Economic Stimulus and Job Creation
Immediately after taking office earlier this year, President Obama worked with Congress to put together a bold response to the economic challenges and hardship that Americans have been facing.
The stimulus package, known formally as the American Recovery and Reinvestment Act, has already made a difference, helping to jumpstart our economy while also making important investments – in education, health care, clean energy, new technology, infrastructure and transportation – that will continue to pay off well into the future.
I remain concerned about the high level of unemployment in California and nationally and will continue my efforts to help put more Americans back to work. Although we have a way to go, there are signs that the economy is indeed rebounding and job losses are slowing. Economists credit the stimulus package for preventing a more severe crisis and even higher unemployment.
Funding in the stimulus package has prevented layoffs of many nurses, police officers, firefighters and teachers, enabling them to continue both to provide for their families and serve our communities. In addition, the stimulus has created jobs for workers constructing and repairing vital infrastructure and transportation projects.
More on Economic Stimulus and Job Creation
Rep. Waters Announces FY2018 Appropriations Letters & Omnibus Accomplishments
WASHINGTON – Congresswoman Maxine Waters (CA-43), Ranking Member of the House Financial Services Committee, released the following statement on the passage of the Fiscal Year (FY) 2018 Omnibus Appropriations Act, which provides substantial federal funding increases to many of her legislative priorities through September 30, 2018, the end of the current fiscal year:
Congresswoman Waters Fights for LA County Infrastructure Funding in House Spending Package
Offers Amendments to Increase Transportation Funding, which Republicans Refused to Make in Order
Washington, D.C. – Congresswoman Maxine Waters (CA-43), Ranking Member of House Financial Services Committee, urged expansion of the TIGER transportation program in a letter dated April 4th to the Chairman and Ranking Member of the Subcommittee on Transportation and Housing and Urban Development (THUD) Appropriations.
LOS ANGELES - Congresswoman Maxine Waters (CA-43), Ranking Member of Committee on Financial Services, and Congressman Ted Lieu (CA-33) delivered remarks at the 14th Annual State of the Region event sponsored by the Torrance Area Chamber of Commerce on Monday, December 14th at the DoubleTree by Hilton Torrance-South Bay in Torrance. Congresswoman Waters and Congressman Lieu were invited by the Chamber to give updates about the legislation and economic development opportunity affecting the South Bay region.
A bipartisan group of House lawmakers joined Friday to force a vote in the coming weeks to reopen the Export-Import Bank, whose charter expired this summer because of opposition from key congressional leaders.
The move is a victory for supporters of the 81-year-old bank, which helps U.S. companies export their goods.
But even if a reauthorization bill passes the House, expected as early as Oct. 26, its fate in the Senate remains unclear.
Still, House members who have been working to save the bank said Friday they were optimistic they would succeed.
Mounting job losses and a surprise political development are creating what may be another chance to revive a federal agency that fosters U.S. exports.
The shutdown of the Export-Import Bank on July 1, once expected to be short-lived, has been looking more like a permanent victory for conservative Republicans in the House who want to kill off the agency, even though a majority in Congress support it.
LOS ANGELES – Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, marked the 80th anniversary of the landmark Social Security Act. Signed into law by President Franklin D. Roosevelt in 1935, the Social Security Act has provided economic stability and retirement security to millions of hard working Americans. The Congresswoman released the following statement:
Congresswoman Waters Leads 146 Members of Congress Seeking Expansion of TIGER Transportation Funding
April 1, 2015
Waters Leads Crusade to Close Nation's Widening Wealth Gap
Senior Democrat Challenges Congress to Tackle National Crisis Head on with Resolution to Address Wealth Gap
Waters Statement on the President's Budget Request
WASHINGTON, D.C. – Following the release of President Obama's fiscal year 2016 budget request, Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, and member of the Democratic Steering & Policy Committee, applauded the President for including a number of important spending increases for HIV/AIDS programs, Alzheimer's research and for the government agencies that are charged with policing Wall Street.