• 09/10/2008

    Schumer: Interior IG Report Has It All - Sex, Drugs, and...

    In reaction to the Interior Department Inspector General’s report on serious ethical and professional misbehavior by Mineral Management Service employees, Sen. Charles E. Schumer, Chairman of the Joint Economic Committee, released the following statement:

    “Unfortunately for U.S. consumers, this IG report has it all – sex, drugs, and Bush administration officials once again in cahoots with Big Oil. The Department of Justice and the Interior Department should prosecute those involved in this unseemly case to the fullest extent of the law- it is a flagrant abuse of the public trust.”
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  • 09/09/2008

    HEARING ANNOUNCEMENT: Federal Reserve Chairman Bernanke To Testify At Joint Economic Committee On The U.S. Economic Outlook

    Washington, D.C. – U.S. Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC), will hold 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 at 10:00 a.m. in Room 106 of the Dirksen Senate Office Building. Chairman Bernanke will provide his first Congressional testimony following the September Federal Open Market Committee (FOMC). The Joint Economic Committee, along with Chairman Bernanke, will discuss the effects of the credit crunch and housing crisis, growing inflation, and current state of the economic downturn.
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  • 09/05/2008

    Sen. Schumer Reacts to Bleak August Jobs Report

    “If there is a bright spot in today’s bleak jobs news, it is that we only have 4 jobs reports left before the Bush stewardship of this economy is finished. The White House and Republicans in Congress need to join us in passing additional measures to shore up this economy and give American families an opportunity to prosper.”

    “For eight straight months, over 600,000 jobs have disappeared under Bush's watch economy, and today the unemployment rate spiked to 6.1 percent. These job losses and the weak economy are taking their toll on American families across the nation – from manufacturing and industrial regions to high-tech and farming states – making it harder for families to get ahead.” – Sen. Schumer
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  • 08/26/2008

    Troubling New Data On U.S. Household Incomes, Health Care Coverage, And Poverty Indicate Families Continue To Experience Tough Economic Times

    U.S. Senator Charles E. Schumer and Representative Carolyn B. Maloney, Chairman and Vice-Chair of the Joint Economic Committee (JEC) released statements in reaction to today’s troubling new data from the U.S. Census Bureau on household incomes, health care coverage, and poverty. While wages have risen slightly from 2006 to 2007 and fewer families are without health insurance coverage, over 30 million Americans are still living in poverty. More importantly, in the last seven years, the vast majority of Americans’ incomes are down, more families are going without health insurance, and millions more are living in poverty.
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Joint Economic Committee