The bleak news about the economy continues to mount as Marylanders are feeling the negative impact of President Bush’s failed economic policies and the extraordinary costs of our continuing commitment in Iraq. Americans are facing higher costs for basic necessities, unemployment is up, millions of Americans have lost their homes or value in their homes due to the housing crisis, and gas prices have hit an all time high. This week, former Fed Chairman Alan Greenspan said we are “in the throes of a recession.”
During these difficult times, the New Direction Congress continues to work to stimulate the economy and assist families struggling in this economy. Working in a bipartisan way, we have already enacted an economic stimulus package that will provide relief to families in need, providing Recovery Rebates starting next month.
Last week, the House Democratic leadership called on President Bush to again work in a bipartisan manner on a second economic package that will help get our economy back on track, create jobs, and speed assistance to families struggling to make ends meet.
Congress is also working to pass legislation t to address the widespread troubles in the housing market. Legislation moving through the House will help about 1.5 million American homeowners avoid foreclosure, help others buy new ones, and help businesses and communities hurt by this crisis not only recover, but also create new jobs. This is one of Congress’ top priorities, and it is my hope that this legislation will be up for a vote before the end of the month.
Congressional Art Contest: High schools students who reside within Maryland’s Fifth Congressional District, which includes Calvert, Charles and St. Mary’s Counties, and parts of Prince George’s and Anne Arundel Counties, to participate in the 27th Annual Congressional Arts Competition. To participate in the Competition, students must contact Congressman Hoyer’s Waldorf Office at 301-843-1577. The deadline for submission is 5:00 p.m. on Friday, May 2, 2008.
As always, thank you for allowing me to share this update with you. If there is anything you wish to share with me or bring to my attention, please do not hesitate to contact my office.
Steny H. Hoyer
Hoyer: House Working to Boost Housing Market and Ease Threat of Foreclosures Congressman Steny H. Hoyer released this statement on federal efforts to address mounting housing foreclosures and the overall mortgage crisis after Maryland Governor Martin O’Malley testified today before the House Financial Services Committee in support of the FHA Housing Stabilization Retention Act of 2008. Read news release
Hoyer Statement on 40th Anniversary of the Civil Rights Act of 1968 Congressman Steny Hoyer released a statement today honoring the 40th anniversary of the Civil Rights Act of 1968 being signed into law. Read statement
Hoyer Celebrates Maryland Day at St. Clement’s Island, the “Birthplace of Maryland On March 25, Congressman Steny H. Hoyer joined a festive gathering of Maryland citizens, elected officials and historical scholars in commemorating the 374th anniversary of Maryland’s founding at the site of the State’s first colonial landing at St. Clement’s Island. Read news release