Economy & Budget

How oversight should work (Rep. Darrell Issa)

Earlier this year, the Congressional  Research Service released a report underscoring the important function that congressional  oversight plays in working with the executive branch: "A fundamental objective of congressional oversight is to hold executive officials accountable for the implementation of delegated authority. This objective is especially important given the huge expansion of executive influence in the modern era."

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Democrats will pursue progress in American economy (Rep. Steny H. Hoyer)

As we work to recover from the worst economic crisis since the Great Depression, both Republicans and Democrats have offered plans for our economy. Republicans' own Congressional campaign chair admitted that they intend to return America to the "exact same agenda" of the Bush years -- the agenda that got our economy into this mess. Democrats, on the other hand, believe that when more products are made in America, more families will be able to Make It In America. That's why Democrats are pursuing the Make It In America agenda, a plan to create middle-class jobs by rebuilding our manufacturing sector. Reinvigorating manufacturing will be at the top of Democrats' agenda for a long time to come, and it will remain a top priority in the next Congress, where we expect to retain the majority -- because Americans still look to Democrats to strengthen the middle class.

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Hi-speed rail is a boondoggle

Earlier this summer, U.S. Transportation Secretary, Ray LaHood was in Wisconsin to release $46.7 million of the $810 million in federal stimulus money designated for a train line between Milwaukee and Madison. Releasing these federal funds now is both premature and irresponsible. Public support for the Madison-Milwaukee train has fallen to just 41 percent as weary taxpayers watch our roads and bridges crumble without sufficient funds to repair them.

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Jobs on the decline in September report (Rep. John Kline)

Rep. John Kline (R-Minn.), the U.S. House Education and Labor Committee’s senior Republican member, issued the following statement in Washington, D.C. today after the U.S. Department of Labor reported a loss of 95,000 jobs in September and a national unemployment rate stuck at 9.6 percent:

American workers and employers are looking for some glimmer of hope that the ruling party in Washington sees their struggles and recognizes the need for a change in course. 

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Drug innovation offers economy hope

It is critical that the United States spend more on research and innovation, particularly on the development of new cutting-edge drugs. The current economic crisis makes it even more essential to push through necessary reforms to increase innovation in American society. Innovation and entrepreneurship can reignite the economy and create jobs, while simultaneously slashing the deficit and exhibiting fiscal discipline.

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Democrats' Make It In America agenda (Rep. Steny Hoyer)

As we work to recover from the worst economic crisis since the Great Depression, both Republicans and Democrats have offered plans for our economy. Republicans' own Congressional campaign chair admitted that they intend to return America to the "exact same agenda" of the Bush years -- the agenda that got our economy into this mess. Democrats, on the other hand, believe that when more products are made in America, more families will be able to Make It In America. That's why Democrats are pursuing the Make It In America agenda, a plan to create middle-class jobs by rebuilding our manufacturing sector. Reinvigorating manufacturing will be at the top of Democrats' agenda for a long time to come, and it will remain a top priority in the next Congress, where we expect to retain the majority -- because Americans still look to Democrats to strengthen the middle class.

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Bernanke: Fiscal rules would help rein in the deficit

Federal Reserve Chairman Ben Bernanke delivered the following remarks on Monday at the Annual Meeting of the Rhode Island Public Expenditure Council, Providence, Rhode Island:

The recent deep recession and the subsequent slow recovery have created severe budgetary pressures not only for many households and businesses, but for governments as well. Indeed, in the United States, governments at all levels are grappling not only with the near-term effects of economic weakness, but also with the longer-run pressures that will be generated by the need to provide health care and retirement security to an aging population.

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Putting a stop to China's currency manipulation (Rep. Timothy Ryan)

Last week, the Currency Reform for Fair Trade Act (H.R. 2378) passed the U.S. House of Representatives by a vote of 348-79, with significant bipartisan support of 249 Democrats and 99 Republicans. This agreement between parties—rare these days--sends a strong signal to currency manipulators such as the People’s Republic of China that the United States will no longer abide prohibited trade practices that seek to undercut the U.S. economy to gain advantage in the world market.

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A strategy to reduce trade deficit (Sen. Sherrod Brown & Sen. Byron Dorgan)

Sen. Byron Dorgan (D-N.D.) and Sen. Sherrod Brown (D-Ohio) introduced legislation in Washington, D.C. to establish a Trade Deficit Commission that will be assigned the task of developing a trade policy plan to eliminate the trade deficit. The Senators say establishing this commission would be an important first step in making a serious commitment to stopping the flood of American jobs moving to foreign countries:

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EPA policies are hurting jobs and economy in rural America (Rep. Frank Lucas)

The Rural America Solutions Group, co-chaired by Rep. Frank Lucas, Ranking Member of the House Agriculture Committee, concluded a forum yesterday aimed at highlighting the Environmental Protection Agency's (EPA) massive effort to implement and propose unprecedented, overreaching, and burdensome regulations. Seven panelists from across the country offered perspective and real-life examples on how these regulations are hurting job creation and economic growth.

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