More on Budget & Economy
Waxman Urges Appropriations Committee to Provide Full Funding for the Commodity Futures Trading Commission
Waxman joined with a number of other concerned Members of Congress to urge the House Appropriations Committee to provide full funding for the Commodity Futures Trading Commission (CFTC) so it has the funds it needs to address abusive speculation in the oil market.
Today Energy and Commerce Committee Ranking Member Waxman and Subcommittee Ranking Members Pallone, Rush, Eshoo, DeGette, Schakowsky, and Tonko sent a letter to Chairman Upton requesting hearings on the impact of the automatic budget cuts scheduled to go into effect as part of the March 1 sequester. The cuts will affect almost every agency within the Committee’s jurisdiction and will result in over $85 billion in cuts to key domestic priorities and defense programs.
Reps. Cummings and Waxman Release Documents Showing that Wal-Mart’s CEO was Informed of Mexican Bribery Allegations in 2005
Today, Oversight and Government Reform Committee Ranking Member Elijah E. Cummings and Energy and Commerce Committee Ranking Member Henry A. Waxman sent a letter to Wal-Mart CEO Michael Duke regarding internal company documents that appear to show that Duke and senior Wal-Mart executives had specific knowledge as early as 2005 about the bribery allegations associated with Wal-Mart’s controversial store in Teotihuacan, Mexico. The documents contradict the company’s claims that senior executives had no knowledge of these allegations.
Today Energy and Commerce Committee Ranking Member Henry A. Waxman released a memo detailing cuts to key energy programs in the House Republican budget, authored by Rep. Paul Ryan, now the nominee for vice president on the Republican presidential ticket. The Ryan budget, which passed the House earlier this year with no Democratic support, would cut billions of dollars in funding for development of clean energy and eliminate programs that have helped support over 60,000 jobs.
"Democrats have a more optimistic vision. We believe that the economy works best when the government establishes the rules of the road, adopting sensible standards that protect the middle class, promote competition, and prevent corporate abuses. We believe that public investments in our country’s future pay off. We believe that educating tomorrow’s workers and supporting entrepreneurs and new industries will grow our economy faster and better. And we think history has repeatedly proven our vision is the right one for America."