Press Releases
Brendan Daly/Nadeam Elshami
202-226-7616
10/20/2008
Pelosi Statement on Bernanke Testimony in Support of Economic Recovery Package
Washington, D.C. — Speaker Nancy Pelosi issued the following statement on Federal Reserve Chairman Ben Bernanke’s testimony this morning before the House Budget Committee and his support of an economic recovery package. The House had passed an economic recovery and job creation package in September, but it was blocked by Republicans in the Senate and opposed by the President.
“Chairman Bernanke made it clear that a new economic recovery package is critical to boost our weakening economy. In testimony today before the House Budget Committee, Chairman Bernanke added his voice to the chorus of economists, experts and policymakers who insist that America needs a job-creating recovery package to get our economy back on track and to restore consumer and investor confidence.
“At a time when Americans are struggling with rising costs and weakened retirement security, and a growing number of workers are losing their jobs, I call on President Bush and Congressional Republicans to once again heed Chairman Bernanke’s advice and as they did in January, work with Democrats in Congress to enact a targeted, timely, and fiscally responsible economic recovery and job creation package.”