More on Economy

Apr 2, 2008

Rep. Maloney: Jobless Claims Spike, Signaling Need to Extend Unemployment Benefits

Washington, D.C. – Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today - in advance of tomorrow’s jobs report - on the sharp rise in the number of U.S. workers applying for unemployment benefits:

Apr 1, 2008

Rep. Maloney's Opening Statement for JEC Hearing with Fed Chairman Bernanke

Washington, DC - Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee (JEC), delivered the following opening statement at today's JEC Hearing on the U.S. Economic Outlook with Federal Reserve Chairman Ben Bernanke:

Mar 18, 2008

On Fifth Anniversary of the Iraq War, Schumer & Maloney Call on President Bush to Account for Past, Present and Future Economic and Budget Costs

Washington, D.C. – Today, the fifth anniversary of the start of the war in Iraq, Senator Charles E. Schumer and Representative Carolyn B. Maloney, Chairman and Vice-Chair of the Joint Economic Committee respectively, sent a letter to President Bush urging him to give a full account of the total costs of the war.  Schumer and Maloney called for a productive debate over the economic impact of the war, and they asked the President to make a member of his administration available in the coming weeks to testify at a hearing of the Joint Economic Committee to provide Congress and the American people with a “better understanding of the current and future budgetary and economic costs of the war in Iraq.”

Mar 18, 2008

JEC Vice Chair Maloney on Iraq War Anniversary, War’s Mounting Economic Costs

WASHINGTON – Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today on the five year anniversary of the Iraq War, calling attention to the enormous economic and budgetary costs of the war.  At Vice Chair Maloney’s request, the Joint Economic Committee released a report in November entitled, “War at Any Price? The Total Economic Cost of the War Beyond the Federal Budget,” and in February, held its first hearing on the economic costs of the Iraq War:

Mar 13, 2008

Rep. Maloney: President Bush Recognizes Need for Regulatory Reform, But Proposals Are Too Little Too Late

WASHINGTON, DC - Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement regarding President Bush's speech on the economy in New York today:

Mar 6, 2008

JEC Vice Chair Maloney: Labor Market Is Deteriorating in Weak Economy

WASHINGTON, DC -- Rep. Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today regarding the Bureau of Labor Statistics’ (BLS) February 2008 employment situation, which showed that private sector employment fell by 101,000 jobs and there were 63,000 fewer nonfarm payrolls on net.  The unemployment rate remained essentially unchanged at 4.8 percent in February, due to a decline in labor force participation.

Mar 5, 2008

Statement of Rep. Maloney for Joint Hearing on Paid Family Leave for Federal Workers

WASHINGTON, DC – Congresswoman Carolyn B. Maloney, Vice Chair of the Joint Economic Committee (JEC), delivered the following statement at a joint hearing of the JEC and House Oversight and Government Reform Federal Workforce, Postal Service and the District of Columbia Subcommittee on the subject of paid parental leave for federal employees:

Mar 4, 2008

JEC Report Finds Fortune 100 Companies Overwhelmingly Offer 6-8 Weeks of Paid Family Leave

Washington, D.C. – The Joint Economic Committee today released a report, requested by Vice Chair Rep. Carolyn B. Maloney (D-NY), finding that three-quarters of Fortune 100 companies offer mothers some form of paid leave when they have a new child, typically lasting six to eight weeks. Family leave has become an increasingly important workplace policy because most families no longer have a stay-at-home parent to provide care for a new child and they often cannot afford to take unpaid leave.  As a guide for policymakers, the Joint Economic Committee examined how firms design their paid family leave policies by asking Fortune 100 companies about the length of paid leave that they provide for new parents.

Feb 13, 2008

Rep. Maloney on Federal Subprime Mortgage Help

*Struggling Homeowners Encouraged to Call Hope Now Alliance at 1-800-995-HOPE*  New York, NY – Today, Congresswoman Carolyn Maloney (D-Manhattan, Queens) urged struggling New York homeowners to take advantage of two federal initiatives to address the subprime mortgage crisis.  However, Maloney said that the federal government must do more to help people stay in their homes. 

Feb 10, 2008

Subcommittee on Financial Institutions and Consumer Credit Holds Field Hearing on Subprime Mortgage Crisis

New York, NY – Today, Rep. Carolyn B. Maloney (D-NY), Chair of the Financial Services Subcommittee on Financial Institutions and Consumer Credit, held a field hearing at City Hall on the effects of the subprime mortgage crisis in New York City.  At a press conference prior to the hearing, Maloney was joined by New York City Council Speaker Christine Quinn, Congresswoman Nydia Velazquez (D-NY) and Council Members Erik Dilan and Lewis Fidler, who discussed federal and city efforts to allow struggling New Yorkers to keep their homes.

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