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
Robert Schmidt and Michael J. MooreAug 03, 2012 12:00 am ET
Aug. 3 (Bloomberg) -- The trading losses at Knight Capital Group Inc. renewed pressure on Washington regulators to prove they are equipped to protect investors in markets that are increasingly computerized and fragmented.
Whitney Kisling, ©2012 Bloomberg News
Published 01:28 p.m., Thursday, August 2, 2012
(Updates throughout with more details, comments.)
By Suzanne Barlyn
July 25 | Wed Jul 25, 2012 1:22pm EDT
(Reuters) - U.S. House lawmakers on Wednesday introduced legislation that would require certain investment advisers pay fees to help fund adviser examinations conducted by regulators.
Today on Capitol Hill, Congresswoman Maxine Waters (D-CA) introduced the TIGER Grants for Job Creation Act. This bill will provide an emergency supplemental appropriation of one billion dollars over the next two years for the Transportation Investment Generating Economic Recovery (TIGER) program, which creates jobs by funding investments in transportation infrastructure. The bill is cosponsored by 36 of her colleagues.
Today, Congresswoman Maxine Waters (D-CA) congratulated Hawthorne based Space Exploration Technologies (SpaceX) on the successful launch and subsequent rendezvous of their Dragon spacecraft with the International Space Station.
Yesterday, Rep. Waters introduced H.R. 3916, the Protecting Post Offices Act, which would reduce the operating costs of the US Postal Service to provide continued service in urban and rural communities and save 28,000 American jobs. She is joined by American Postal Workers Union, AFL-CIO in support of this much needed legislation to stabilize the US Postal Service.
On November 23, 2011, Congresswoman Maxine Waters (CA-35) sent a letter to Secretary of Transportation Ray LaHood supporting the construction of a light rail station in Leimert Park on the Crenshaw/LAX Transit Corridor and urging him to provide a federal grant to Los Angeles County to fund its construction. The text of her letter follows: