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(WASHINGTON, DC)–The CEOs of General Motors, Ford Motor and Chrysler LLC appeared before the House Financial Services Committee, seeking support from Congress for a $25 billion loan package. The industry is asking for cash to tie them over through the current downturn and is offering the government an equity stake in the companies if they get the help.
(WASHINGTON, DC)–Today, the House Financial Services Committee introduced legislation to help bailout U.S. automakers that are struggling financially by establishing both a short term and long term plan to help make financial ends meet for many of the major U.S. auto manufacturers.
The time has come for the world’s leaders to face hard truths concerning the Middle East, specifically the conflict between Palestine and Israel. Later this year, United States President George Bush, will provide for an opportunity to do so as leaders of the U.S., Israel, Palestine, and other Muslim states gather for high-level peace talks.
(Jamaica, NY)–Congressman Gregory Meeks is launching a foreclosure intervention initiative in collaboration with the Consortium for Workers Education to deal with the alarming number of foreclosures that are happening across the cities of Queens and Far Rockaway. The Congressman’s district is in a foreclosure state of emergency with the highest rate of foreclosure filings in New York City.
(WASHINGTON, DC)–Today, Congressman Gregory Meeks applauded the release of $5.1 billion in energy assistance, which will provide help to financially strapped Americans to help keep their homes heated during this upcoming winter.
(WASHINGTON, DC)–Today, Congressman Gregory Meeks voted for H.R. 6867, the Unemployment Compensation Extension Act, which will provide an additional seven weeks of extended unemployment benefits for workers who have used up all of their unemployment benefits.
(WASHINGTON, DC)–U.S. Representative Gregory W. Meeks (NY-6) voted with his colleagues from both sides of the aisle to pass H.R. 1424, the Emergency Economic Stabilization Act of 2008 to help address the current economic crisis facing American families and the national economy. “We are facing the most significant economic downturn our nation has seen since the Great Depression.
I would like to thank Timothy Mitchell, President of the Jamaica Business Resource Center, and Leslie Schweitzer, Senior Trade Advisor at the U.S. Chamber of Commerce, not only for the warm words of welcome, but also for the collaborative spirit with which they went about helping putting this event together.
(WASHINGTON, DC)–Washington, DC: House and Senate Democrat agreed this afternoon to a set of principles on revisions to the rescue plan, which calls for the Treasury Department to buy up bad mortgage securities from banks in an effort to get them to lend again.