Congress Looks to Address Struggling Economy

January 15, 2008 – With fears of a recession looming, Congress opened its 2008 session today looking to address health care, energy costs and a host of economic issues. Democratic leaders have said a top priority will be to shape a bipartisan economic stimulus package to jumpstart the struggling economy.

“American families are facing rising energy and grocery prices, exploding health care costs or no coverage at all, and losing value in their homes or actually losing their homes to the sub-prime mortgage crisis,” said House Speaker Nancy Pelosi (D-CA). “Americans want Congress and the Administration to take action to jumpstart our economy; Democrats look forward to working in a bipartisan way in the coming weeks.”

Congressional leaders are also planning a vote next week to override President Bush’s second veto of legislation expanding the State Children’s Health Insurance Program (SCHIP). Other issues Congress is set to address include the subprime mortgage crisis, consumer safety surrounding Chinese imports and pending free trade agreements with Columbia, Panama and South Korea.