Speaker Nancy Pelosi issued the following statement today after the White House announced that the President will host a summit with international leaders on November 15 to address the global financial crisis. In an October 9, 2008 letter, Speaker Pelosi and Senator Reid had urged the President to take a leadership role in bringing world leaders together on this issue:
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. -- Speaker Nancy Pelosi today issued this statement following remarks by Treasury Secretary Henry Paulson who called on financial institutions about to receive $250 billion in capital infusions from the federal government to use part of such capital to free up the flow of credit in financial markets. Paulson also urged financial institutions to work with homeowners to avoid foreclosures.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. – Speaker Nancy Pelosi announced today that the Department of the Treasury’s New Markets Tax Credit (NMTC) Program will provide $71 million in tax credits to organizations based in San Francisco that make qualified investments supporting business activities in low-income communities.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi issued the following statement on Federal Reserve Chairman Ben Bernanke’s testimony this morning before the House Budget Committee and his support of an economic recovery package. The House had passed an economic recovery and job creation package in September, but it was blocked by Republicans in the Senate and opposed by the President.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi sent the following letter today to Treasury Secretary Henry Paulson urging him to send a clear signal to financial institutions about to receive $250 billion in capital infusions from the federal government that part of such capital should be used to relieve the credit crunch, as intended by Congress and the Administration.
Below is a text of the letter:
October 17, 2008