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“We are putting oil speculators on notice.”

“Today we stand here before you very proud of the New Direction Congress. Especially proud of what we have accomplished in the last couple of weeks and what we will do going into the Memorial Day weekend. We have solutions to the challenges facing the American people. “

Speaker Nancy Pelosi today released the following statement in the wake of the new numbers showing anemic economic growth (0.6 percent) and the Federal Reserve Board’s decision to cut a key interest rate by a quarter percentage point.

“The President can take three actions today to help our economy: lower gas prices by halting deposits to the Strategic Petroleum Reserve; save 116,000 green jobs and create hundreds of thousands more by dropping his veto threat from House legislation creating tax credits for renewable energy; and come to the table to help pass major reforms to our home lending industry which allow Americans at risk of foreclosure to affordably refinance, and to stabilize neighborhoods in foreclosure crisis.”

“The multigenerational group called for greater outreach to returning soldiers and more rural outpatient clinics. ‘We have to do better,’ Pelosi said.”

“This morning, we again brought together many of America’s leading economic minds to assess the state of our economy and discuss additional steps to address the subprime mortgage crisis, its growing impact on other credit markets, and the economic hardships facing so many families.”

The House is currently debating the College Opportunity and Affordability Act, which will continue this Congress' effort to make college more affordable and accessible. This bill would reform our higher education system so that it operates in the best interests of students… Continue

“‘One hundred percent of the bills’ have been paid for, Speaker Pelosi told a conference of the Associated Press Managing Editors. She estimated that 80 percent of the costs have been covered by spending reductions elsewhere in the budget.”

The Oversight Subcommittee on National Security and Foreign Affairs is currently holding a hearing, “Third Walter Reed Oversight Hearing: Keeping the Nation's Promise to Our Wounded Soldiers.” Representatives of the GAO will be testifying on a new GAO report stating that “Delayed… Continue

“Democrats are talking more and more about the anemic growth in American wages and the negative effects of trade and a globalized economy on American jobs and communities. They deplore what they call a growing gap between the middle class, which is struggling to adjust to a changing job market, and the affluent elites who have prospered in the new economy.”