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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
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi released the following statement today on the announcement of a 5.8 percent cost-of-living adjustment (COLA) for Social Security beneficiaries in 2009, the largest percentage increase since 1982. The increase is a reflection of the record high prices facing American consumers.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
San Francisco – A spokesperson for Speaker Nancy Pelosi read the following statement during a Transportation for America press conference today as Bay Area transportation, environmental, and labor organizations released a five-point plan for strengthening our economy.
"I am pleased to join the Transportation for America coalition this morning to call attention to our country's need to rebuild and renew our transportation system.
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi today issued the following statement on the need for an economic recovery package. In keeping with the Speaker’s request, the House Budget Committee, Ways and Means Committee, Education and Labor Committee, Joint Economic Committee and others will conduct hearings on a new economic recovery package:
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. — Speaker Nancy Pelosi issued the following statement today in response to the Bush Administration’s plan to recapitalize the nation’s financial institutions to help stabilize the U.S. economy: