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August 25, 2010

  • Five years ago, one of the most destructive natural disasters in our nation’s history hit the Gulf Coast.   When they hit the coasts of Louisiana and Mississippi, Hurricanes Katrina and Rita took thousands of lives, displaced millions of residents, wiped out hundreds of square miles of coastal land, and inflicted major damage to nearly 300,000 homes.

     A half-decade later, Gulf Coast residents are still trying to pick up the pieces.  Since taking office in...

  • Ever since the Recovery Act passed last February, Congressional Republicans who opposed this economic rescue plan have had to do an awkward dance around the truth.  After all, when you declare from the beginning that the Recovery Act won’t create a single job, you’re going to be forced to do a little two-step around the facts as week after week leading economists, the nation’s governors, and even your own constituents say otherwise.

    But yesterday, when...

  • This weekend marks the fifth anniversary of Hurricane Katrina and provides an opportunity to remember what was lost, celebrate what has been regained, and restate our commitment to the Gulf region and to all those still working to rebuild lives and communities.  The Obama Administration remains deeply committed to serving the needs of Gulf Coast residents.  Since taking office, President Obama has made it clear that he will stand with the people in Gulf through this restoration...

August 24, 2010

August 23, 2010

  • Today, the last reform provisions of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act – also known as the Credit Card Bill of Rights – took effect. The CARD Act of 2009 marked a turning point for American consumers, putting an end to the days of unfair rate hikes and hidden fees.The President released the following statement on the CARD Act implementation:

    Last year, I ...

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