The Earthtimes online News
Home

House Speaker Pelosi calls for economic summit

Posted : Tue, 01 Apr 2008 18:35:03 GMT
Author : Reuters
Category : US (Business)
News Alerts by Email click here )
Create your own RSS
US Business News | Home
WASHINGTON (Reuters) - The speaker of the U.S. House of Representatives on Tuesday called for a summit involving the Bush administration and bipartisan congressional leaders to work on a range of economic problems.

Noting the recent successful collaboration on an economic stimulus measure, Nancy Pelosi, a California Democrat, said: "I am now calling on the president to once again join with us in a bipartisan ... summit on the economy so that we can address the concerns, kitchen table concerns, of America's working families."

Pelosi made her remarks at a news conference centering on the current home mortgage crisis and consumers' concerns about their jobs, and food and energy costs.

In late January and early February, Democrats and Republicans in Congress worked with the Bush administration to produce a two-year, $168 billion economic stimulus bill that has been signed into law.

Since then, as more and more people holding home mortgages have gone into default, Congress and the Bush administration have been looking at ways to contain a crisis that has rattled global markets.

Pelosi did not say whether she has gotten any sign from the White House or congressional Republicans that they were willing to participate in an economic summit.

Rep. Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee, said two bills to help deal with the housing crisis could be ready for House action by the end of April.

Following a two-week recess during which many lawmakers met with constituents, Pelosi said voters held "great uncertainty about the economy, about their jobs, about their homes, about the cost of food, about the cost of gasoline, how they will make ends meet."

(Reporting by Richard Cowan, Editing by Neil Stempleman)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.


Share on

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More US (Business) News click here

Choose Theme
Green Earth Blue Earth Orange Earth Purple Earth

Search
 
You can
Print this articleemail this articleComment on this article

Current News

News Category
Business
- India
- UK
- US
Entertainment
Environment
General
Health
Sports
Technology
World
Press Release
Add to Google Toolbar
Breaking News
Press Releases

About us | News Archives | Browse old Archive | Feedback | Disclaimer | Mobile/PDA | News Alerts

The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions
expressed in the articles either direct or indirect.

© 2008 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy