Economic Security
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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 Laurinburg Exchange
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.
Congresswoman Maxine Waters (CA-43), Ranking Member of the House Financial Services Committee, issued the following statement today on the House passage of the Reducing Flight Delays Act of 2013 to end employee furloughs by the Federal Aviation Agency:
Today, Congresswoman Waters joined millions of Americans in marking the annual celebration of March as Women's History Month – a commemoration that has occurred in America since 1987.
Thank you very much, Mr. Chairman, and I thank Mr. Van Hollen for yielding me time.
Today I rise in strong opposition to the Republicans' budget, a budget that makes absurd claims to reducing the deficit by repealing crucial government authority to protect our economy. Lest we forget that Lehman Brothers' disorderly bankruptcy sparked the worst financial crisis since the Great Depression.
Congresswoman Maxine Waters (CA-43) issued the following statement today regarding the upcoming March 1 sequester deadline:
"The clock is ticking and the deadline is quickly approaching to avert across-the-board spending cuts known as the sequester, which is scheduled to take effect on Friday, March 1. The $85 billion in automatic spending cuts will have a devastating impact on families throughout the country, and will slow economic growth and job creation.
Congresswoman Maxine Waters released the following statement regarding the U.S. Postal Service (USPS) plans to end Saturday mail delivery:
"The announcement by Postmaster General Patrick Donahoe to eliminate Saturday first-class mail delivery starting in August without support of Congress is an arbitrary decision. Our constituents will be disadvantaged by this loss, especially our businesses that depend on timely and reliable mail delivery in order to operate a successful business.