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ECONOMIC ACTIVITY
Economic Growth
• The consensus forecast for economic growth in 2010 was revised up slightly. The Blue Chip panel now projects higher real GDP growth in second and third quarters. For the full year, the panel currently forecasts 3.3% growth. [Blue Chip]
Consumers
(WASHINGTON, DC)– Chairman Frank, Chairman Dodd, colleagues, it is a privilege to participate in this conference committee and to contribute to reconciling the financial reforms bills passed in the House and Senate. The magnitude of the moment, and the importance of the work before us, should not be underestimated.
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Financial Services and Chairman of its Subcommittee on International Monetary Policy and Trade, voted in favor of H.R. 5072, the Federal Housing Administration Reform Bill.
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Financial Services and Chairman of its Subcommittee on International Monetary Policy and Trade, was named by Speaker Nancy Pelosi as conferee to the conference committee that will complete comprehensive Wall Street reform legislation.
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Financial Services and Chairman of its Subcommittee on International Monetary Policy and Trade, is pleased to announce the implementation of a new outreach campaign to protect seniors from scams and Medicare Fraud.
Employment
• The private sector created 41,000 jobs in May, and the unemployment rate fell to 9.7%. We have now seen overall job growth for five consecutive months and for six of the last seven months. Total job growth for May was 431,000, including 390,000 public-sector jobs attributable to 411,000 temporary Census hires. [BLS]
(WASHINGTON, DC)– The 111th Congress has focused on America’s hardworking middle class families by creating jobs, closing tax loopholes that send jobs overseas, helping small businesses and responsibly reducing the deficit. Below are highlights that have made this Congress one of the most productive Congresses in history.
(WASHINGTON, DC)– Congressman Gregory W. Meeks, who represents the Sixth Congressional District of New York, was among the attendees at the 2010 Annual Dinner of the Korea Society. Held in New York City, the gala event which coincided with the 60th anniversary of the start of the Korean War, honored both American and South Korean veterans who served in the conflict.
(WASHINGTON, DC)–
Economic Activity
Consumers
(WASHINGTON, DC)– Congressman Gregory W. Meeks issues the following statement in honor of Memorial Day: