http://jec.senate.gov/ A collection of the latest records posted to Joint Economic Committee's website. http://jec.senate.gov http://jec.senate.gov/_images/rss.jpg index.cfm?FuseAction=RSS.About SiteDirector || www.gslsolutions.com en-us Tue, 24 Nov 2009 04:14:07 EST support@gslsolutions.com http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=e97e1ef2-5056-8059-7633-5179e8a1a277 Hearing [A live webcast of the JEC hearing will be available from this website] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC,) will convene a hearing to examine how regulatory reform proposals designed by the Obama Administration and Congress will promote stability in our financial markets, prevent a recurrence of the recent financial crisis, and help improve the economy. The hearing entitled, "Financial Regulatory Reform: Protecting Taxpayers and the Economy," will take place on Thursday, November 19, 2009 at 10:00 A.M. in Room 210 of the Cannon House Office Building. Treasury Secretary Timothy Geithner will testify to the role lax regulation or regulatory loopholes played in the financial crisis, and will address proposed regulatory changes that will promote job growth and economic stability. Thu, 19 Nov 2009 10:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=bac91d0c-5056-8059-76bd-1f396f3b0883 Hearing [An archived webcast of this JEC hearing is avaiable by selecting "read more"] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) convened a hearing on the newly released employment figures from the Bureau of Labor Statistics (BLS). The hearing entitled, "The Employment Situation: October 2009" took place on Friday, November 6, 2009 at 9:30 am in Dirksen Senate Office Building room 106. BLS commissioner Keith Hall will testified to recent developments in the labor market. Fri, 06 Nov 2009 08:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=a1be983c-5056-8059-764f-56b5320c746c Press Release Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC,) released the following statement following the announcement that GDP rose 3.5% in the third quarter of 2009. "Today's GDP number provides concrete evidence of the wisdom of the Recovery Act and the positive effect it has had on the economy in just eight short months. At today's hearing of the Joint Economic Committee, leading economists agreed that without economic policies like the Recovery Act, the growth we are beginning to see would not yet be possible. But we are not out of the woods quite yet. The stimulus has helped Americans in need weather the storm, but we must do more to get people back to work." Thu, 29 Oct 2009 03:20:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=827db773-5056-8059-768a-3f1f6abeb979 Hearing [An archived webcast of the JEC hearing can be viewed by selecting "read more"] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC,) will convene a hearing to examine the impact the American Recovery and Reinvestment Act has had on the US economy in light of to-be-released Third Quarter GDP data. The hearing entitled, "The Impact of the Recovery Act on Economic Growth," will take place on Thursday October 29, 2009 at 10 a.m. in room 2237 of the Rayburn House Office Building. Dr. Steven Landefeld will report to the committee on that morning's GDP release, and the second panel of economists will examine the Recovery Act's impact on GDP growth, as well as the potential for additional government actions to bolster labor markets. Wed, 28 Oct 2009 09:30:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=6dd4483c-5056-8059-7664-1856ea0ee4e6 Hearing [Click "read more" to view a live webcast of today s JEC hearing ] The Joint Economic Committee (JEC), chaired by Congresswoman Carolyn B. Maloney, will hold a hearing on the Economic Outlook in the United States with Christina Romer, Chair of the President's Council of Economic Advisers on Thursday, October 22, 2009 at 10:00 a.m. in room 210 of the Cannon House Office Building. Dr. Romer will evaluate the short- and longer-term macroeconomic outlook and provide insights into how the American Recovery and Reinvestment Act continues to foster economic recovery and promote job creation. Thu, 22 Oct 2009 01:23:00 EST http://jec.senate.gov/index.cfm?FuseAction=Reports.Reports&ContentRecord_id=efb1d290-5056-8059-7656-1205b6b933c1 Report The status-quo health insurance system is serving women poorly. An estimated 64 million women lack adequate health insurance. Over half of all medical bankruptcies are filed by female-headed households. For too many women and their families today, quality, affordable health care is out of reach. Women are more vulnerable to high health care costs than men. Several factors explain why. First, women's health needs differ from men's, so women are obliged to interact more regularly with the health care system - regardless of whether they have adequate insurance coverage or not. Second, women are more likely to be economically vulnerable and therefore face devastating consequences when faced with a mounting pile of medical bills. The inability of the current system to adequately serve women's health care needs has come at great expense. One recent study estimates that women's chronic disease conditions cost hundreds of billions of dollars Thu, 08 Oct 2009 09:30:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=f2aec3d3-5056-8059-76a6-ef1c3ac79cf9 Hearing [To view a live webcast of the JEC hearing, click read more] The Joint Economic Committee (JEC) will hold a hearing on the newly released employment figures from the Bureau of Labor Statistics (BLS). The hearing entitled, "The Employment Situation: September 2009" on Friday, October 2, 2009 at 9:30 am in Dirksen Senate Office Building room 106. Congressman Elijah Cummings (MD) will preside as BLS commissioner Keith Hall testifies to recent developments in the labor market. Fri, 02 Oct 2009 08:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=ce03ce4d-5056-8059-76f2-8b02fccb18e3 Hearing [Click "read more" to watch a live webcast of the JEC hearing at 10 a.m.] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) will convene a hearing to examine contraction in the newspaper industry, the economic impact of the changing media landscape, as well as the future of the industry at large. The hearing entitled, "The Future of Newspapers: The Impact on the Economy and Democracy," will take place Thursday, September 24, 2009 at 10:00 am in room 210 of the Cannon House Office Building. Over the past year, dozens of daily newspapers have shut down their presses creating a ripple effect through communities, having consequences for local economies, and removing a critical check on government accountability and corruption. Witnesses will discuss funding alternatives for the print media and the outlook for the industry. Thu, 24 Sep 2009 07:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Reports.Reports&ContentRecord_id=a9b56921-5056-8059-76fc-bb20813519fe Report American families are experiencing very difficult economic times - the toughest in terms of stagnant incomes since World War II. Over the 2000-2008 period, the economic policies pursued during the previous administration left most families behind and ill-prepared to weather the severity of the current recession. During the Bush administration, the number of Americans living in poverty increased by nearly 8.2 million; and instead of growing, incomes for families in the bottom 40 percent of the income distribution ladder actually fell. One out of every eight Americans was living below the federal poverty line in 2008. Also, during the eight years of the Bush administration, the ranks of the uninsured grew by 20.6 percent. The cost of health insurance has risen steadily, putting pressure on employers and straining cash-strapped American families. Fri, 11 Sep 2009 11:22:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=a539e93d-5056-8059-7649-f127a1f4daef Press Release Thu, 10 Sep 2009 02:31:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=9a5ada4a-5056-8059-7623-a178365d866b Hearing [Click "read more" to view a live webcast of the JEC hearing at 1 p.m.] Washington D.C. - Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) will convene a hearing to examine the to-be released Census Bureau data examining trends in health insurance coverage, household income, and poverty through 2008. The hearing entitled, "Income, Poverty, and Health Insurance Coverage: Assessing Key Census Indicators of Family Well-Being in 2008," will take place Thursday, September 10, 2009 at 1 p.m. in room 210 of the Cannon House Office Building. Witnesses will examine trends in health insurance coverage, income, and poverty over the 2000-2008 period, as the economic policies pursued during the previous administration left most families behind and ill-prepared to weather the current recession. The hearing will examine how policies being pursued by Congress and the Obama Administration will work to counter those trends and improve the well-being of families across the country. Thu, 10 Sep 2009 08:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=8547c57b-5056-8059-7675-36cad206d59d Press Release Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement on the Bureau of Labor Statistics August jobs report: "Today s employment numbers show that although the economy shows signs of recovery, employers are still reluctant to hire. As more stimulus projects get underway in the coming months, I am optimistic that more Americans will be heading back to work." - Congresswoman Carolyn Maloney, Chair, Joint Economic Committee Fri, 04 Sep 2009 09:35:00 EST http://jec.senate.gov/index.cfm?FuseAction=Reports.Reports&ContentRecord_id=3e6bad48-5056-8059-7676-e132ac143af3 Report Fri, 21 Aug 2009 03:02:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=e60f7d56-5056-8059-76f7-651c09045bd3 Hearing [Click "read more" to view a live webcast of the JEC hearing] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) will hold a hearing on the newly released employment figures from the Bureau of Labor Statistics (BLS). The hearing entitled, "The Employment Situation: July 2009" on Friday, August 7, 2009 at 9:30 am in Dirksen Senate Office Building room 562. BLS commissioner Keith Hall will testify to recent developments in the labor market, as the JEC continues a series of hearings examining the causes and ongoing effects of the financial crisis and the economic downturn. Fri, 07 Aug 2009 08:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=f50e2f26-5056-8059-76fa-9ad8c5cf548e Press Release Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement after the unemployment rate dropped to 9.4 percent. "Evidence that the stimulus bill is taking hold is starting to emerge. The economy dramatically improved in the 2nd quarter of this year, the pace of job loss has moderated significantly in recent months, and the unemployment rate has been stable for the last two months. Clearly, the trend is toward recovery. I am optimistic that more Americans will be heading back to work as more stimulus projects get underway." Fri, 07 Aug 2009 07:00:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=f14a0d08-5056-8059-76c7-70ecbc91639c Press Release Today, Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), along with Rep. Elijah Cummings and Rep. Jim Moran released a JEC new report entitled, "Comprehensive Health Insurance Reform: An Essential Prescription for Women." The report reveals that during the recession, women are experiencing a double-whammy of lost health insurance as they lose their insurance due to either their own or their spouse's job loss. In addition, the JEC report chronicles the vulnerability created by women's dependence on their spouse's employer-sponsored health insurance, the unique risk of un-insurance for younger and older women, and the spike in newly uninsured children of unemployed single mothers. Thu, 06 Aug 2009 03:57:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=d116a5f0-5056-8059-76f2-3012a4f792b9 Press Release Washington D.C. - Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) released the following statement on the news that Gross Domestic Product beat expectations in the second quarter by contracting by just one percent. "The economy made a dramatic improvement in the second quarter, bolstered by the stimulus package proposed by President Obama and passed by Democrats in Congress in February. As the recovery measures begin to take hold, I am optimistic that economic growth will turn positive this year, which is a necessary step for bringing job growth back and putting Americans back to work." Fri, 31 Jul 2009 09:30:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=c7f37173-5056-8059-762e-aebdcef5e42b Press Release Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) sent a letter to Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan urging faster action and greater transparency from loan modification companies as they work within recently enacted programs to help borrowers stay in their homes. Chair Maloney urges the Administration to implement reporting requirements to ensure that loan servicers do not manipulate the modification process for their own gain. For example, servicers should be required to report information about the success of the loan modification process as well as their own overall performance. The letter, sent today, comes on the heels of a JEC hearing at which the Government Accountability Office discussed the findings of a new report, requested by Chair Maloney, detailing the epidemic of nonprime foreclosures in localities nationwide. Wed, 29 Jul 2009 03:13:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=addc8b55-5056-8059-76e0-0a0c29fb448f Hearing [A recorded webcast of the JEC hearing as well as a copy of the GAO report are available by clicking "read more"] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) convened a hearing to investigate the ongoing foreclosures for non-prime borrowers in the residential housing market. The hearing entitled, "Current Trends in Foreclosures and What More Can Be Done to Prevent Them," took place on Tuesday, July 28, 2009 at 10:00 a.m. At the request of Chair Maloney, the Government Accountability Office reported on previously undisclosed loan-level data, revealing current trends in the non-prime foreclosure crisis which continues to wreck havoc across the country. In addition, the Committee reviewed past federal regulatory failures and discuss efforts by the current Administration and Congress to reduce foreclosure rates, direct some of those borrowers into fixed rate FHA loans, and efforts to prevent a similar future crisis. Tue, 28 Jul 2009 01:20:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=99ee5f92-5056-8059-7616-a8c4e550360a Hearing [Click "read more" to view an anchived video of the JEC