Economic Security
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Congresswoman Maxine Waters (D-Calif.) joined more than 35 of her Democratic colleagues last night who spoke or submitted statements in the Congressional Record opposing Republican cuts to the Women, Infants, and Children (WIC) nutrition program and other critical nutrition programs serving low-income Americans. The cuts are included in H.R. 2112, the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act for Fiscal Year 2012. The House is currently considering amendments to H.R. 2112 and may vote on final passage of the bill tomorrow.
The House of Representatives today passed H.R. 1540, the National Defense Authorization Act for Fiscal Year 2012, and includes an amendment authored by Congresswoman Maxine Waters (D-Calif.). The amendment provides a preference for potential Department of Defense (DOD) contactors that carry out certain investment and philanthropic activities to bolster education, training, and employment in science, technology, engineering, and mathematics (STEM) disciplines.
"Thank you, Mr. Chairman.
Congresswoman Maxine Waters (D-Calif.), a leading progressive voice in Congress, today strongly criticized the Republicans' destructive budget proposals, including both the deal cut for the remainder of Fiscal Year 2011 funding, and the Republican budget for Fiscal Year 2012. As Congress voted on multiple budgets over the last two days, the Congresswoman made it clear she does not support any plan that takes money away from programs and services to help the least fortunate Americans, while giving away money to ultra-rich individuals and corporations.
This amendment offered by Congresswoman Maxine Waters (D-Calif.) was accepted by Republicans and included in the final bill H.R. 1249, the America Invents Act, that passed the Committee today. In introducing her amendment, the Congresswomand delivered the following remarks:
I have an amendment at the desk.
By Lorraine Woellert
The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, the first of a set of sanctions regulators are seeking against the companies.
The settlement announced today between servicers and banking regulators could help the U.S. Justice Department determine the size and scope of fines for the flawed practices, regulators said.
African Americans still represent a miniscule fraction of board-level corporate leadership in America. The National Urban League, in partnership with Advance America, has established a new training program to give other qualified African Americans the opportunity to follow in their footsteps.
By Marc H. Morial
What do American Express, Merck, Xerox, Darden Restaurants, and Citibank have in common?
All are Fortune 500 companies headed by African Americans: Ken Chenault, Chairman and CEO of American Express; Ken Frazier, President and CEO of Merck; Ursula Burns, Chairwoman and CEO of Xerox – the first African American woman to head a Fortune 500 company; Clarence Otis, President and CEO of Darden Restaurants, the parent company of Red Lobster and Olive Garden; and Dick Parsons, former Chairman and CEO of Time Warner, Inc., now Chairman of Citibank.
Congresswoman Maxine Waters (CA-35) released the following statement today after convening a large community meeting with other elected officials, community leaders, members of the clergy, and organized labor, to bring Los Angelinos up to speed on budget cuts, negotiations, and the status of the government:
"Today, I held a large community meeting to answer questions and deal with the concerns of my constituents in the 35th district of California and other Los Angelinos who came to understand the confusing situation in Washington.
Congresswoman Maxine Waters (D-Calif.) and the African American Members of the House Financial Services Committee (known as the FS 10) were recently honored by the Black Press of America and the National Newspaper Publishers Association Foundation (NNPAF) with the 2011 Political Leadership Award for their work during negotiations for the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Congresswoman and Congressman William Lacy Clay, Jr. accepted the award on behalf of the FS 10 at an event last week at a Newsmaker Dinner and Gala at the Omni Shoreham Hotel.