Federal Budget and the Economy

The Hill reports on a new Congressional Budget Office report released this week that found that sustainable loan modifications for underwater homeowners could save taxpayers nearly $3 billion.

WASHINGTON- U.S. Rep. George Miller (D-Contra Costa) issued the following statement upon President Barack Obama's Budget submission today:

***ADVISORY***

WASHINGTON -- Deep and arbitrary federal budget cuts that will hurt working and middle class families and risk deep job cuts are nearly certain to be implemented this Friday due to House Republican leaders’ refusal to negotiate with President Obama or allow an alternative to the cuts to be voted on in Congress, Rep. George Miller (D-Contra Costa) warned Monday.

"The President laid out a bold, common sense and critical agenda to grow our economy, strengthen the middle class, and reduce inequality in America. I applaud his call to raise the minimum wage, to reform taxes to ensure the wealthiest pay thier fair share, and to ensure an affordable and quality education at all levels, from early childhood through college. I am ready to work with him to reduce global warming, reform our immigration laws, and reduce gun violence. I hope my Republican colleagues are ready too.

Watch Miller’s speech on the House floor against the three month extension of the debt ceiling today.

WASHINGTON, DC – Following news last month that HSBC – Europe’s largest bank – has evaded U.S. criminal prosecution despite directly facilitating activities of drug traffickers, money launderers, and governments supporting terrorist organizations, Rep. George Miller (D-CA) and 23 other congressional Democrats blasted the Justice Department’s decision to “defer prosecution” of bank officials as symptomatic of an unacceptable lack of accountability for large financial institutions.

Today, Main Street finally scored a victory over Wall Street.

After reports circulated that American International Group Inc. (AIG) was deliberating whether to join a lawsuit against the U.S. government over its taxpayer financed $182 billion dollar rescue at the height of the financial crisis, my colleagues and I strongly urged the company’s President and CEO to not participate.

Rep. George Miller (D-Martinez) released the following statement after the House of Representatives passed the "Fiscal Cliff" agreement: 

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