"Emergency Economic Stabilization Act of 2008" helps Hawaii's economy, businesses and residents
(10/3/08) The "Emergency Economic Stabilization Act of 2008" includes energy, extenders, AMT and Disaster Tax provisions that will help Hawaii's economy. The House approved the financial rescue measure on Friday, October 3, 2008. Here's a closer look at some of the provisions.
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Economic Rescue Legislation: Questions and Answers
(10/3/08) House Speaker Pelosi has made available an informational "Q&A" summary of the economic rescue legislation that has been passed by the House and Senate.
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House Speaker outlines next steps in addressing financial crisis
(10/3/08) Congressman Neil Abercrombie says he will urge Speaker Pelosi "to bring the House back into session immediately after the November election to enact the specific systemic reforms outlined in two bills I have cosponsored (H.R.7125 and HR 7240), reforms not adequately addressed in the Senate legislation" that was approved by the House on Friday, October 3, 2008 to address the financial crisis. Meanwhile, House Speaker Nancy Pelosi released the following fact sheet outlining steps the House will be taking to address the crisis:
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Rep. Neil Abercrombie Statement on Economic "Bailout" Legislation
Rep. Neil Abercrombie issued the following statement on the financial rescue bill approved by the U.S. House today.
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Analysis of Senate's financial rescue bill
(10/1/08) Here's a section-by-section analysis of the financial rescue legislation that was considered by the Senate on October 1.
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Congressional Report on financial markets
The Congressional Research Service has prepared a report to Congress that provides answers to frequently-asked-questions about the financial crisis.
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Joint Economic Committee Economic Snapshots
The Joint Economic Committee (JEC) has released a new analysis of State by State Median Wages and Unemployment Rates and updates State-by-State Economic Snapshots, which can be found on the right column of the Joint Economic Committee web page.
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Abercrombie wants taxpayers and homeowners bail out
Commenting on a Bush Administration financial bail-out bill, Congressman Neil Abercrombie says he wants an "economic rescue for taxpayers and homeowners."
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Congressional Budget Office: Record deficits in '08 and '09
The Congressional Budget Office (CBO) issued a report on the economy to the House Budget Committee hearing-- "Federal Responses to Market Turmoil: What's the Impact on the Budget?"-- on Wednesday, September 24, 2008. Record deficits are projected in 2008 and 2009.
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FAQs on financial bail-out
From Wall Street to Honolulu's Bishop Street, questions abound over the financial bail-out proposal. Here's a list of frequently-asked-questions on the topic.
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Joint Economic Committee hearings examine economic downturn
The Joint Economic Committee (JEC) held a hearing on the Economic Outlook for the United States with Chairman of the Board of Governors of the Federal Reserve System, Ben Bernanke, on Wednesday, September 24, 2008.
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House will probe Administration's oversight of financial regulation
Bush-McCain economic policy has led to American's economic crisis; House will examine causes, accountability and remedies
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► News coverage of the financial rescue plan
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