hearing] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) convened a hearing to examine the current recession's impact on recent trends in workplace policies that help employees meet the dual commitments of work and family life. The hearing entitled "Balancing Work and Family in the Recession: How Employees and Employers are Coping," took place on Thursday July 23, at 10 a.m. in Room 210 of the Cannon House Office Building. Leading researchers examined the effects of the recession on employer provision of work-life balance policies, the effects on employees and their families, and the role of unions and public policy. Thu, 23 Jul 2009 04:30:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=89ad0feb-5056-8059-7698-744705750411 Hearing [Click "Read More" to watch the JEC hearing archived webcast] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) convened a hearing to examine the role of the Census Bureau in gathering and analyzing government statistics. Five former heads of the Census Bureau testified at the hearing entitled, "The Federal Statistical System in the 21st Century: The Role of the Census Bureau," which took place on Tuesday July 21, 2009 at 1 pm in room 2203 of the Rayburn House Office Building. Census data and analysis plays a central role in US Government economic policy making. The JEC and experts discussed the Census' continually evolving methodology and their implementation of 21st Century technologies to ensure the publication of accurate and timely scientific information. Tue, 21 Jul 2009 04:30:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=89ab3aec-5056-8059-7628-fd32a9383b67 Press Release Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) will convene a hearing to examine the role of the Census Bureau in gathering and analyzing government statistics. Five former heads of the Census Bureau will testify at the hearing entitled, "The Federal Statistical System in the 21st Century: The Role of the Census Bureau," which will take place on Tuesday July 21, 2009 at 1 pm in room 2203 of the Rayburn House Office Building. Census data and analysis plays a central role in US Government economic policy making. The JEC and experts will discuss the Census' continually evolving methodology and their implementation of 21st Century technologies to ensure the publication of accurate and timely scientific information. Fri, 17 Jul 2009 01:01:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=7fb66a77-5056-8059-762f-060e9896f88e Press Release Washington D.C. - Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) released the following statement on the naming of Brooksley Born, John W. Thompson, Heather Murren, Senator Bob Graham, Byron Georgiou, and Chairman Phil Angelides to the Financial Crisis Inquiry Commission: "Transparency and frank public discussion are the best ways to uncover the root of the problems which led our financial system into crisis. With these appointments, the Financial Crisis Inquiry Commission gains the talent and experience necessary to conduct a thoughtful, non partisan examination of the financial sector and its government counterparts. I look forward to working alongside this commission to ensure that the mistakes made over the past several years are not allowed to bring our economy to the brink once again." Wed, 15 Jul 2009 02:27:00 EST http://jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=51399723-5056-8059-76da-8870d70efb74 Hearing [Click "read more" to view a recorded webcast of the JEC hearing] Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) will convene a hearing to examine the growing financing problems faced in the commercial real estate market and potential solutions to the credit crisis in the sector. The hearing entitled, "Commercial Real Estate: Do Rising Defaults Pose Systemic Threat?" will take place on Thursday July 9, 2009 at 10 am in room 2226 of the Rayburn House Office Building. The commercial real estate market has been severely stressed by the recession with rising vacancy rates for existing office, industrial, and retail properties and falling prices in the commercial real estate market. Experts will testify about the current difficulties in refinancing existing commercial real estate loans due to the reduced availability of credit and disruptions in the secondary market. Thu, 09 Jul 2009 12:01:00 EST http://jec.senate.gov/index.cfm?FuseAction=Press.PressReleases&ContentRecord_id=3befb6bd-5056-8059-7677-0518bc3916af Press Release Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement after the U.S. economy shed 467,000 jobs in June and the unemployment rate rose to 9.5 percent: "The worst monthly job losses are likely behind us, but the labor market clearly remains weak. It will be a long road to recovery, but the stimulus investments getting underway across the country will create jobs and stem losses." - Congresswoman Carolyn Maloney (D-NY), Chair, Joint Economic Committee Thu, 02 Jul 2009 10:43:00 EST