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
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Congresswoman Waters Announces $10.25 Million Federal Grant for Improvements to the Willowbrook/Rosa Parks Metro Station
September 12, 2014
July 30, 2014
Congresswoman Waters and Congressman Enyart Lead 126 Members Urging Robust Funding for TIGER Grants
She released the following statement:
Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, criticized incoming Majority Leader Kevin McCarthy (R-Calif.) for changing his mind about supporting the bank after backing it in the past.
House Democrats will launch a campaign Tuesday to re-authorize the Export-Import Bank even as incoming Majority Leader Kevin McCarthy is discounting the measure's chance of success.
Authorization for the bank, which provides federal loans intended to boost U.S. exports, expires at the end of September. But Republicans aren't rushing to re-up the charter, saying the bank is ill equipped to carry out its duties.
Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, reiterated her strong support for the Export-Import Bank and the quick renewal of its charter.
Waters' comments come in reaction to remarks made by Committee Chairman Jeb Hensarling during a speech today at the conservative Heritage Foundation, in which he once again expressed his longstanding opposition to the Bank.
Congresswoman Maxine Waters (CA-43) urged expansion of the TIGER program – a nationwide competitive grant program that creates jobs by funding investments in transportation infrastructure by states, local governments, and transit agencies like Metro in Los Angeles County – in a letter to the Chairman and Ranking Member of the Subcommittee on Transportation and Housing and Urban Development Appropriations. A previous TIGER grant helped to accelerate the construction of the Crenshaw/LAX Transit Corridor, which will serve the Congresswoman's district.
At today's Financial Services Committee hearing with regulatory officials to discuss "government red tape," Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded regulators for putting the financial system on more stable footing after the worst economic crisis in a generation, and criticized the majority for continuing to push an ideologically-driven agenda focused on deregulation.