More on Economic Security
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, released the following statement following the House of Representatives vote on legislation to raise the debt limit and end the government shutdown.
"I'm pleased that Congress has finally voted to end this unnecessary government shutdown and debt limit crisis. However, I remain concerned that the resolution passed today only opens the government and extends the debt ceiling for a precious few months.
Today, leading Democratic lawmakers called on financial institutions to work proactively with their customers facing financial distress as a result of the shutdown of the Federal Government. Fourteen days into the shutdown, many employees have now seen their first diminished paycheck, leaving them facing short-term financial hardship and possible long-term damage to their creditworthiness through no fault of their own.
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, released the following statement in anticipation of the nomination of Janet Yellen as Chairman of the Board of Governors of the Federal Reserve.
"President Obama's choice in nominating Janet Yellen to lead the Fed is both historic and important for our nation's economy. Ms. Yellen's experience as a former Chair of the Council of Economic Advisers, Regional Fed Bank President, and Vice-Chair of the Federal Reserve make her one of the most qualified people ever to be nominated.
In a speech on the floor of the House of Representatives, Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today highlighted the serious consequences of the U.S. defaulting on its debt. Waters also urged Republicans to stop using the debt ceiling to push extremist ideology, calling for a vote on a clean debt-limit increase. She delivered the following remarks.
As prepared for delivery:
With only 13 days until the nation reaches its debt limit, and in the aftermath of the Department of Treasury's report on the impact of defaulting on our debt, Congresswoman Maxine Waters (D-CA) today called on Republicans to stop threatening the nation's economy to move their ideological priorities. She released the following statement:
"As if the consequences of a government shutdown are not bad enough, Republicans are now threatening to hold the full faith and credit of the United States hostage to advance their ideological agenda.
Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, released the following statement on the Republican-imposed government shutdown:
"The irresponsibility of the Republican Party cannot be overstated. As we slowly emerge from the worst economic crisis in over 70 years, I am saddened that ideological extremism has led to another self-inflicted wound that could have dire consequences for our fragile recovery.
Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee released the following statement in response to committee passage of the inaptly-named "Protecting American Taxpayers and Homeowners Act" or "PATH Act" (H.R. 2767). H.R. 2767 is a Republican bill that would unwind Fannie Mae and Freddie Mac and remove any government support from the secondary mortgage market.
Congresswoman Maxine Waters and Senator Elizabeth Warren authored the following opinion editorial for The American Banker
It has been only three years since the passage of the Dodd-Frank Act and five years since the 2008 financial crisis, but memories in Washington can be short.
The North Carolina Legislative Black Caucus Foundation has raised $100,000 in scholarship money for 2013.
The group announced the fundraising effort at its annual Education Scholarship Weekend held recently at the Sheraton Imperial Hotel in Durham.
"As a proud graduate of Fayetteville State University, I have witnessed the benefits of attending a Historically Black College, said state Rep. Garland Pierce of Wagram, who serves as president of the caucus.