About the Committee
Press Office
What Should the Federal Government do to Avoid a Recession
Wednesday January 16, 2008
U.S. Senator Charles E. Schumer (D-NY) will convene a Joint Economic Committee (JEC) hearing to examine targeted economic policies for fending off the predicted recession.
Opening Statements: Senator Schumer's Opening Statement
  Congresswoman Maloney's Opening Statement
  Senator Edward Kennedy's Opening Statement
Witnesses: Dr. Lawrence Summers, Former U.S. Treasury Secretary
  Lawrence Mishel, President, Economic Policy Institute
  William W. Beach, Director, Center for Data Analysis, The Heritage Foundation
Charts and Data: Real Oil and Gas Prices Approaching Record Highs
  Housing Investment Has Dropped Sharply, Reducing Demand and Making Recession More Likely
  The Unemployment Rate Jumped in December
  This Bush Administration Ties First Bush Presidency's Weak Job Growth Record, Worst Since Herbert Hoover
  Credit Remains Tight for Noncomforming Loans
  Private Job Growth Negative for First Time Since July '03
Location:   216 Hart Senate Office Building
Time:      9:30 a.m

Joint Economic Committee to Hold First Congressional Hearing to Determine Most Effective Ways to Stimulate the U.S. Economy