Years of abuse by the mortgage lending industry and under-regulation by the Bush Administration have resulted in a serious housing crisis that is crippling the American economy. It is estimated that lenders file thousands of new foreclosures per day,[1] and in the next two years, as many as two million Americans may lose their homes…
Years of abuse by the mortgage lending industry and under-regulation by the Bush Administration have resulted in a serious housing crisis that is crippling the American economy. It is estimated that lenders file thousands of new foreclosures per day,[1] and in the next two years, as many as two million Americans may lose their homes…
“The strategy of being obstructionist can work or fail…and so far it’s working for us.” — Former Republican Whip, Senator Trent Lott (Roll Call, 4/18/07) Since January 2007, the Democrat-led, 110th Congress has made a significant down-payment on our promise to take the country in a new direction after nearly a decade of Republican control…
Washington, DC—Senate Majority Leader Harry Reid made the following statement today after the U.S. Senate confirmed five pending nominees to the Federal Election Commission (FEC). Since shortly before the agency lost its quorum, Senator Reid has repeatedly offered to vote on pending FEC nominees so the Commission could function, but was blocked by Republican objections…
On May 22, 2008, the Senate passed legislation to expand educational benefits for our troops and veterans who have so honorably served our country since September 11, 2001. By a vote of 75 to 22, a strong, bipartisan majority of the Senate endorsed this 21st century G.I. bill to provide today’s veterans with benefits similar…
Today, the Senate continues debate on a comprehensive housing bill that by one account could help close to half a million homeowners keep their homes. The Senate bill will strengthen the Federal Housing Administration’s ability to keep people in their homes and provide them with secure fixed-rate mortgages, reform government sponsored enterprises (Fannie Mae and…
Washington, DC—Democratic Senators John Kerry and Sherrod Brown held a press conference with a labor expert, economist and a business leader today to discuss widespread support behind bipartisan legislation that will address the housing crisis. The compromise bill would keep thousands of people at risk of foreclosure from losing their homes, help stabilize the housing…
Years of abuse by the mortgage lending industry and under-regulation by the Bush Administration have resulted in a serious housing crisis that is crippling the American economy. It is estimated that lenders file thousands of new foreclosures per day,[1] and in the next two years, as many as two million Americans may lose their homes…
In the Face of Relentless Republican Obstructionism, Senate Democrats Remain Committed to Working for Change In 2006, Democrats were elected to take the country in a new direction by advancing the priorities of the American people. By the end of the first session, under Democratic leadership, the 110th Congress had made significant down-payments on those…
Since President Bush and Vice President Cheney took office, gas prices have nearly tripled (approximately 180 percent increase), oil prices have quadrupled (approximately 325 percent increase), and the average family is spending a record six percent of income on gasoline. At the same time, energy prices are taking a toll on the American economy as rising costs have…